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Biotech / Medical : Arterial Vascular Engineering AVEI
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To: Stuolson who wrote (6)11/20/1997 6:13:00 PM
From: Vanni Resta  Read Replies (1) of 410
 
I was just funnin ya. But my point is valid. People who are very wealthy tend to need much larger amounts of money to do things that you would do for less. Why do you think the first wife always cashes out for huge monthly payments "to support her lifestyle" when the trophy wife comes along?

In other words, what seems like a lot of money to you, may be nothing to the very wealthy.

Besides, always keep in mind it is very hard to interpret insider buying and selling. Selling, the cliche goes, is much less meaningful, because it can occur for a number of reasons. Like to fund the purchase of the third home. Buying usually occurs because they think the stock is going up. (In banking, however this is less so. There the culture expects managers to buy shares just to show good faith.)

You also need to look at the track record of the buyer or seller. Do they have a history of uncanny market timing calls?

You will miss out on a lot of good stocks if you avoid them simply because insiders are selling. I made a lot of money in Ross Stores recently. But I almost did not buy it six months ago because it was always on the Vickers top ten insider selling list. Good thing I ignored that.

Happy Investing!

Vanni
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