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Technology Stocks : CBTSY

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To: bill who wrote ()10/19/1999 3:33:00 PM
From: Mark Peterson CPA   of 454
 
If anyone cares, here's the reason for the decline. Shareholders (insiders) are filing to sell substantially all of their shares.

The thinking here probably goes like this: if they thought they could get a better value for CBTSY by selling the company, they would. Instead, they're putting their own shares to the market. So the market sees lack of confidence in the officers/directors in their ability to increase the price of their stock through merger/acquisition/the normal course of business. Accordingly, it has hammered the stock.

freeedgar.com

BTW, I sold my shares purchased at 16 3/4 today at 18 3/8 after trading resumed.

Mark
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