Elmo,
I don't understand your comment about insider trading not being measured objectively. I think David Coleman at "Vickers" (no relation), Bob Gabele, and the institutional money managers who buy en masse at the first sign of insider buying, would disagree.
I do agree with what you are saying regarding Dr. Schmidt's job committment.
But I have been following insider buying for almost 20 years, and the fact that he has not bought open market shares yet, even just for show, speaks loudly as to his financial committment, and to what his personal beliefs may be in his ability to turn Novell around.
The fact that he hasn't been able to convince the lowliest, boot licking, VP to buy either, is somewhat frightening.
What I am saying is that while he may be committed personally, he isn't "convinced". As Jerry McGuire said "show me the money".
August buys have to be reported by Sept.10, so maybe we will know something within a couple of weeks. I am not optimistic.
Regards,
Dwight |
