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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (40657)	6/19/2000 5:33:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

i think they said something about overseas telco IPO's sucking up some cash. btw, the decline in margin debt was nothing earth-shattering. to call it a 'plunge' is quite an exaggeration.

To: Ilaine who wrote (40657)	6/19/2000 6:04:00 PM
From: Archie Meeties	Respond to of 42523

Insider selling for May estimated at $10 billion vs. $6.5 billion in April and $22 billion in February. They didn't give the March data, I may have it saved on my computer at home. You don't need to find that data, I can tell you what it is. The selling ratio was overwhelmingly bearish. Even the clowns must realize that this is in stark contrast to 1987, when the ratio of net buying to total trading was an incredibly bullish 86% in the two weeks between Oct. 19 and Oct. 31. (1559 significant buys vs. 251 sells). In fact, insiders, including top executives, bought stock in record numbers immediately following the crash of 1987. The insider buying on Oct. 20, 1987, exceeded that of ANY day between Jan 1, 1975 and Dec 1, 1994, and most thereafter. Contrast this with what happened at the May nadirs, when the amount of insider selling actually rose from the generous April dumping, and the amount of insider buying in the nasdaq was close to zero. In fact, I can't find any tech stock that showed significant buying during the May lows. None. I've looked. HO Ho HO - all those insiders dead wrong? They could be! They could be! . (Source of the numbers - "Investment Intelligence from Insider Trading" Seyhun, H. N. Crash of October 1987 and insider trading, pg. 138-150)