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Gold/Mining/Energy : MYT - Mytec Technologies

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To: antonio doria who wrote (643)10/2/1997 7:59:00 PM
From: MatthewZ   of 1535
 
To all with concerns about insider selling I say 'chill'. The article in the post says that "George Tomko, a director and senior officer, sold 25,500 during June to hold 674,455 directly and 117,030 in a registered retirement savings plan." What do I think about this? Well first it was months ago, second 25,500 shares represented just 3.1% of his holdings! (was 816,985 shares).

Lets say he sold them for $4 each - thats just $100k. Maybe he needed money to purchase a BMW or something... I only wish I was as rich as him.

On the other hand, the graph on this stock sure looks ugly. Perhaps we are bottoming out here?

Later, MatthewZ.
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