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Non-Tech : Doc Stone's Bierstube und Trading Room

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To: Ahda who wrote (438)10/30/1998 8:54:00 AM
From: wolfdog2  Read Replies (1) of 638
 
Darlene, usually insider trades that are executed in order to delude "us" are small in dollar amounts. The Ally insiders bought large amounts (over a million dollars worth) over an extended period of time. I think they were deluding themselves.

Another example of insiders who made wrong way bets on their company is Amylin (AMLN). The insiders there made truly huge bets that their lead drug, Pramlintide, would fly through P3 trials and get approved by the FDA. Pramlintide flopped in three separate sets of P3 trials and the company's stock has fared just as poorly. The stock which a year ago sold in the low teens can now be had for less than the price of the Wall St. Journal. In fact when I last looked you could buy two shares for the price of the Journal.
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