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To: StaggerLee who wrote (4657)4/19/1998 3:25:00 AM
From: Marc Newman  Respond to of 14266
 
Stagger, aren't insiders prohibited from buying stock in their own company if they have sold in the last six months? Believe I read that this is the case. Therefore, if one expects to be a net seller (ie, ifoptions are a good part of one's compensation, one needs to buy a house, diversify, etc.), one will almost never buy or be allowed to buy.

Insider buying would be a good sign but lack of it is not a bad sign.

Insiders haven't purchased any Apple or Yahoo this year, have they? How about Microsoft? How are those shares doing, ytd?

Marc



To: StaggerLee who wrote (4657)4/19/1998 8:34:00 PM
From: Steve Hufnagle  Respond to of 14266
 
Timing of insider selling does not always mean the share price will be going down. I believe selling can take place when it is least likely to affect shareholders perception of the company.
It must also be viewed in reference to total shares owned and the total shares outstanding.
If a stock is a beaten down stock small cap stock then I think insider buying could be more of an important indicator.
I have seen lots of stocks go up big time without any changes in insider buying.



To: StaggerLee who wrote (4657)4/19/1998 10:09:00 PM
From: Eugenio Draschner  Read Replies (2) | Respond to of 14266
 
You have got to be, without a doubt, the worst stockpicker I know... and
I know some doozies!! How do you do it? What's your secret? In the bull market
of the century, how can you possibly get eight out of ten dead wrong? Your
consistency is also remarkable... whether you go long or you go short,
"treats" turn into disasters. You are the "Earthquake", "Towering Inferno",
"Poseidon Adventure", "Airport" and "Titanic" of the stock investment
world, all rolled into one. The waters of disastrous stockpicking you are
traveling are truly unchartered. My hats off to you Stagger Lee. In a world
dominated by mediocre and the unremarkable you are the exception. Living proof
that with effort, patience, and an unrelenting desire, we too can reach the
abysmal depths of absolute, total and complete failure. All one has to do to
see the totality of your errors, is to filp your long and short positions
around. Do that and you are handily ahead of the roaring bull. May your
inspiring streak of disastrous picks continue for the liquidity you are providing the
markets is a great and selfless act of love towards your fellow investors.
On behalf of all of us investors who have decided to make money instead of
giving it away, thank you for your generosity.

SP500 15.69%
SOL500 -23.50%
Difference 39.19%

Price Price
on on Current
Ticker Recomm 12/31/97 Investment Shares 4/17/98 Value Gain/Loss Return
IIVI Long 23.75 $1,000 42.1 18.5 $778.95 ($221.05) -22.11%
WTT Long 6.625 $1,000 150.9 5.8125 $877.36 ($122.64) -12.26%
ADMG Long 3.375 $1,000 296.3 2.96875 $879.63 ($120.37) -12.04%
TLDCF Long 19 $1,000 52.6 13.75 $723.68 ($276.32) -27.63%
FSCNY Long 4.375 $1,000 228.6 5.375 $1,228.57 $228.57 22.86%
EGRP Short 23 $1,000 43.5 22.5625 $980.98 $19.02 1.90%
YHOO Short 66 $1,000 15.2 121.5 $1,840.91 ($840.91) -84.09%
ONSL Short 17 $1,000 58.8 28.375 $1,669.12 ($669.12) -66.91%
THQI Short 22.5 $1,000 44.4 28 $1,244.44 ($244.44) -24.44%
MCOM Short 9.75 $1,000 102.6 10.75 $1,102.56 ($102.56) -10.26%
PORTFOLIO $10,000 ($2,350) -23.50%
SP500 970.43 $10,000 10.3 1122.72 $11,569.30 $1,569.30 15.69%