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Biotech / Medical : Arterial Vascular Engineering AVEI

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To: Doug Moulton who wrote (54)2/22/1998 3:02:00 PM
From: Marc D.   of 410
 
There seems to be more discussion of AVEI on the Yahoo board, but I'll make the same post here to see if I can solicit some more opinions.

I stood in the path of this raging bull and was trampled. I bought March puts when AVEI was around 73 and so far have regretted the decision. I'd like to pose a civil question to everyone on this board, at the risk of being flamed to a crisp.

While the case for AVEI seems very good for the longs, I just think it's gotten a little ahead of itself. I'm only looking for a short term pullback.

But the question I ask all the ardent longs on this thread is doesn't the tremendous insider selling bother you? In the last three weeks alone, insiders have filed 144s registering to sell about 1.6 MILLION shares. This is not money to buy a car, pay for kids college, buy a house, etc... We're talking about $125 million. And the selling was also extremely heavy in the Fall. It's continued to amaze me that more longs haven't taken some profits in this big runup....the insiders certainly have. I'd just like to hear the opinions of some longs out here. I don't just play the short side of stocks, actually I'm more often long. But whenever one my longs sees this kind selling, I'm usually right to bail.

Good luck to all,
Marc
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