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Non-Tech : E*Trade (NYSE:ET)
ET 16.71+1.7%Nov 28 9:30 AM EST
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To: Sharise Brown who wrote (5192)2/16/1999 12:26:00 PM
From: scanshift  Read Replies (1) of 13953
 
Who cares about ancient history. There is no comparison between the major dumping of EGRP stock by insiders now, and that slight selling of a couple years ago in terms of net percentages of their holdings and who is doing the dumping.

My comments in my prior post had to do with executive leadership at EGRP. They know about the public relations nightmare they are facing with their recently having system crashes three days in a row and all those class action lawsuits as a result of those crashes. The Archipelago mess is another nightmare that will haunt them; one they could have avoided. I wonder how many options the executives at E-Trade have in Archipelago? Does anyone know?

Getting back to your post:
R. D. Buschman did his homework in his post #5192. In it he says:

And is it irrelevant that five other officers and directors filed to sell $36 million worth of EGRP (in two cases amounting to 78% and 86% of the individual's holdings)?

Total shares filed by insiders in the first week of Feb alone (I wonder what week 2 looked like) were about 5.2 million for a value at the time of filing of $295 million.
Dismiss it at your own risk.

.... .The shares sold by the Cotsakos trust represent 64% of the trust's EGRP shares......

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