Gateway (GTW) Message Board

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Technology Stocks : Gateway (GTW)

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To: Dave Gahm who wrote (5682)	3/30/1998 3:44:00 AM
From: Orcastraiter	Read Replies (2) of 8002

"...that's 75% of the stock he held at the time of the last 14A filing. Maybe it's just my own bearishness, but this seems like a level of selling that is hard to explain without concluding that he expects a lower stock price ahead. I guess we will find out in a couple weeks." Dave, I don't see anything wrong with selling 75% of ones holdings, especially if the guy is under diversified. He still has 25% of his portfolio in one basket, that speaks very positively. Personally I try not to have more than about 10 to 20% of my portfolio in a single issue. Most of the upper management are being paid in options as well, so a little selling is not to be construed as people dumping on the inside. Say wouldn't it make more sense to dump 100% if you knew the top was near? But who can guess the top for any stock? Not I! Orca

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