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Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?


To: David Lawrence who wrote (4099)5/5/2002 12:23:49 PM
From: Outer-limits  Read Replies (1) | Respond to of 4710
 
Saw this article on the CNBC site.

Of the 20 worst performers in the S&P in the last 12 months, we note that eight of them have recent insider buying:

Companies with insider buying
Company Ticker % decline 4/30/01-4/30/02
Qwest Q -88
WorldCom WCOM -87
Vitesse VTSS -83
EMC EMC -77
Dynegy DYN -76
Solectron SLR -72
Gateway GTW -70
Mirant MIR -70


We like them as a group, and we accordingly will be buying them. Four -- Mirant, Solectron, EMC and Dynegy -- not only have insider buying but have announced buybacks. Thus, according to our statistical studies they are buys on three separate systems: buybacks, reversion to mean and insider purchases. We’ll be buying double quantities of these, with the exception of Dynegy, as it rose 30% on Tuesday.

<Finally, some solid positive news for a change!!>