Some preliminary conclusions.: The Trade, Cont'd Reports on the
antitrust suit. Dec. 3 2003 6:35 PM  Some preliminary
conclusions.  Faneuil: an over-eager assistant? Faneuil: an
over-eager assistant?  Around the time that Douglas Faneuil
received the Waksals' sale requests (four hours before he spoke
to Martha Stewart), ImClone's stock started trading down sharply
on high volume (often a sign of trouble), and rumors began to
fly that the company's Erbitux application was going to be
rejected or delayed. By the time Stewart called that afternoon,
ImClone's stock was down about $5 from its opening price, or
nearly 10 percent, on about five times its usual trading volume
(often a major sign of trouble). If Faneuil was even remotely
competent (professionally speaking), he would have relayed this
information to both Bacanovic and Stewart. If Bacanovic and
Stewart were even remotely competent (cognitively speaking),
they would have interpreted the information as a sign that the
market might know something they didn