INSIDER TRADES!!!!!!!!!!!!!!!
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NOTE: NO INSIDER BUYING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Form 144 filed with SEC during December 1996
Ticker $ Value # of Shares # of Insiders Avg Price
COMS 32,284,675 599,840 11 - A,O,V,V,F,O,O 53.82
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Form 4 Sales filed with the SEC during January 1997
Ticker $ Value # of Shares # of Insiders Sale Dates Avg Price
COMS 7,970,200 104,000 3 - O,O,O 12/23-12/30 76.64
USRX 9,569,825 123,500 4 - O,P,V,V 12/2-12/12 77.49
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Form 144s filed with the SEC during January 1997
Ticker $ Value # of Shares # of Insiders Avg Price
COMS 18,468,125 244,000 6 - O,A,V,V,A,O 75.69
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Form 144s filed with the SEC in the week ended 2/7/97
Ticker $ Value # of Shares # of Insiders Avg Price
USRX 4,812,500 70,000 1 - A 68.75
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Form 4 Sales filed with the SEC during the week ended 2/21/97
Ticker $ Value # of Shares # of Insiders Sale Dates Avg Price
USRX 4,789,500 70,000 1 - O 1/24-1/27 68.42
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Summaries of Form 4 purchases, Form 4 sales, and Form 144s.
The summaries list all the companies with open-market insider
trades over a given week or month, along with the following
data: transaction value of trades, number of shares traded,
number of insiders who traded along with their relation to the
company, the transaction dates, and the average transaction price.
Insider Relation Codes:
A - Affiliated person.
B - Beneficial owner of 10% or more of a company's shares.
C - Chairman.
D - Director.
F - Chief financial officer and/or treasurer.
G - General Partner.
L - Limited partner.
N - None. This code is almost exclusively related to Form 144
filings.
O - Officer.
P - President or chief executive officer.
S - Shareholder with 10% or more of a company's shares.
T - Trustee.
U - Unknown. Usually the result of a form that was not filled
in properly.
V - Vice President.
Insider buying is more significant than insider selling. There
are numerous legitimate reasons for executives to sell shares:
buying a new house, sending kids to college, or simply
diversifying assets are just a few. It is very common to see a
lot of selling in a high-flying stock, and for that stock to
keep rocketing. In contrast, there is generally only one reason
executives buy their company's stock: they expect to make some
money.
NOTE: No insider BUYS in either company!!!!!!!!!!!!!!!
Where's their faith in the deal/new 3COM?????
Insiders closest to day-to-day operations are the most important
to watch. These include the chairman, president, CFO, and vice
presidents. Directors are also usually knowledgeable insiders.
Beneficial owners and large shareholders are generally codes for
large entities or partnerships. These insiders can be responsible
for the largest trades in terms of dollar values, but they are
generally less significant because they are usually part of a
corporate action where no one individual loses money if the stock
goes down.
It is always more significant when more than one insider trades.
A "cluster" of activity gives a sense of unanimity of opinion
regarding a company's prospects.
NOTE: Several insiders selling 3COM.
Options-related trades are less significant than open-market
transactions. It means a lot more when insiders invest their
savings than when they simply reap the benefits of buying shares
at below market prices and immediately selling them for a profit.
NOTE: This summary ONLY includes open-market transactions.
Additional posts about dumping COMS/USRX
************************************************************
Subject: WHAT GAME IS THE BIG $$$$ PLAYING TODAY?
Feb 28 1997 9:45PM EST
Reply #25 of 31
1. John Force manager of PBHG Fund, sold off holdings in both COMS
and USRX in the past two months.PBHG had been 3rd largest holder
of USRX at end of 3rd quarter-3 million shares
2. Van Wagoner Growth Fund whose largest holding was USRX at the
end of December and COMS which was also in the funds top 25
dumped both stocks in the past two months.
Its hard to believe that these fund managers are so good at predicting the future. This is what the individual investor
has to deal with.
We have got to find a way to monitor these guys (big$$$$$)
movements because they must be having lunch together alot.
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Fortune article re: CSCC, CSCO & Eric Benhamou:
March 17, 1997
THE MARCH TO 7000:
DIARY OF THE MAD DOW
pathfinder.com@@zcmpGgYAfoz*zRGp/fortune/1997/970317/sto.html
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I was VERY happy with the prospects of this deal until I
found this material.
Insiders at both companies show little faith in this deal
otherwise, THEY WOULD PUT THEIR MONEY WHERE THEIR MOUTH IS!
Comments seriously appreciated.
Michael |
