Formulab Neuronetics Corp.(FNCLY)-Anyone following this CO Message Board

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Technology Stocks : Formulab Neuronetics Corp.(FNCLY)-Anyone following this CO

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To: Jags who wrote (32)	10/6/1997 9:52:00 PM
From: Musya	of 210

Current trading has nothing to do with insider sales. Considerable portion of the stock is held by the company directors, but little by employees (I have their last annual report). For true insider, it does not make any sense to sell close to the company's all time low - they could sell few months ago if they expected bad news and no recovery. Just before FSS first e-mail announcement, some 3,500,000 shares were traded in very big lots - bought by big investors and institutions. They will not dump it until the stream of positive news releases is exhausted (at least until the release of annual report - should be within 2 weeks), or until the price increase to a level that would justify profit-taking (say $10). Until then, you are safe - the stock can go down on decreasing volume, as it did last week, but will recover easily later.

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