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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (10332)6/19/1998 3:45:00 PM
From: BelowTheCrowd   of 18691
 
The problem with "intent to sell" filings is that they are really open ended. It doesn't mean that he will sell, just that he has legally notified the SEC that he might. For insiders like him, it is a bureaucratic hurdle that must be jumped over.

If he were to actually sell that many shares all at once, I agree it would be a bad sign. On the other hand, selling 100,000 shares per quarter over 12 quarters would not necessarily indicate a problem, especially if he continues to accumulate more through options. (A pretty typical -- if somewhat sleazy -- play for big insider shareholders is to lock in the profits you have now, while taking no-cost options on potential future gains.)

mg
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