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Biotech / Medical : IVAX Insider Trading
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To: flickerful who wrote (269)12/14/1997 9:45:00 PM
From: 5,17,37,5,101,...  Read Replies (2) of 756
 
Spectrlink: a new issue fall 1997. I never become involved with new issues. The insider clues can be too misleading. A lot of it could be hype. Insiders may have "over-sold" at the offering planning to repurchase shares later at a lower price on the market. Here you go...

21000...11/96...4.00...1901681...carman...D
(33500).11/96...3.5....607750....bliss....vp
(33500).2/97....3.38...561950....bliss....vp
9000....12/96...3.75...1910681..carman....D
10000...2/97....3.5....10000.....mansfield.vp
10000...5/97....3.5....1920681...carman...D
87000...5/97....3.5....1221051...jarve....D
(20000).5/97....3.5....168100....elswick..VP
(15000).5/97....3.5....492270....palumbo..vp
(33500).8/97....4.5....528450....bliss....vp
(10000).8/97....4.5....477170....palumbo...Ret.
(15000).8/97....4.63...153100....elswick...O

Notice persistent selling by vp's and officer and token buying by directors: not usually a sign that the stock will rebound any time soon. Also notice the personnel changes. I plan to steer clear of this one. The 853,000 purchase in your post is interesting but doesn't sway me.

I am very skeptical about Paxene approval. That note on Recap page chills my bones. Looks like my FDA contact speaks the truth. I am afraid Frost was a bit cavalier about this one as he sounds with regards to reviving PanAm. I believe next year he may not make it into the Forbes list. I wish Frost were 95 instead of 60.

Thanks for the technical rundown on this run down dog. I wish I knew how to read candlestick chart. Do you have a link to such information?

Jackson
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