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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 152.88

-5.9%

Nov 18 3:59 PM EST

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To: appro who wrote (2762)	3/9/1998 11:42:00 PM
From: LK2	Read Replies (1) of 9256

>>Quantum insiders sold something like 500,000 shares plus in most recent quarter<< >Now that makes me think QNTM management is pretty savvy.< Insider activity is a very poor indicator of stock price movement, in spite of what people like Bob Gabele write (Gabele is selling his insider tracking service, remember). A few years ago, when SEG was 17 (not adjusted for at least one split since that time), insiders sold millions of shares around 17. COMS went from around 5 or 6 to 320 (not adjusted for 2 splits) with massive insider sales all the way up, starting at 15 (There were a total of about 7000 shares bought around $6 by two insiders, the new president [Benhamou?], and a director. That's 7000 for the two insiders, not 7000 each insider.) There might be a few insiders that are good market timers, but they aren't that common. I'm not talking special situations like a merger or whatever. Larry

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