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To: jarvis henkle who wrote (220)7/29/1998 10:43:00 PM
From: Jerry Salem  Respond to of 1285
 
That move was the _anticipation_ of the lock-up ending. Also
general down market. Most employees haven't held for a year so
tax bite would hurt. Senior execs sell - they have many orders of magnitude times the number of shares of other employees and they _should_ take some profits.

- Jerry



To: jarvis henkle who wrote (220)7/29/1998 11:35:00 PM
From: GuitarMan  Read Replies (1) | Respond to of 1285
 
Officers have been selling since May. They all need to file 144 forms before they sell. Which particular lock up are you refering to ? The post quarter end lock up ? The volume is way to high for that.
Looks like a major fund getting out.

- Mark


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