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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (4502)	8/29/2001 4:28:00 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 33421

Hi John, Re: it's disturbing to see the very low levels of insider buying and the very high levels of insider selling that is still occurring. While I'm not terribly disturbed by this any longer (it's hard to not get bored with the process), I do feel intuitively that until we see some sort of a groupthink move by the executive suite to scoop up bargain equities in the public markets, that it's just dang foolishness for the rest of us to try to front-run the day of decision of those who actually have a clue as what's coming down the pike. If I were following my gut, I'd say being on the short side of things is still the place to be. And might well be for a while, as you muse. Undervalued assets in this market? I'm not seeing a one. This is still a "bigger fool" market, not a value market. IMHO, Ray