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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Dolfan who wrote (20810)	9/16/2002 6:59:03 PM
From: sylvester80	Read Replies (1) \| Respond to of 21876

Look at Nortel insiders. They have been buying since $5 with a lot of buying at $2 and $1.50. They are all underwater. IMO, insider buying is more of way to try and show some confidence so that the stock does not stay below $1 for 30+ days which will warrant delisting. Based on the amounts they are investing versus the amounts they have and are being paid, current insider trading means nothing. When you see $300-500 million dollars of insider trading then you got something. But both Lucent and Nortel insiders have taken LU and NT shareholders to the cleaners during the past 2 years so the amount they are investing down here is #1 peanuts and #2 prolongs their ability to keep pulling salary from the company. JMHO.

To: Dolfan who wrote (20810)	9/17/2002 9:28:40 AM
From: telecomguy	Respond to of 21876

nobody really knows how the market values price from day to day, week to week, month to month. If insiders were always right, all you would have to do is copy every move they make (buy or sell) and presumably you would always beat the market. Is this true? NO! In fact one can argue that the insiders are even more biased because they could be purchasing for number of fundamentally unrelated reasons (PR, politics, tax reasons, and lastly -- over confidence in their own company/ability..)