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To: isopatch who wrote (85478)	1/27/2001 11:38:30 AM
From: isopatch	Read Replies (1) \| Respond to of 95453

Insider footnote. Good recent buying in some patch and techs stocks. Thanks to Don England for his recent post highlighting same. Iso

To: isopatch who wrote (85478)	1/27/2001 12:23:35 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

isopatch re: Insider Sales & a NG top re: your post <<..."More evidence that insider selling anticipates important tops: In our recent discussion here about 2 weeks ago, Big Bull and I seemed in to be the only 2 strong advocates that important changes in the pattern of open market insider selling can be a very important signal of approaching intermediate and long term tops. >> ...no offense; but "Big Bull and you" were not the "only 2 strong advocates" for insider selling being an early indicator of subsector tops... actually; you two and John Herold were a bit "late" - by a few weeks and about a 20% rollover in the NG E&P stocks/XNG index; as BradR and I were talking about the NG E&P's having topped in that last week of Dec Rally re: Message 15103004 <<To:Brad R. who wrote (83091) From: SliderOnTheBlack Sunday, Dec 31, 2000 12:53 PM View Replies (3) \| Respond to 83126 of 85480 BradR et al - re: Shorting the Nat Gas E&P's/calling a top etc...>> It wasn't just that they (insiders) were selling; it was the depth of the selling and the degree of the selling. We had large, if not nearly complete positions closed out; clearly the message was that the NG E&P's had entered a "perfect confluence" of events that was unlikely to be repeated in what I termed a "Too Perfect Storm". More interesting than making a NG E&P "Top Call" Dec 31st; being literally nearly to the day the XNG rolled over (http://chart.yahoo.com/d?s=^xng) - was that my posts along with BradR's - were naturally met with near unanimous chastisement as the XNG was going straight to the sky & the pom poms were out in all their glory... A little tougher to make a "top call" literally at the peak-top the last week of Dec; than it was 2-3 weeks later after the XNG had tanked 30+ points... as John Herold & the "others" did (VBG)... Of course... just another "terrible call"... PS: jimp ... your techs are up nearly as much as they were down for those who were short (or, for those who went long too early) from 3250 to 2558... I'd be ringing that register as there are more than a few more PMCS's coming down the pike...and it aint profit untill it's in the register... I liked the NAZ trading opp long off of last Aprils crash and rolled out of my Oilpatch stocks as the OSX topped to play it; but I rang the register & took the profits and sat back... the NAZ did go a bit higher thru the summer & the SOX led that move & I traded a bit in a few telcom/cable stocks long without much success; but went short the SOX for a nice trade in Aug & then went short the BTK & tech later in the fall. While a DCB rally into the Fed Cuts is now a reality; given the higher PE valuations here at NAZ 2800 into a sea of earnings & reveneue misses and downgrades AND more importantly, into a slowing US Economy; I'd be ringing the register; as I do not think the Street will continue to pay higher multiples into a slowing economy with lower eps & revenue growth than they did at NAZ 2800 when the economy and eps and revenue growth were hot & still surprising to the upside. This is far from a positive risk vs reward play to hold here imho; quite the opposite actually as there is nothing fundamental driving the move - its pure momenteum . I'm waiting for a shorting opp anytime here. The street is discounting away any eps & revenue downside because of the Fed Cuts - I don't buy that; a true slowing US economy is just beginning to show its hand & the Fed Cuts won't work their way into the economy untill later this year. I'd play Pig here & not chance escaping as a Hog (VBG)... a lot of people watched XTO & others run from $20 to $30, only to rollover right back to $20 here and the "techies" ought to be getting ready for Deja Vu all over again in techland as well... PS S: ... I'd be heeding the "message of the markets" that XOM is sending here. Imo, it's a barometer of "smart Oil money" on how they view the slowing US & then - global economy on commodity prices & demand. Can't have $80 XOM and new highs for the OSX imo.

To: isopatch who wrote (85478)	1/27/2001 3:52:33 PM
From: Tommaso	Read Replies (2) \| Respond to of 95453

I am trying to take insider buying into account in many of my holdings. For example, MVK and PQUE were both mentioned a month or so ago in the Wall Street Journal because of insider purchases. Also GLBL shows purchases. Do you know any way to find out insider action on Canadian stocks? I hold a wide array of small to large E&Ps that are Canadian. Maybe I haven't looked hard enough, but except for those also listed on the NYSE I haven't found that information.