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Technology Stocks : Cymer (CYMI)
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To: GuinnessGuy who wrote (8438)11/6/1997 7:34:00 AM
From: DAVID BANISTER  Read Replies (1) of 25960
 
rules on insider buying and selling clarified:

Once an Insider sells stock, he can not buy back any stock for 6 months
from the date sold...period. They will not be buying anytime soon then.
I know this because I have spoken with a CFO and he filled me in on these
rules. It is not uncommon for insiders to cash out some shares after an IPO
especially if successful like CYMI was. When most of them sold at $42
(post split), you cant blame them for cashing in on 11 years or more of
work can you??
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