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Politics : Idea Of The Day
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To: Tom Trader who wrote (19686)8/31/1998 2:42:00 PM
From: Lee  Read Replies (1) of 50167
 
Hi Tom, >>Re:At significant market bottoms, there is a huge amount of insider buying that occurs--and it goes on for a while before the market turns.

Thanks very much for your reply. Not having real time BMI data and mostly relying on fundamentals, I have noticed that there is a pickup in insider buying as of Aug. 28. Don't know if this is what would be considered a huge amount though. But if we discount the affects of global turmoil and just look at basic domestic fundamentals with an eye toward the future, we can only deduce that unless GDP and technology start going backwards, and if we keep hoping that the US consumer stays healthy and employed, then the reasonable guess to make is that there may be some bargains now. Once the mass starts in the positive direction, it's sometimes too swift to catch ride. (e.g. internet stocks recently) Not trying to pick a bottom but some prices look compelling now. <VBG> Some of are good at shopping! <VBG>

invest.foxmarketwire.com
Insider Buying Large Cap
invest.foxmarketwire.com
Insider Buying Mid-cap
invest.foxmarketwire.com
Insider Buying Small Cap

Again, jmho

Lee

Buying Oct 125 bond puts (@27) because; 1- we are really stretched to the upside, 2 - OI declined last Thurs and positions weren't rolled forward, 3- Economic numbers will continue to show strength. Big eco numbers tomorrow and Friday this week.
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