Waste Management Inc. (NYSE: WMI) Message Board

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Gold/Mining/Energy : Waste Management Inc. (NYSE: WMI)

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To: Jon Stept who wrote (4)	7/14/1999 2:00:00 PM
From: Jon Stept	of 97

Insider Trading? or just normal sales that coincidentally occurred during a bad quarter. How does one distinguish between the two? A million shares appears like a lot of shares, and the total at an average cost per share of conservatively $53 is about $53 million dollars. That also appears like no ordinary selling. Public information indicates the past 15 months show nothing close to the kind of selling that occurred in the last quarter. Also, I looked at a few other large cap companies to see what the selling is like, and there was some inside trading but nothing that resembled $53 million. Some upper level management appeared to sell around 80% of their holdings during this period. Is this typical? Also, does it really matter? If it was insider trading, does it predict a declining/staid stock price, or is it moot? I would think it would have some effect, but not sure of how to quantify it or what the historical effects are when companies have been found guilty of insider trading... does the stock stay in the gutter? Just my thoughts and opinion, and looking for discussion. Thanx. Jon :)

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