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To: jttmab who wrote (4480)6/20/1998 9:58:00 AM
From: jttmab  Read Replies (1) | Respond to of 16960
 
Karin, et al.,

Continuation of previous post....

As a delayed thought I pulled up insider trading on MSFT.

biz.yahoo.com

Note that there hasn't been an insider buy since July '97. Where Bill Gates acquired 1,519 shares! Perhaps, he needed to round his holdings to the nearest million...

Or take a look at biz.yahoo.com

A number of proposed sales, but not any actuals. I'll assume that you know what the Creative Labs chart looks like....

If you're not convinced yet on the lack of correlation between insider trading and share value. Try picking a sampling of stocks that have gone up and gone down and compare them with the insider trades....

Best Regards,
Jim



To: jttmab who wrote (4480)6/21/1998 3:16:00 AM
From: Piranha  Read Replies (1) | Respond to of 16960
 
<< 2.There is no correlation between insider sales and the share value on the day of the sale or the days immediately following the sale. >>

On a related note, I have had the finance people at my company (who were working on forecasts) recommend that we all short the hell out of our company before they announced 1Q earnings, expecting a big drop. What happened? Unchanged. Maybe up a little. So much for insiders knowing the inside story. Maybe they're human just like the rest of us....

Piranha