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To: SliderOnTheBlack who wrote (26513)	7/25/1998 3:04:00 PM
From: Richard D	Respond to of 95453

Slider, PTEN executives sold at high prices last winter. They were pretty smart. Now PTEN insiders have been buying in May, June, and July. The buys aren't as big as the lots you speak of, but qualitatively, you don't buy back your company stock unless you know it's a good deal. The insider has lost a little due to volatility, but he knows what's under the hood on this hotrod. Raymond James seems particularly hot on this stock as well, from reports of people who use them as brokers. It's a mixed bag in the OSX, but the baby is being thrown out with the bath water. Other companies have exposure in Nigeria and other OPEC countries and may be limited by quotas (as well as civil unrest, like Nigeria.) So you need to be company specific when you speak of insider selling/buying. Richard

To: SliderOnTheBlack who wrote (26513)	7/25/1998 3:15:00 PM
From: sand wedge	Read Replies (1) \| Respond to of 95453

Slider, There were a number of posts specifically discussing FGII insider trading when it happened. Read the thread.

To: SliderOnTheBlack who wrote (26513)	7/25/1998 4:05:00 PM
From: Bolder	Read Replies (1) \| Respond to of 95453

Slider, FGII insider sales ----- I think that the 800,000 shs which you said Hollloway (CEO) sold in April included a Planned Sale (144) of 400,000 shs. An insider must file a Form 144 which is a notice of a proposed sale but this is not an actual sale. Thus, I believe you mistakenly double-counted the April #'s. Also, Holloway did sell 1,962,271 shs in July, 1997 at a price of $15.81/sh so that was before the stock went up in price to as high as 48 in Nov. 1997 with the stock price declining to 20 in Jan. 1998 and subsequently rebounding to 44 in May and then again selling off to Friday's closing price of 23 1/2--- anyway, I do agree with you that tracking insider transactions is very important.