EFAX insiders selling in the single digits ... I'm sure that when people see this, they will definitely sell at 25 tomorrow ... LOL!
Stock soldoff hard at the close ... and momentum is shot (lower price increase with lower volume) ... momentum traders will exit en mass.
I see a gap down to possibly 20 tomorrow, short rally up, then tank to 14 to test the 13 day MA by Th or F.
Congrats fellow shorts!
Shortie
March 16, 1999 14:33
eFax.com Insiders Combined To Sell 124,000 Shares In Feb (EFAX)
(NewsTraders.com)-- Two insiders at eFax.com (EFAX) combined to sell 124,000 shares from Feb. 12 to Feb.
25, according to Form 4 filings released by the SEC today.
Director Thomas Akin sold 90,000 shares at prices ranging from $6.75 to $7.26 each. He directly held 545,150
shares and had indirect control over an additional 124,947 shares at the end of February.
Allen Jones, the company's chief financial officer and secretary, sold 34,000 shares at prices ranging from $4.62
to $5.25 per share. He owned 32,159 shares at the end of the month.
Copyright 1999 NewsTraders Inc. All Rights Reserved 14:34 Tuesday, March 16, 1999 |
