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Microcap & Penny Stocks : Genicom (GECM)

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To: David Culver who wrote ()11/27/1997 8:28:00 AM
From: billy d  Read Replies (2) of 231
 
Just a point on the insider selling. Although I can't say that the selling is a positive sign, I would not regard it as a definate negative either. Insiders could have several reasons for selling. It could be options, tax or general market concern . Remember how far this stock has come this year. It has more then tripled. Locking in a nice profit is not a bad idea.

I wish it was buying because buying means only one thing and that is they believe the shares are undervalued but I wouldn't be overly concerned with the selling, especially with the bounce we had yesterday.

Just my opinion.
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