To: Boplicity who wrote (3431 ) 8/27/2001 10:11:47 AM From: im a survivor Read Replies (1) | Respond to INSIDERS still buying GEMS.........this is a company that has been around 35+ years....used to own the paging market. Recently they got killed by the economy and technology sector. They re-organized, and moved offices from charlotte to atlanta......always profitable until their last earnings report, which is also when they announced their re-structuring and business plan for the future. If you look at insider buys and sells...insiders have been buying from $3- $4, all the way down to the last week or two, well under $1........I keep asking myself, why would insider who already hold boatloads of stock, be buying more at lower, and lower prices.....unless they were either stupid or really truly felt they were going to survive and suceed. management is not stupid, that much i know......so, do they know business is looking good for the future and are loading up now because they know eventually it will show in the numbers, and therfor a hopeful recovery in stock price?? Company has deals with Qcom and many other big names.....all my dd, shows a broken stock....nothing is screaming at me to buy more at this price, except I keep seeing insider buying, which always intrigues me, and my guess is if the stock continues to drop, we will see ceo doggett, who last bought at I think $1.40 or so....probably buy more...he bought in the $3's and the mid $1's, and this was right before and after the earnings bomb...other insiders were buying also....and continue to do so.........am I missing something here......would love to triple down on my shares at a super low price, but not if she is going to get lower and lower and lower.......But I tell ya...I look around, and mostly what I see is insider selling...not much insider buying....the stock buy back plans implemented by AOL, SUNW and etc, show me that management has confidence that their stock represents a good investement, but when the insiders themselves are buying, it always intrigues me...especially so on this once wall street darling that is now at an all time low........opinions anyone......I hae open orders in for more jdsu.....atml at 7.50, fdry and extr at $10 and $12.....looking at a few others........
