Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 662.63

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Nov 19 4:00 PM EST

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To: Dr. Stoxx who wrote (19114)	6/6/2001 8:24:11 PM
From: smchan	Read Replies (1) of 39683

Fellow news junkie... great bit on NPR this morning about CEO's of high-flying tech companies dumping their stock in 1999 and 2000. The picked on the founders of ARBA in particular (each of the 6 made over $100 million per the report). They also interview the CEO of EELN who, at one time, was worth $400 million. The stock closed at $1.29 today but has been as high as $74. The CEO said he believed in his company and backed it up by not selling any of his stock and by extending the company a line of credit. One of the interviewees was asking the SEC to impose harsher rules on insider sells; especially on non-profitable companies. Great report that really left me thinking about govt. control vs. free markets. Sam

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