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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS -- Ignore unavailable to you. Want to Upgrade?

To: Cavalry who wrote (294)	9/12/1998 10:00:00 PM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 1637

>dont agree about your pick minimal insider buys, look in january that was insider buying right before run up,< I'm not certain I'm following you here. What I am saying is that insider buying throughout the market has been higher than it has been in over three years. I brought CNC to your attention as an example of heavy insider buying in a stock that has fallen not just due to market conditions but also because a recent merger under whelmed investors. My point is simply this: Insider buying this heavy is a strong indicator that this correction has brought stocks down to a much more reasonable valuation level. Last week I posted CPU on the InvestRight thread due to the heavy insider buying alone. Up 33% in one week. True it's not the only indicator an investor should use to determine when making a purchase of any stock. I agree so much with you on that one that I only purchase one out of hundreds of companies that I see posted at one of these sites. Furthermore even if there is strong insider buying I am absolutely opposed to buying any stock based on that alone. There is a whole of information available on the internet and believe me I am not opposed to picking up the phone to talk to company officials before I ever lay out a penny. The sad truth is that insiders are often early. They often make mistakes just like we do. Sometimes when I make the phone calls to uncover as much information as possible I too have found myself too close to my investments. No one should ever marry a stock because of it's supposed potential. I have found that when one talks to a company official you often hear just what they want you to hear and not what you need to hear to invest smart. Still I prefer asking the questions to not asking. Anyway I think this is an interesting investment concept and it may end up being pretty successful for you especially since the market as a whole is now at least fairly valued. As I said I would hate to be short on anything right now. Thanks for the URL. I've had Wall Street City bookmarked for a while but not that particular spot. It's bookmarked now. InvestRight Regards, Jeff