Details on Insider Selling from Today's E*Trade Pulse 1.5 News Search:
Kaplan sold 675,000 shares in December leaving him with 526,000 shares. He also filed to sell 20,00 more on 1-11-99. Looks like he's bailing, but maybe he needs the money for something better.
On the other hand, as pointed out here, Hirshfield is selling but it's a relatively small portion of his holdings. He sold 90,00 in December leaving him with 2,010,845 shares. On 1-11-99 he filed to sell an additional 150,000 shares.
Other 1-11-99 filings:
Imperiale files to sell 50,000 shares adding to the 100,000 shares he filed to sell on 1-7-99
Schlosser files to sell 45,000 shares.
Commentary:
I don't think that insider selling, in isolation, would lead anyone to believe that DBCC is over-priced but it doesn't leave you with a warm fuzzy feeling either. Seems like there is a good chance that there is more insider selling to come.
I'm more concerned about the fundamentals, which IMO are just not good enough to even remotely justify the current market cap. However, if you believe that tomorrow's IPO of MKTW can go from $16 to $54 to $270, then you might want to be long the stock. But then again, maybe it would be better to ride MKTW to the mid 200's for a 15 bagger. As you know TSQD didn't do all that well when DRIV took off. FWIW.
In addition, I worry about Steve Harmon's concern that " there's a plethora of financial content on the web and a lot of competition for ad dollars."
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