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Technology Stocks : Tekelec -- Ignore unavailable to you. Want to Upgrade?


To: John Curtis who wrote (1412)4/1/2000 12:47:00 PM
From: stock bull  Respond to of 1648
 
Hi John, many thanks for your response. I wasn't watching the markets near the end of the day. So, I was quite surprised to see the stock down 4 when I returned after the markets had closed.

I too saw the recent insider selling and felt it was on the "heavy" side. However, I thought it was just some "planned" selling by the insiders now that the stock had experienced a very nice run-up. Also, I haven't seen any negative news or other events that might have impacted the company. I sure hope there isn't something going on that will result in a pre-announcement warning or some other disappointment. From your description of the last minute selling, and the 250K "block" of shares, I must agree with your conclusion of last minute "window dressing". In any event, Monday will tell us more...sure hope we see a jump up in the stock.

By the way, did you see any after hours trading in the stock? I couldn't find anything on after hours activity.

Again, thanks for the update.

Stock Bull



To: John Curtis who wrote (1412)4/1/2000 3:59:00 PM
From: lml  Respond to of 1648
 
John:

My conclusions on yesterday's last minute sell-off are the same, last minute selling by the window-dressing guys. What's interesting, though, is why it occurred at the very last minute.

My guess is that whoever sold, (and I do attribute the selling a one or two larger holders) was looking to book a profit for the Q, & to jump back in pretty much near the same exit point. One would do this if one knew there were a fairly efficient market for this stock & that any selloff below a support line would immediately be met by some significant buying. So, if one waits to the very last minute, especially on a Friday afternoon, it is likely that one can get the opportunity first think Monday to reestablish his position with minimal cost. All I can see is let's wait til Monday morning & see where the stock leads us.

I, too, am aware of the poster on Yahoo you speak of. My conclusion is that he knows little and is merely trying get investors who frequent Yahoo to sell their shares into fears of insider selling. My conclusion is that insider selling is normal given the price history of the stock from last year to this year.

If he were smart he'd be buying at these levels since the stock held up remarkably well last week despite overall Naz tech selling. I just don't think insider selling is the issue here. But that's JMO.



To: John Curtis who wrote (1412)4/3/2000 7:48:00 AM
From: Phaedrus  Read Replies (1) | Respond to of 1648
 
John,
I think Friday's lynching was option related. check TKLC's news out. hope u fared better than me!! still licking my wounds.....