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Politics : Formerly About Applied Materials
AMAT 225.61-1.3%3:56 PM EST

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To: w0z who wrote (33168)11/14/1999 8:22:00 AM
From: Alan Siegal  Read Replies (1) of 70976
 
Bill:

A well-taken and worrisome point. I looked at a few companies and, to be sure, there is lots of selling by many of the overheated major players. However, folk wisdom says that insider buying is often a sign of true insider knowledge, while insider selling generally proves that insiders can't time the market any better than anyone else. Stock prices have soared in the weeks since these people did their selling, no doubt to their chagrin.

Valuations? If classic valuation were part of our rationale, none of us would ever have bought anything in the open market. I'm well into the long-term capital gains situation, so I'm really tempted to get out, but I'm afraid of slipping into the timing game.

-Alan
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"From mid-August to late September, for example, seven insiders at Applied Materials have sold 308,247 shares; two sold more than half their holdings. The sales are the biggest in any 30-day period since 1997."

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