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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Alastair McIntosh who wrote (5555)	1/23/2001 3:52:38 PM
From: zx	Read Replies (1) \| Respond to of 19633

copied--AVNX insider sales. Insider Sales percentages by: Mr_Ziggy_Stardust (140/M/Andromeda) 01/22/01 10:54 pm EST Msg: 14971 of 15102 Okay, let's look a little deeper into the insider sales. This shows you the percentage of holdings that each insider sold: Walter Alessanddrini (CEO) sold .3% of holdings Simon Cao (Board member) sold 2.5% of holdings Jessy Chao (CFO) sold 7% of holdings Jiang Paul (VP) sold 7.7% of holdings James Pickering (VP) sold 9% of holdings Florence Anthony (VP) sold 11% of holdings Peter MacGuire (VP) sold 3.7% of holdings * The CEO still holds over 5 million shares * The CFO still holds over 1.2 million shares * Simon Cao still holds over 3.5 million shares These seem relatively insignificant to me. The swoon the market took in Oct-Dec would probably scare anybody into selling(!) Plus, several studies have shown that insider trades, especially sales, have not been a very reliable indicator for a company's prospects. Bottomline, after the conf call tomorrow afternoon, no one wil be talking about insider sales. They will be talking about the tremendous growth AVNX is having and how AVNX will be setting important standards for the FO industry.