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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?


To: Justin Pressley who wrote (5321)11/3/1997 10:25:00 PM
From: Jon Tara  Read Replies (3) | Respond to of 13925
 
Justin, the ex-insiders who have been selling their holdings are entrepenuers, not investors. Presumably, they need the money for another venture. I see nothing unusual about this at all.

Sure, they might hold on and make more, but then they would be sitting on their hands otherwise.

Also, realize that large amounts of stock take time to unload. You can't just dump it at the top. If you are smart, you will dump it INTO the top. If you wait for the top, you are going to dump it into the bottom. :)



To: Justin Pressley who wrote (5321)11/4/1997 12:05:00 AM
From: Richard Haugland  Read Replies (1) | Respond to of 13925
 
Yes, to buy low on the Singapore market is the only reason it could be besides revenge.

Since they have been selling constantly from CREAF at <$10 and for over a year, it seems unlikely that the relative decline of the Singapore dollar is the reason. I remember it having been posted that one of the owners is because of some revenge/dislike but the other is not. I assume the basis of the former owners is <$1 anyway so they probably don't care too much what they are getting for thier shares.