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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (19686)	8/31/1998 2:42:00 PM
From: Lee	Read Replies (1) \| Respond to of 50167

Hi Tom, >>Re:At significant market bottoms, there is a huge amount of insider buying that occurs--and it goes on for a while before the market turns. Thanks very much for your reply. Not having real time BMI data and mostly relying on fundamentals, I have noticed that there is a pickup in insider buying as of Aug. 28. Don't know if this is what would be considered a huge amount though. But if we discount the affects of global turmoil and just look at basic domestic fundamentals with an eye toward the future, we can only deduce that unless GDP and technology start going backwards, and if we keep hoping that the US consumer stays healthy and employed, then the reasonable guess to make is that there may be some bargains now. Once the mass starts in the positive direction, it's sometimes too swift to catch ride. (e.g. internet stocks recently) Not trying to pick a bottom but some prices look compelling now. <VBG> Some of are good at shopping! <VBG> invest.foxmarketwire.com Insider Buying Large Cap invest.foxmarketwire.com Insider Buying Mid-cap invest.foxmarketwire.com Insider Buying Small Cap Again, jmho Lee Buying Oct 125 bond puts (@27) because; 1- we are really stretched to the upside, 2 - OI declined last Thurs and positions weren't rolled forward, 3- Economic numbers will continue to show strength. Big eco numbers tomorrow and Friday this week.

To: Tom Trader who wrote (19686)	8/31/1998 2:44:00 PM
From: Jenna	Respond to of 50167

Tom in Barrons' there was an article about insider buying. It basically stated that the trailing eight week average ratio of insider sells to buys was a "very bullish" 1.09-to-1, according to Vickers Weekly Insider Report. They went on to say that have been "dramatic" turnarounds in sentiment among some market sectors. Technology, chemicals, paper and forest products, aerospace/defense and energy stocks all have shown big shifts to net insider buying from selling in a very short time...At the other end of the spectrum, corporate officials at retail, broadcasting and television, advertising and newspaper/publishing companies are still selling shares. That is what I thought was the case in the retail sector today. I was inclined to 'try my hand' so to speak but was rebuffed with AOL.. I picked up more S&P puts during the gap up, following my strategy, but even I wasn't prepared for that dramatic a sell-off. I even more gun-shy now and tend to agree with you. I'd rather miss a 2-3 point run up, then lose 10 in a whirlpool of steady falling stock prices.