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

To: Alex MG who wrote (11979)	12/30/1998 1:43:00 AM
From: TraderGreg	Read Replies (2) \| Respond to of 29382

Also noticed alot of insider buying of FLYR Ahh yes. There are many, many things in this world that are subject to debate...religion, economics, politics,morality. Great minds opine on all of these issues, leaving the rest of us often confused as to what is THE right answer. Even in the market, reasonably intelligent people can look at the same set of data and arrive at diametrically opposite conclusions about the same company. For example, Oppenheimer sets a target of $400 for AMZN while Merrill says $50. I would like to think that one of those two analysts is absolutely incompetent. Wouldn't you agree? Even more specific, insider selling often is misinterpreted as doubts about the company, when the reality is that an insider may need tuition money for his kid's expensive prep schools or needs a down payment for a cottage in the Hamptons. However, make no mistake about this: There is no doubt as to the inference that should be drawn from insider buying. It is, my friends, one of the few absolutes that exist...and that is something about which even Oscar the Grouch can agree. TG