To: american dreamer who wrote (644 ) 12/19/1998 11:44:00 PM From: Jeffrey L. Henken Respond to of 939
Don't forget to diversify. I also am bottom fishing in oil industry. GTII is a great buy in my eyes for lots of reasons. There has been lots of insider buying in the oil industry lately. I found this at CDA Investnet: INPUT/OUTPUT INC. - IO -- Late last-year's insider sales at Input/Output Inc., at prices just off 52-week highs, sent signals quite contrary to analyst opinions. Few predicted the troubles that would soon face the oil services-fewer still the severity and duration. Indeed, even with the trouble underway, many held out that high tech service providers-in the case of IO, seismic equipment-might be spared. Having proved themselves rather prescient sellers in mid '96, IO insiders were once again on target. Apparently, they are bucking the insider trend no more. From September 18 through October 15, five insiders purchased a total of 97,918 shares at prices ranging from $6.31 to $9.25 per share. Accounting for much of the accumulation, President Axel Sigmar purchased 90,000 shares. Interestingly, for Mr. Sigmar's, a seller in '96, his 10,000 share purchase in July was his first since filing in '92. Chairman Whitney Zeringue, a relatively recent filer, picked up 4,618 shares. Rounding out the activity VP, CFO Gay Mayeux purchased 2,000 shares, while VP Christian Wolfe and William Wallace purchased 1,000 and 300 shares, respectively. It is worth considering, that with the exception of Mr. Sigmar, these insiders are relatively recent filers with the company. That said, we have witnessed an increasingly persistent wave of insider accumulation across the oil and oil service sector; insiders at Input/Output may be joining those calling a bottom to the prolonged sell-off. IO is a designer and manufacturer of seismic data acquisition products used across land, transition zone and marine environments. cda.com Diversify with a potentially hot E Commerce play in RDIM and maybe some GTII for a longer term winner in the undervalued oil service industry. Regards, Jeff