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To: Burt who wrote (1232)3/30/1998 3:49:00 PM
From: Jamoui  Read Replies (1) | Respond to of 1472
 
Burt
I am personally not too concerned with these smaller trades by these officers. I can't find any of them that sold above 50 and very few above $45. Glen Myers sold 2000@$36 on 8/14 and John Watkins sold 4735 @ $38.63 on 7/29--all before the last run to $54 last September.
Their shares are coming out in very small amounts at somewhat regular intervals and modest prices overall. I would think differently if they started unloading 20,000 share blocks, however.
In the big scheme of things it's the big volume boys I am trying to get a grasp of. Today 275,000 shares changed and back to even as of this letter. Something different is going on here. We kind of gapped up from 16,000 shares to 123,000 to 275,000 shares. We are not seeing the price erosion at this point, anyway.
What if it was some of the "Funds" that were short against the box rather than Intel and gang? Intel sold it's shares in December--They would have to report a change in their short position by Jan. 15th. However, the 200,000 share drop in short interest wasn't until Februarys' short data--not Januarys'. Although I'm not quite sure if it makes sense for the Funds to be shorting the box, why not just sell on the market?
Anyway, I really hope we are at the bottom right now.
Bill



To: Burt who wrote (1232)3/30/1998 6:41:00 PM
From: Jamoui  Read Replies (1) | Respond to of 1472
 
Burt -You were a lot closer to the truth than I was---I guess that might be a fault of mine- trying to find hope in a den of snakes.
This is in your arena now---Do we have reasonable grounds for a lawsuit given all the angles they seemed to have played at their shareholders expense. And I mean big expense. If you want to respond and use E-mail, let me know.
Bill