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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (3032)	9/15/2002 5:36:50 PM
From: Demosthenes	Read Replies (2) \| Respond to of 25522

<<Interesting how the analysis I posted on SOX insider activity in August got an irate response from the bulls. It's another shred of evidence that this bear is far from over.>> So you predict market trends based on the degree of emotional response from people who disagree with you. That's facinating. I wonder why I never thought of that before? It's clear we all have much to learn from you. I'd still like to know how those insiders are going to sell below the market price. When you sold INTC did you sell above the market price? Is that why your trading results are so good? D

To: Steve Lee who wrote (3032)	9/15/2002 6:15:57 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Funny how you fail to mention the sell-to-buy ratio was at its lowest point in four years. I suppose data is meaningless unless it fulfills your agenda. Semiconductor insiders bought $3.6 million worth of stock in August, the most since executives purchased $11 million worth of stock in November 2001, according to preliminary data from Thomson Financial. The late summer buying put the sector's monthly sell-to-buy ratio at its lowest point in four years. Message 17990498

To: Steve Lee who wrote (3032)	9/15/2002 6:33:48 PM
From: Lizzie Tudor	Respond to of 25522

It turns out that the insiders in the SOX were dumping more than twice as much as they were buying in August. Its all relative, really. Starting this summer there has been more technology buying by insiders (in total, not just chips) than at least the last 10 years ... and that is as long as anyone has kept track of this statistic. Just by virtue of stock options compensation, there is always going to be more selling in total than buying in technology- the deck is stacked against buying fundamentally, why ignore this fact? Valuations for many tech sectors are also at 1990 recession levels, despite claims to the contrary by technology bears. Lizzie