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Technology Stocks : MSGI Marketing Services Group Inc.
MSGI 0.00010000.0%Mar 3 4:00 PM EST

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To: David in Ontario who wrote (500)4/20/1999 10:53:00 PM
From: Austin S.  Read Replies (1) of 3418
 
David in Ontario - I make nothing of the insider trading other than someone needing the cash or taking profits from stock acquired at $2 or better. I can't tell you why the shares were sold by insiders here recently any more than I can explain why insiders sold over 700,000 shares of MSGI between Feb. 3 and March 15 for prices ranging between $4.98 and $11.00. Don't you know those insiders wish that they had those 700,000+ shares back now!

There wasn't a problem with MSGI when those 700,000 shares were traded during Feb. & March '99 and there are no problems with MSGI now. In two months, those insiders having sold @ $30 will be kicking themselves as well.

MSGI's current President & CEO, Jeremy Barbera hasn't sold a share, has filed to sell any stock, and has, instead, continued to accumulate MSGI stock. That I like.
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