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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: pass pass who wrote (20399)	11/1/1997 3:55:00 PM
From: mark alan rosenberg	Read Replies (1) \| Respond to of 61433

Where do you want this to tank to? So you can buy into it. Isn't that what you want?

To: pass pass who wrote (20399)	11/1/1997 4:06:00 PM
From: Matthew B.	Read Replies (2) \| Respond to of 61433

I don't think insider selling has much correlation to stock performance. I did some back testing (back till April) with a value based indicator. I checked both insider buying and selling. I found so many insider sales on both companies which did well well and badly (even though the average 30 day gain of the test set was 19%) I gave this up as insignificant. On the buying side I split the groups into purchases within the last 0-3, 4-6, 7-9, and 10-12 months, and those with no buys within this period. The best performing were the 10-12 and no buys. In most cases the price at the indicator signal was below that of the insiders purchases. I can therefore conclude either that insiders in general don't know how to buy for the short term or that there is no significance. Matthew