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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?


To: J.Y. Wang who wrote (1774)8/2/1999 10:34:00 AM
From: bob yahnke  Read Replies (1) | Respond to of 2514
 
Cook mentioned a long time ago that he intends to purchase stock in the open market from time to time as he see's fit. I also believe that the purchases would be made in the $200,000-300,000 range. Yes, 5000 shares is not that big of a deal for him, however it is sure better than a sale. Expect similar purchases in the future and when you add them up over the months you will find out that the amount will turn into something substantial.



To: J.Y. Wang who wrote (1774)8/3/1999 12:06:00 AM
From: Mike M  Read Replies (2) | Respond to of 2514
 
Wang, I had a position in CUST before you knew it existed. I sold when the stock price was so high I could no longer justify holding the stock. That I have no position does not mean I will not have one, again.

You pretend that $200,000 worth of stock is miniscule yet he paid for that with hard earned money. Sure he has much more in stock options and restricted stock (but that is not liquid). With the 5K shares he paid for with personal cash and that may be substantial to his financial position. Time will tell if Mr Cook's investment was wise, but I think it is pure folly to speculate that he did so to hype insider buying.