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Technology Stocks : SHRP: The Sharper Image, Profitable making $ on Internet!
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To: MarieS who wrote (227)2/16/1999 4:58:00 PM
From: Sober  Read Replies (1) of 353
 
Big deal, insiders sold 200,000 shares over a period of several weeks, that amount is insignificant. SHRP has an average volume of 700,000 shares PER DAY!! Today the volume was 750,000.

Multiply the average volume of 700,000 times 20 days per month and we get 14 million shares traded of which 200,000 (1.4%) was from insiders. Big deal, that's acceptable to me.

When YOU feel the price is high enough to take some profits off the table, you don't feel quilty do you; even though you haven't done a thing to create the successful business at Sharper Image. Those who have created this business deserve to be rewarded, and if they want to take some money off the table now and then, so what?

I hope you aren't suggesting that insiders are "cashing out" and the business is now going to go to hell. I believe you would like long term investors to think this because you are a short player in this stock. Sorry, but I think you will find this company doing better and better as time goes on.

I wouldn't want to be short with SHRP or SPGLA right now. They are doing too well, and are good takeover targets for the near future.

Nice try though, but some of us don't scare that easily.

Barry
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