Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: pass pass who wrote (35091)	2/17/1998 1:08:00 AM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

Thank you for the insider selling report. I think it's very important. The insiders often sell at a local maximum coincidentally. Pass Pass, I think a good argument can be made that the relative dearth of insider trading this February suggests that insiders anticipate a significant rally. Here is a list of net selling during this and prior open windows: Window Net Shares Sold Feb-Mar. 1998 76,693 (so far) Oct-Nov. 1997 479,555 Feb-Mar. 1997 646,193 (just before CSCC merger) Oct-Nov. 1996 695,353 Jul-Aug. 1996 249,829 Of the above selling windows, the second lowest net amount of shares sold occurred in Jul-Aug. 1996. At the end of that window, ASND closed at about 52. After this July-Aug. 1996 window, ASND rose from 52 to near 70 by the next selling window in Oct-Nov 1996 and to 80 by January, 1997. Of the above selling windows, the lowest net amount of shares sold (at least so far) occurred in Feb. 1998. If the actual selling remains anywhere near the current 77,000 figure (or even below 250,000 shares), that would seem to be very positive news (as I think that limited selling is the next best thing to actual buying). Gary Korn P.S. Source is insidertrader.com (requires password)