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Strategies & Market Trends : The Amateur Traders Corner

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To: Softechie who wrote (6785)	3/3/2001 7:43:00 PM
From: Tom Hua	Read Replies (1) of 19633

Softechie, is that all insiders sold? I see the largest insider sell was from Dr. Huber, the CEO. The man owns 92 million shares and sold about half a million, that is 0.5% of his holdings for $10 million. Did you know that upon lock-up expiration, the CEOs of JNPR and RBAK sold an order of magnitude more than Huber, both in dollars and % ownership. And their stocks went up 500% after that. Did you know that Bill Gates sold 10 million shares in Jan and Feb, 1.5% of his holdings? And his buddy Paul Allen sold for a couple billion dollars recently? Gates has been selling steadily for years, since MSFT was a tiny fraction of present value. biz.yahoo.com Another factor that is overlooked by most people is the total shares sold vs. average daily volume. 7 to 10 million shares of CORV change hands each day, so the total shares in the 144s amount to a few hours of liquidity. Big deal. I have great respect for Dr. Huber for his technical excellence, vision, and management style. I do have one criticism of him. Why did he choose to keep more than 99% of his holdings in CORV. Hasn't he heard of asset diversification? Even If I discovered a magic formula that I believe can turn sea water into milk or sand into gold, I'd still want to sell more than 0.5% of my company stock for diversification purposes. I still will realize huge windfall from the balance of my holdings in the future. Regards, Tom

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