To: Steve Pick who wrote (83 ) 7/19/1998 7:56:00 PM From: Rob LeVine Read Replies (1) | Respond to of 140
Steve, I can't comment on what people refer to as market manipulation. I just look at the fundamentals and I figure that, given time, the stock will find its way to the correct place (that would be UP in this case). As for insider selling, please don't lose sight of what percentage of how many insiders are selling rather than just the raw numbers (i.e, make sure you aren't getting disoriented by a blip on the radar screen). In this case, Mr. Boeckmann has been selling since at least last September when the stock was at 2.25. I would assume he has to wait until there are enough buyers to gobble up his 400K before he can sell it. Also, you have to take into account that this stock not too long ago was well below $1. Which means you could pick up 400K shares pretty darned cheap. It's not like buying/selling 400K shares of Wells Fargo or Microsoft. The guy I got the information from owns over 125K of stock and he just a work-a-day guy who belongs to my health club (he doesn't work for AlpNet). Not that I believe their theories always, but I think the Motley Fools said it best in their book: "Insiders have their wealth tied up in their own company stock...Selling their stock is their way of getting rich, and in many cases they've worked hard as hell to earn it. So next time someone points out to you that one of your stocks's insiders are bailing left and right, ignore this person. Insider sales occur about ten times more often than insider buys, and are only in the very rarest situations cause for concern (e.g., multiple insiders sell out all or most of their positions in one pop, at about the same time)." I hope this helps or at least...doesn't annoy. - Rob