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To: Kirk © who wrote (7261)11/28/2002 5:00:11 AM
From: zonder  Read Replies (1) | Respond to of 95515
 
You seem to believe selling the stock you have in your hand because you feel its price has overshot, so that you can buy it later at a lower price, is somehow a "bet against a company". It is not.

Management of a company can buy AND SELL its stock. It is legal, as long as proper disclosures are done. There is nothing wrong with it. Really. It is not sinister, it does not have to show "ganging up" or anything. You buy a share because it is undervalued, you sell it because it is overvalued, and you buy it again when its price drops back. This has nothing to do with "betting against the company".

It doesn't matter, let's just drop it.