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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Bill/WA who wrote (2423)	3/22/2001 12:21:29 PM
From: MeDroogies	Read Replies (2) \| Respond to of 74559

True enough, but if you review the buying/selling on the part of all CEO's over the last few years, it is primarily selling, and for good reason. It has nothing to do with their vision of whether the company is doing well or not, it has to do with the expiration of options, the need to diversify, or (in Larry Ellison's case) the desire to have a yacht bigger than Jim Clark (or in Steve Case's situation the desire to own a pineapple farm....????). Selling by top officials such as LE or Case is rarely an indication of much of anything, since neither of them are likely to INCREASE their positions due to the fact that both are already overly weighted in their own companies. In fact, what I would say is that if they were buying, I'd buy in a flash because it means they know something and don't care if they are overweighted (on the other hand, these guys are buying their own stock every day via their options packages). Selling is rarely an indication of much of anything. CEO's, in particular, have to do it frequently.