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Technology Stocks : Midway Games - MWY
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To: Don Westermeyer who wrote (196)2/11/1999 8:33:00 PM
From: Michael Burry   of 278
 
That is simply the most short-sighted, intellectually impoverished article on investing I have seen in a very, very long time. As a finance journalist myself, I see where the article came from (the need to find a story), but there's no excuse. Gauging whether insider selling and insider buying are valid during a speculative bubble is absolutely absurd. Insider moves predict 1-5 years out, not a few months. In fact, it is the stocks that see insider selling that do the best because these are the momentum stocks being bid to irrational highs - the same stocks that get inexplicably more expensive as the bubble expands.

Thanks but no thanks for the lack of insight, SmartMoney. No offense to Don, who's just the messenger, of course.

Good investing,
Mike
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