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Technology Stocks : Winstar Comm. (WCII)

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To: gauguin who wrote (9544)12/12/1998 8:34:00 PM
From: Steven Bowen  Read Replies (3) of 12468
 
Hi Barbara,

What are you doing sitting home on a Saturday night playing on your laptop?

Actually Yahoo shows Chrust only owning 168,000 as of Sept 1.
Since then he's registered to sell 100,000 toward the end of Nov and now 67,000 yesterday. Only leaves him 1,000. Of course, he's probably received options to buy another 50,000 since then, but looks like he's about out of stock. (Of course, I don't know how accurate Yahoo is.)

Anyway, that's over $5,000,000 worth of stock in three weeks. Must be those expensive east coast schools :-) I realize everyone has their own reasons for selling, but with everything we've heard and are hearing, this doesn't seem to be an opportune time for him to be selling.

Insider selling (large amounts anyway) always make me a little nervous. Ask those CVUS holders about insiders bailing :-)

Steve
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