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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: cyberman who wrote (16095)1/27/2000 6:19:00 PM
From: stock_bull69  Read Replies (1) | Respond to of 19700
 
Cyberman, suggest you read my post again. I said that if the percentage of holding being sold by the insider is not given the fact that X amount was sold is irrelevant. Disagree all you want but very few insider sales are warnings that there are hidden issues or earnings shortfalls down the road with the company. Of course this is all JMHO and you have the right to disagree but I'd would be interested in some facts to back up your belief that CMGI share holders should start worrying about their investment!

Edit

Pulled from RB $37.1 million in stock or about 330,000 shares at current market price. No big deal! 300k is a drop in the bucket, and probably already planned for some time!!

Steve



To: cyberman who wrote (16095)1/27/2000 6:32:00 PM
From: Scarecrow  Respond to of 19700
 
I disagree with you and think that insider selling is certainly relevant.

Cyberman -- Not sure I agree with you. In general, insider selling is a non-event. The best-run companies have before-and-after-quarterly-closing quiet periods that executives have far fewer opportunities to sell than you or me.

I think the best scenario is that an executive *regularly* sells on the nth day of *every* quarter -- regardless of price. That removes the element of "insider information." I don't know if CMGI does this, but I think it's a best-practice model that they should follow.

Regardless, it's hard for me to get excited about insiders selling after the price has fallen 33 percent in less than a month. Hardly a model of market timing, you know?

Let them sell. Cash in their hard-earned money that is their reward for making us rich. If you rip 'em for every sale, what's their incentive to keep working to make us rich, you know?