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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: AJ Berger who wrote (5549)	1/27/1999 3:36:00 PM
From: Lane Hall-Witt	Read Replies (2) of 27722

Insider Sales is a hard way to evaluate this company. Look at Paulson's 20 Nov 1998 and Cheney's 25 Nov 1998 on this list: biz.yahoo.com Paulson sold for $5.25-5.28 per share, and Cheney sold for $6 per share. On 27 Nov 1998, Paulson sold more shares for $12 apiece. Why'd he sell the first lot on the 20th, given that there was a pop coming so soon afterward? And, of course, we all know that the rally ultimately went to $27. I don't want to infer too much from this, except maybe to point out the obvious fact that insider selling in the fall didn't preclude a significant rally. I do typically pay attention to insider trades as part of my DD, but in this case the evidence is ambiguous and doesn't look to me like a deal-breaker.

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