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Technology Stocks : MetaCreations (MCRE) - Detailed Goo in a Soapy Dream -- Ignore unavailable to you. Want to Upgrade?


To: Damon Pham who wrote (365)11/21/1997 1:11:00 PM
From: shahn  Read Replies (1) | Respond to of 846
 
Damon, thanks for the 'due diligence' to post these,
but arent they almost all sales made in October, which would
be only natural profit taking given the run up around
then based in good expectations in the quarterly (as
far as I recall now), which does not seem to me too
significant. The exception is

FORM 144

ISSUER: METACREATIONS CORP.
SYMBOL: MCRE

FILER: ZIMMER MARK ALLAN
TITLE: Affiliated Person
BROKER: UNTERBERG HARRIS
SHARES REGISTERED: 25,000 DATE REGISTERED: 11/14/97

which is a registration of possible intent to sell by
an afiliated person. This can be read both ways; that the
stock might be about to tank and he wants to get out and
equaly well that the stock is about to jump and he wants
to have his registration in in good time. This is -- for me
at least -- always the problem with interpreting this kind
of insider selling data (insider buying is another story
-- always positive).

Well, I'm no expert. What do you make of this data then?
Personally, I recently doubled my position on the weakness
at 13 7/8, but not based on any new facts just faith.

Happy trading

Shahn



To: Damon Pham who wrote (365)11/24/1997 1:05:00 AM
From: earthling  Read Replies (2) | Respond to of 846
 
Regarding the registration of 25,000 sales by Zimmer: he is the founder of Fractal, and after the merger he owned 465,000 shares of MCRE. This is only about 1/20th of his stake and therefore is not significant. It's not as though he were bailing out or anything. As for the other sellers, the 10/28 to 10/31 dates of the sales indicate a probable relation to the stock market scare that week rather than to some kind of company problems emerging.So I don't think these tea leaves say anything about MCRE pro or con.