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Technology Stocks : PRI Automation (PRIA)

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To: Q. who wrote (702)6/18/1999 5:15:00 PM
From: Donald B. Fuller  Read Replies (1) of 1214
 
>>Insider selling is not as good an indicator as insider buying, but I wanted to reduce my semi equip exposure now, after the run-up, and this seemed like a good reason to let PRIA be the one I sell.>>

In my (relatively limited) experience, insider transactions have been near useless indicators. My single biggest winner (EMC) has had massive intermittent insider selling for years, including back when they were about 6% of their current share value. Even back then, people kept moaning about the insider selling.

I think for many of these guys, their company stock is their main asset, so when they need cash - they liquidate shares. Need a house...need a car...need one of those cool digital projector surround sound systems in their second home, etc...

Long PRIA I remain...

Don
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