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To: hihopes who wrote (1267)	9/22/1998 5:26:00 PM
From: Walter Morton	Respond to of 5541

I don't know what "lock-up" means, but this is an example of "sell-side": biz.yahoo.com When everybody starts selling the price goes down: tradepbs.com

To: hihopes who wrote (1267)	9/22/1998 5:39:00 PM
From: zookeeper	Read Replies (1) \| Respond to of 5541

"lock-up" agreements are often given by holders of stock as part of deals such as initial public offerings or mergers. These agreements prevent the stock holders from selling their holdings for a specific period of time. They often show up in bunches, as they tend to expire at the same time for more than one party. "sell side" is just the people who are trying to sell stock as opposed to the "buy side", and large shareholders filing 144's could mean that there will be more sellers in the near future, assuming they actually do sell, which is often not the case. There are an infinite number of reasons that people have for selling stock that have nothing to do with the company, but if multiple 144's from insiders are filed at around the same time, it is often interpreted by the public as a lack of faith in the company by its insiders, and therefore can lead to a decline in stock price.