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Pastimes : All Clowns Must Be Destroyed
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To: BGR who wrote (40706)6/19/2000 8:04:00 PM
From: KeepItSimple  Read Replies (1) of 42523
 
>Insiders are horrible indicators.

If only because historically, insiders only do one thing. SELL.

Makes them about as useful as Luc, as far as indicators go.

Once the public realizes that the greatest transfer of wealth in the history of the world is THE STOCK MARKET, the mania might end.

But it seems as long as you throw them a few crumbs now and then, like JDSU or RMBS, they'll keep pulling the lever waiting for the bit of cheese. Bread and Circuses? How about mo-mo nasdung stocks?

Meanwhile, the REAL money is made in underwriting fees and frontrunning recommendations, and dumping insider and "friends and family" shares.
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