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Technology Stocks : NTN Communications, worth 185 million? -- Ignore unavailable to you. Want to Upgrade?

To: JAMES F. CLASPILL III who wrote (1792)	12/14/1997 7:12:00 PM
From: dwight vickers	Read Replies (2) \| Respond to of 2985

I thought I recognized his name. The filing shows he held no prior stock. Possibly he holds in other accounts. If he bought knowing what Sokol was doing with the financing then he doesn't understand discounted converts. If he does and bought, his timing if not his judgement is in question. Other employees buying stock who don't have to file, would not be meaningful. They are the last to know what's going on, usually. High level officers, Sokol, CEO, CFO, COO, VP types are considered to be "in the know", which is why they have to file. Directors should know, but don't always. The last annual meeting I was at the VP-Finance had to explain to an elderly director what a chat board was after he overheard the VP-Finance and I discussing that company's SI board. One of the investing issues I am most familiar with is insider buying and selling. Been following it for 20 years in detail. The fact that Sokol bought in the open market at $3 or so (memory) should be warning enough that buying by insiders isn't enough to make a stock a value. The fundamentals need to be right. The insiders should be buying large quantities, and buying as a group. And key insiders should have a track record of good market timing. Klosterman's buy is certainly not negative, but positive would be premature. Keep in mind that Sokol warned of 144's (insider intentions to sell) in the conference call. Dwight