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To: kas1 who wrote (7371)3/30/2001 12:43:46 PM
From: chic_hearne  Read Replies (2) | Respond to of 10934
 
Insiders are bilking the public. I don't know how anyone could possibly come to another conclusion.

Near the bottom, check out the chart titled "Insider Activity in Billions"

cross-currents.net



To: kas1 who wrote (7371)3/30/2001 1:25:14 PM
From: John Madarasz  Read Replies (1) | Respond to of 10934
 
O/T The insiders have some privileged information about their businesses and technologies -- but none whatsoever about the market and its prevailing valuations.

I'm sorry, but I will have to beg to differ here... and agree in part with Chic.

Insiders know exactly what they are doing when they issue stock options to themselves at certain prices...when they re-price options in the money... when they do private placements... when they buy back shares to prop the price of the stock to keep their options in the money...when they split their stocks...when they participate in option buying and hedging to protect the price of the stock and on and on.

I'm not saying that insiders aren't victims of an unpredictable market as well as common share holders, but to contend that they have no sense of privlege regarding the valuations of their stock is somewhat naive.

As a stock specific case here, all I've seen in this issue is insiders exercising options and selling since May of last year...not one purchase on the open market. I'd say that's pretty forward looking and predictive.

The fact remains that a study of insider practices regarding the issuance, buying, and selling, of stock and options reflects some fundamental sense of the company, and the intermediate price of the stock and direction of the market, which will effect same.

This isn't an attack on the company per sey, but rather the offering of some information which might be of help in determining the future value of this stock.

Thanks for your thoughts.

JM