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Microcap & Penny Stocks : INSP Investors Research
INSP 130.34+11.2%3:59 PM EST
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To: Puck who wrote (488)2/28/2002 10:29:31 PM
From: Puck  Read Replies (1) of 787
 
Also, Jain officially filed to sell 267,000 of his shares, which was reported today. During the last conference call he said that he had planned to sell around 1% of his holdings though an independent blind trustee he would have no control over who would sell his shares a little at a time every day so that he could avoid selling in larger blocks of shares. Such an insider filing often has a temporary negative effect on the market price of s stock, sometimes not. In this case, because Jain announced his intentions beforehand on the conference call, it really shouldn't have been a surprise to anyone. It's impossible to tell how much Jain's plans to sell 1% of his holdings may have had on the stock price.
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