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Technology Stocks : Network Appliance -- Ignore unavailable to you. Want to Upgrade?

To: kas1 who wrote (8566)	6/26/2001 9:54:53 AM
From: John Madarasz	Respond to of 10934

the discomforting truth is they know as little as you and I know. I don't think it's discomfort...I think that's denial. We've been araound and around here about the insider activity, so it's not really worth it to rehash the whole thing... but suffice to say that any retail shareholder that followed the rampant, across the board, insider selling leading up to the top in the nasdaq would be far wealthier now than if they had dismissed that same selling as trivial. The same goes for the recent lower high, which marked continued unloading across the board by insiders... en masse. These people understand the current business environment far more than the average retail shareholder. I'll believe SB's rationale, it's good thinking. Mendoza converted alot of options that were granted him, and needed to sell stock to pay the taxes. Nevertheless, it's rampant, wildly excessive insider selling here, and it's no different than anywhere else. It's dilution, and the buy and hold retail shareholder bears the brunt of it. I doubt Tom Mendoza is guessing about the stacks of bills customers owe the company, or the inventory that they can't move, or the clients who are holding off on orders in Europe, or the excessive costs incurred while exporting product because of the stronger dollar. He knows a lot more than you or me about big business, and Network Appliances business specifically; and when I see lots of 144's piling up, and options being converted into market strength, and IPO's pouring into the market at record pace while the gettins good, it tells me that an intermediate top in prices might be close at hand. It's only common sense.