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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (51913)9/27/1999 12:49:00 PM
From: AltLar  Read Replies (1) of 95453
 
Slider,
Thanks for the detailed response re MDR. I agree it looks attractive here for the reasons you articulated. However, Drunkenmiller just sold over $75,000,000 worth of shares at a two year low while oil is booming. Before these sales this guy owned over 10% of the company. He just reduced his ownership by over 60%! Now I don't think this guy got this rich by making stupid decisions like selling out MAJOR positions at the bottom. You said there was alot of info out on these sales. Can you share some of it with us? I want to like this company but this level of selling by someone in the know has me worried.
Thanks,
Larry
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