To all those complaining about insider selling, Capt. Smartjack said it very well and I am reposting it here. I've been a WSTL stockholder longer than most and recognize that there are many reasons for insider selling. MZ you deserve it -- I'm just sorry the market wasn't currently valuing the shares higher. They should be at least $45 and would still be cheap. It's WSTL fundamentals that will be the final determiner of WSTL's stock price, and MZ has been doing a great job of making them strong.
messages.yahoo.com
Insider Selling
by: capt_smartjack (41/M/Naperville, IL)
7/31/00 9:37 am
Msg: 17973 of 17992
I have so much I could say about this, and no time to say it. Maybe I will have some time later in the week. I have a few comments for the message
board to think about though.
Why is it that when a insider sells stock at a high point, or when the company future does not look bright, a class action lawsuit is filed?? It is filed
because the insider knew bad times were coming, and bailed out before the "slide down" starts. But, let's look at Westell right now. The company just reported it's first profitable quarter since being public. They blew out last quarter earnings, have revised estimates upwards, and still look to blow out future earnings for the coming quarters. DSL is hot, and orders are coming in so fast it is hard to keep up with them. So the future looks bright, and a few insiders are selling some shares. But the reaction now is, "why would these guys sell shares when the stock has so far to move up"?? So, WHEN do you people think it is okay for them to sell??? The people on this board that are complaining about insider selling will complain no matter when it is done. If an insider sells when the company is at it's highest, they will scream lawsuit. If the insider sells while the company is on it's way up, they scream that they have no faith in their own company. So, I guess a insider can NEVER sell.
I would think that, from an SEC standpoint, this would be the SAFEST time for a insider to sell. They are not getting top dollar for their shares, but
they can't be accused of bailing out because the company was in trouble. They are selling a few shares when the future looks the brightest. How much
safer can you get??
All the best MZ,
Michael |
