Gateway (GTW) Message Board

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Technology Stocks : Gateway (GTW)

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To: BJP1946 who wrote (5073)	12/19/1997 2:59:00 PM
From: Scott Lerner	Read Replies (1) of 8002

Insider Selling is a very inexact indicator Take EMC for example, that stock had heavy, continuous insider selling by the Egans. The media would fixate on this fact. Subsequently, over 18 months the stock tripled! Look at Micron Tech, Insiders bought heavy in the 70's at the beginning of the downtrend. It then went to 17! The fact is that these tech guys own a ton of stock and have very little relative cash. THEY NEED TO SELL STOCK TO SUPPORT THEIR LAVISH LIFESTYLES. Wake up and realize this. Some selling is suspicious and some is not. This selling is not. Ted could be selling to raise money for some home renovations or to buy a new yacht. Sincerely, Scott

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