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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?


To: Neil Kochar who wrote (14522)2/16/2001 12:56:55 PM
From: Dave O.  Respond to of 14631
 
< Here are the insiders trading (for 2001) reported. Agreed that the number may not be that big but there is not a single buy. >

First, some of the trades you cite are from December 2000 and were likely tax loss selling. The range of trades went from a low of $3 per share up to a high of $7.46. The biggest sale of 20,000 shares was some genius who sold at $5/share, and we're at 7 1/4 today with the continued weakness in the NASDAQ so that guy cost himself another $45,000. The total shares sold in what you posted was under $50,000 shares. Some retail investors likely hold that many shares. If not mistaken, IFMX closed 2000 at around 2 7/8 so it's up 150% YTD.



To: Neil Kochar who wrote (14522)2/17/2001 7:50:19 AM
From: SemiBull  Respond to of 14631
 
"...number may not be that big but there is not a single buy"

While I agree insider buying is a bullish data point, insider selling is not typically viewed as such, particularly with at these small numbers.



To: Neil Kochar who wrote (14522)2/17/2001 1:21:11 PM
From: go4it  Read Replies (1) | Respond to of 14631
 
Yes, I agree they are all sells but the trust is probably the same thing that I have been dealing with for over 2 years now which is the required liquidation of an estate holding. I have always been one of those glass is half full type of people where I won't even think about sales until I see the all the company officers on the list.

Do me a favor and educate me on something if you can. Why does a shareholder file for insider trading? I have never understood that since many of them don't have that many shares in their holdings.