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Pastimes : Stock-Picking Challenge

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To: Stoctrash who wrote (660)	2/4/2001 11:49:14 AM
From: Oak Tree	of 2402

I likewise wonder what is going to happen to many of these expensive stocks considering that the insiders are selling big. Examples: IWOV: million $ insider sales just before drops. This stock has fallen a factor of 4. There were no insider buys. ARBA: millions of $ of insider sales again positioned conveniently before large drops in stock value. This stock too is looking at 1/3 its former value and no insider purchases EPNY: Same AMCC: this stock took over $100M in insider sales, this was followed by a big drop and no insider purchases. KEI: this stock already recovered! Can it really go up any more. No insider purchases, lots of large million $ insider sales. FDRY: same as ARBA and EPNY. Insiders are running including the academic institutions that have large share number. Bad sign. No insider buying. In short, these stocks are expensive and as rocky as low priced stocks. These stocks may be ok for a very rocky ride and a lucky rider could make money on a lucky bounce, but those in the know are retreating. Hence, this is like trying to profit at the lottery, the odds are against you.

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