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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: Bankceo who wrote (7447)2/18/1998 2:22:00 AM
From: Don Earl  Read Replies (1) of 27307
 
Hi Banceo,

In all fairness, insider selling is not always a sign the price will go down. Certainly not a good omen, but not a sure thing either. I've also noticed that even when it is a sign of future problems, there is often a considerable delayed reaction. SEC rules make it illegal for them to repurchase the shares for six months. It seems to me that an insider would have to time their buys and sells pretty carefully. The highs and lows have to be six months apart in each direction. It is kind of interesting to see that six month pattern in some charts.

Generally, I believe buying a stock when insiders are buying is a safer bet than shorting when insiders sell. IMO there are a lot of good reasons to short YHOO and insider selling is only a small part of it. I can also see reasons why those in at much lower levels would want to hold their positions if they are longer term investors. The only thing I would have a hard time imagining is anyone starting a long position at current levels. Then again, it's their money, and they can do whatever they want with it. None of my business really.

It'll be interesting to see what happens next Monday after options expire.

Regards,

Don
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