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Technology Stocks : Applied Cellular Technology (ACTC) -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Harvey who wrote (911)	7/7/1998 6:31:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 1062

Hi Dr. This sort of thing happens all the time, last week I must have counted over a dozen class action suits. It pay to be careful and a common denominator seems to include insider transactions were they get options very cheap, and have few restrictions as to how long they have keep the option before they can exercise and sell it. Any history of insider selling as a stock is going to the toilet and I back away. Even if it's legal they obviously don't care about the share holder. I would have a clause in the contract that would limited insiders from selling at any time unless the stock was above its 40 day moving average. If the stock fell below the 40 day moving average no insider sells would be legal happen. Most cooperate VIPs have gotten spoiled and have run option type bonuses into the ground with no regard for the share holders, or the fact the bonus was there to start with as a motive to increase share holder value. So rules about insider selling should be in place that are consistent with that and not the other way around. It's got to were just as soon as some body can worm his way onto a board of directors he starts acting like all the rest. Unless I'm playing blue chips I screen the insiders activity very closely any more. Jim