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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (34677)	3/26/2001 4:33:52 PM
From: im a survivor	Respond to of 65232

<<Keith according to Yahoo GEMS is trading BELOW BOOK VALUE!!!!! Freeus >> I know.....maybe that helps explain why the ceo and vp have been buying on the open market very recently. Thats as good an indicator I know of on a stock.....certainly it doesnt mean a stock will rise, I mean, I laughed when I heard weatherall was buying cmgi in the 30's and 20's I think...when I figured it would be available under $10 and maybe $5, which it is...and maybe under $1, who knows........but my personal opinion is DW did that simply as a ploy to try and regain interest in cmgi....i dont think he did that because he foresee's a bright future for cmgi, although I can't say that for sure...just my opinion....but in cases like gems.......profitable, large institutional holdings....little debt, low pe...high growth, which could explode.....I think the ceo and VP buying send a very clear picture.....they arent doing this as a ploy to gain interest in GEMS, they are buying because they see tremendous value and they have the best knowledge of anybody as to how their future looks......yep, knowing what I know...looking at their numbers, news and etc....seeing insiders buying...and yes, below book value, makes me feel very comfortable buying this company for $2 or $3......I also think it would be nice for some other tech beaten downs to initiate share buy backs and give a little confidence to people.......aol is doing a huge share buy back as is sunw.....I think it certainly helps build confidence when investors see companies buying their own stock....as long as the numbers indicate it's a wise move, as I think it is for aol and sunw, but was not for cmgi in the 30's <ggg>......... Thanks freeus......gems trading below book value.....NICE !!