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To: BGR who wrote (40706)	6/19/2000 8:04:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 42523

>Insiders are horrible indicators. If only because historically, insiders only do one thing. SELL. Makes them about as useful as Luc, as far as indicators go. Once the public realizes that the greatest transfer of wealth in the history of the world is THE STOCK MARKET, the mania might end. But it seems as long as you throw them a few crumbs now and then, like JDSU or RMBS, they'll keep pulling the lever waiting for the bit of cheese. Bread and Circuses? How about mo-mo nasdung stocks? Meanwhile, the REAL money is made in underwriting fees and frontrunning recommendations, and dumping insider and "friends and family" shares.

To: BGR who wrote (40706)	6/19/2000 10:05:00 PM
From: Archie Meeties	Read Replies (2) \| Respond to of 42523

BGR, welcome back. I was beginning to miss our weekly chance to dispel myths. -g- Insiders are horrible indicators OK, to test your statement, answer two things. 1. After the crash of oct. 1987, when insiders began buying, did insider buys a) outperform the market b) underperform c) or just keep up? (pick any time frame) 2. The stocks that insiders sold during oct. 1987 crash , did they a) underperform b) keep up c) or outperform. (pick any time frame) When you dig up the answers, let me know what you think about the dumping in April and May of 2000, OK?