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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (10106)	11/27/1999 4:15:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Wally: Re: " Can consumer demand remain strong & sales continue to rise at a similar rate as inventories? If not, the FED may get their slowdown in the first or second quarter of 2000....." The race is on. Can we buy them faster than they stock them? A month or two ago, I thought the stockers had a better chance. Not anymore as the stock market and consumers have read yet another green light into the actions of the Green Man. Neither the bond market nor the stock market is discounting any slowdown at this point. Poor little Green Man. He wanted to go to a neutral bias this past meeting but he didn't want to tell anyone IMO so as to avoid a repeat of July's misread. But he could not because of the new open door policy at the Fed. So he did the next best thing which was to pull the discount rate hike out of the bag to throw some cold water on the markets. Naz was watching a different channel that day but the Green Man must take some solace in the apparent ceiling on the S & P. Yet underneath it all is a very hungry consumer. Walmart greeters please stand to the side or run the risk of eating shopping cart wheel cookies!!

To: Wally Mastroly who wrote (10106)	11/28/1999 12:53:00 AM
From: Jeffrey D	Respond to of 15132

Insiders buying more than selling. History suggests this should be bullish for 2000. Jeff latimes.com Insider Buying Called Bullish Sign for 2000 Bloomberg News U.S. executives and other corporate insiders are buying shares in their companies at the strongest pace in 11 months, even as the stock market's major indexes approach record highs. Directors, executives and big individual investors started buying shares when the market bottomed out in October. They've stepped up purchases even as the Dow Jones industrial average rebounded 11% in the last six weeks. "There are extremely aggressive rates of buying," said David Coleman, editor of the Vickers Weekly Insider Report, which tracks buying and selling. "I'm looking for the market to increase 20% in the next year." Typically, insiders sell shares more than twice as often as they buy. Yet during the last eight weeks, insiders have been purchasing shares an average of three times for every two sales, according to Vickers. Its eight-week ratio of sellers to buyers has fallen to the lowest level since last December. "The insiders are giving us a green light," said George Shirk, managing editor of the Insiders newsletter in Deerfield Beach, Fla. While executives have many reasons to sell shares--they're buying a house, diversifying investments or cashing out stocks they believe are near a peak--they usually buy because they consider their companies a good value, analysts said. Historically, in the rare instances when buying has exceeded selling, stock prices have increased an average of 25% in the following 12 months, Coleman said. Analysts say buying has been widespread in a range of industries. Recent buyers have included executives and directors of real estate investment trusts Duke-Weeks Realty Corp., Keystone Property Trust and Host Marriott Corp. Other buyers have been clustered among insurance, banking and home-building companies. Officers and directors have also bought shares of auto parts retailers Pep Boys-Manny, Moe & Jack and AutoZone Inc., whose stocks have plunged since spring. And insiders have scooped up shares of coffee retailer Starbucks Corp. and upscale retailer Saks Inc., among others. As usual, however, the sizzling Internet sector has not seen net insider buying.