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Technology Stocks : Sycamore Networks Inc-(SCMR) -- Ignore unavailable to you. Want to Upgrade?

To: Ricky Rydell who wrote (688)	10/24/1999 9:40:00 PM
From: Victor Lazlo	Respond to of 2249

Insider buying is a good indication of where a co's stock is headed in the future. Insider selling is meaningless. If you learn of an insider selling their own co's stock, ask this: is that person getting divorced? Buying a bigger home? Putting two or three kids through college at the same time? Trying to diversify some of their life's savings out of one investment (the co stock) into some others? Most insider selling is done well below the 52-week highs, either way too soon, or too late. So much for that. Institutions on whole are probably much more conservative than the average retail investor. These are mutual funds who may have to meet big cash redemptions next week, life insurance co's, university endowments, overseas firms that are as interested in the currency spread as they are in the actual stock gain, public pension funds, union pension funds, retirment funds, etc. Do you really think they are running around making fast bucks on every position they take? Do you really think these institutions are flipping 100s of thousands of shares and not having to be accountable to anyone? Most of these institutions have committees that have to approve or reject major investment moves. Are they all in on the conspiracy too? if so, then that is a lot of savvy, shrewd people who are always right!! Ricky, I buy low, not high. Maybe someday you will understand that concept. Victor