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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?


To: Ben Antanaitis who wrote (4288)11/17/1998 8:00:00 PM
From: Steven Messina,L.M.T.  Respond to of 10072
 
Re: Insider purchase of IOM stock

Yes, I too saw the CNBC 10 second bit with Maria Bartoromo (love those lips) and someone from the WSJ.

The gentleman she was speaking with stated something to the effect of "The President seemed somewhat in a hurry to purchase $1mil in stock when the stock was in the $5 range....<goes on to say>...the last time he sold at near the top".

Now, I take this as positive, although the 10 second clip ended there with no further discussion. It's a clif hanger. If the Pres and other insiders of IOM all sold near the "top" (and they are in "the know", then would it be safe to say that their purchase at the $5 range was an "in the know" play as well? I mean, he didnt purchase IOM at $2.75 or anything.

This should be considered quite bullish. I dont subscribe to the WSJ, but I'm certain someone here will post the article or post a link to it on the net.

Long IOM at 8 5/8ths and again at 7 15/16ths

Boi



To: Ben Antanaitis who wrote (4288)11/17/1998 8:04:00 PM
From: Gottfried  Read Replies (2) | Respond to of 10072
 
Ben, Sept - Oct insider trading is on Yahoo. Briscoe bought $1M worth. Is this old news?
biz.yahoo.com

G.