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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (11870)12/23/1997 2:26:00 PM
From: Patient Engineer  Read Replies (1) | Respond to of 25960
 
Elroy, Re: Insider Trading

An insider cannot be on both ends of a transaction within 6 months. So if a VP bought on 11/3, then it must have been some other VP who sold on 11/25.

Insiders who bought on 11/3 are in effect saying that they won't sell any shares for six months (to do so would violate SEC regulations). Even if the amount of stock they buy is small, locking themselves out of selling any of their holdings for six months is a significant vote of confidence. If Korea were tanking and other orders were being pushed out, then it would seem unlikely that any insider would handcuff himself from selling.

Time will tell.