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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (91903)	7/6/2002 11:08:38 AM
From: Lone Ranger	Read Replies (1) \| Respond to of 99280

George, Would you please elaborate on that insider buying now underway in tech? Thanks.

To: Crimson Ghost who wrote (91903)	7/6/2002 11:11:00 AM
From: Zeev Hed	Respond to of 99280

I think it is positive for a third quarter major run in the sector, insiders are often a little early. As is usual, in the last "flush" the good is being thrown out with the bad (that was the basis for my suggestion that the AUX will not perform well in the last few days of the Nassacre, and by the way, the XAU has retraced a solid 50% of its recent gains, with gold retracing much less, not a bullish sign for gold). The fact that an inordinate number of the "core" stocks got stopped out may indicate that the next phase down might take a lot of good stocks down hard. We are starting to see the "seeds" of the post September (early October?) flush run being sawn. For instance, the dollar might be putting here a temporary bottom, which if it holds through the next wash, will be quite positive for the market in general (and negative for gold, this one must hold $297 on a closing basis if the bull moves is to take it anywhere beyond the target of $330/40). Zeev

To: Crimson Ghost who wrote (91903)	7/6/2002 1:54:16 PM
From: Softechie	Respond to of 99280

George...they're throwing crumbs at you. They sold for way more than what they're buying...10:1 ratio think about that!

To: Crimson Ghost who wrote (91903)	7/6/2002 2:26:58 PM
From: Softechie	Read Replies (1) \| Respond to of 99280

Barrons: Insiders Activity by Sector... Top 10 Purchasers: 1 Consumer Services 2 Energy 3 Miscellaneous/Undesignat 4 Technology 5 Capital Goods 6 Health Care 7 Consumer Non-Durables 8 Finance 9 Public Utilities 10 Transportation Top 10 Sellers: 1 Finance 2 Consumer Services 3 Technology 4 Energy 5 Consumer Durables 6 Health Care 7 Basic Industries 8 Consumer Non-Durables 9 Transportation Top 10 Planned Sales: 1 Consumer Services 2 Technology 3 Health Care 4 Finance 5 Consumer Non-Durables 6 Consumer Durables 7 Capital Goods 8 Energy 9 Basic Industries 10 Public Utilities They're still selling techs left and right...!