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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Cosmo Daisey who wrote (2842)	9/17/1998 12:17:00 PM
From: Peder E. Angvall	Read Replies (1) \| Respond to of 4634

------ Insiders and 5% holders have filed to sell about 2MM shares in the past year. It appears as though the retail buyers have disappeared so the company will be buying shares to try and support the price. August announcments to sell were 87,700 shs which equals $4,385,000 at $5 per share so the feeble attempt to buy back shares is a farce. ----- I think you have an error in your math somewhere. 87,700 x $5 = $438,500. $3.5 million will allow them to buy about 700,000 shares (at $5/share), which is a shade under 2% of the outstanding shares. While 2% sounds impressive, your conclusion is correct since most buybacks never occur and insiders sold 3x that amount over the last year. PA