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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (9111)	9/27/1998 3:26:00 AM
From: LTK007	Read Replies (2) \| Respond to of 29382

biz.yahoo.com This is one explosive press release,they better be telling the truth---it will properly be futile to try to buy this one on Monday---rule number one, never buy into something like this with a market order at the open--never---remember ENMD---people got stuck for 85 dollars a share!! Max

To: Ken W who wrote (9111)	9/27/1998 11:28:00 AM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Ken, thanks for bringing NOX into the discussion. I'm going to have to read up on it (g). Large short position makes it even more interesting. Why would they come out with a news release like that on a Saturday ? LOL Be sure to check out GNE news Ken and I thought this article might be of interest to you: Strong Insider Buying At Baker Hughes (BHI) Wednesday, September 23, 1998 Despite the market turmoil, insider trading watcher Richard Cuneo sees a great deal of optimism among corporate executives and directors. One signal of optimism he's watching closely is above-normal "bargain buying," as he says insiders usually buy stock when they think its value, "based on first-hand observations," will increase. Another signal is a lack of selling among insiders. As most stocks are selling at significantly lower prices than before the correction, Cuneo does not expect insiders to sell at normal rates. In fact, if an insider sells in the current environment, he says that deserves serious attention. Cuneo predicts these positive signals will continue. "While knowing that this market is still far from on solid ground," Cuneo says, "we'll take our first of what we expect to be several dips in the buying pool." His first buy in this vein is Baker Hughes (BHI), the world's largest maker of drill bits used in the oil and gas industries. He notes "impressive insider buying" coupled with "strong insider support" at many oil-related firms, saying this could indicate oil players know a rise in oil prices is on its way. Insiders at BHI bought more than 76,000 shares near $27 per share. Cuneo says they bought trying to find the bottom of a falling share price; shares bottomed at $18 in early September and are now gaining upward momentum. "While analysts have certainly pulled down EPS estimates and price targets," Cuneo says, "the basic belief that oil prices will rise again still allows for expectations of share price appreciation over the next 12 months." He bought positions in BHI for his Risk Portfolio. For more on Richard Cuneo's recommendation see "Commentary and Insider Index Rankings," September 16, 1998, Vickers Weekly Insider. Richard Cuneo provides the most up-to-date information on transactions and holdings of corporate officials, significant shareholders and institutions. investools.com