Mayer, the article states, " A further court proceeding will determine the parties' respective equity in the Glimmer mine". More than likely referring to the "referee" doing duty in April. I guess (regarding the GME "correction"), I was alluding to the theory/fact that some investors tend to stay clear of any players involved in litigation. Seeing that the title of the article I referred to was "Glimmer Dispute Remains Unresolved".
Thanks dragonden, my wife also reads these SI postings and was very upset by the fact that people would say things like that on the "Net" about me. Anyway I bring the following to my friends on the site as I think that it would come in handy in the next 3-6 months:
Commentary (borrowed from per Spectives)
When to buy, when to sell, that is the question to be asked.
The simple question has a simple answer; do the same thing as the people running the company. Simple answer that is difficult to carry out. How do you know when insiders are buying or selling is a question that many try to figure out. The often used solution is to check insider trading reports, which are now readily available at numerous places on the Internet. For that, we have some advice.
Don't waste your time.
Insider trading reports are not timely, and insiders will never tell you something that they don't want you to know. If they are engaging in a paper sale, count on them to do it offshore, undeclared shorts, through friends or other tricks. In addition, insiders often cross stock out to finance the company and take options as compensation. If you read an insider trading report and see such a cross, you may get the wrong idea and think that the insider does not believe in the deal.
The simplest way is sometimes the most inconclusive; watch the market
activity. If a stock is trading big volume and not really going anywhere chances are that the biggest shareholders are selling paper. The biggest shareholders are usually the insiders.
If a stock starts trading big volume with no apparent reason, chances are someone close to the company is buying. When you read about it in the newspaper it will be too late, because the opportunity will have disappeared. Unless you golf with the insiders, you will have to read
between the lines. The market never lies.
Enough Said.
(perSpectives, Feb. 13,1998).
Cheers Winzer |
