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To: Zophia T. who wrote (246)2/9/1999 9:59:00 AM
From: Diamond Jim  Read Replies (1) | Respond to of 264
 
Zophia,

Wouldn't you rather see some buying on insiders? If it's going to $5 - $10(your numbers, not mine), then why don't we see insiders buying.
As for all of those on the list being pending sales, I don't believe that is a fact.

jim



To: Zophia T. who wrote (246)2/12/1999 3:04:00 PM
From: Diamond Jim  Read Replies (1) | Respond to of 264
 
Criteria met, a person may file a Form 144 with the SEC giving notice of their intent to sell a specified number of unregistered shares within the next three months. The Form 144 does not commit the filer to sell the shares indicated on the Form within three months, but if they aren't, the Form 144 must be amended.

Typically, the shares indicated on a Form 144 have probably already been sold by the time you see the document. If the seller is an insider, they may actually file the Form 144 and Form 4 sale at the same time. This makes sense. After all, why would the holder go through the paperwork of a Form 144 unless they were ready to pull the trigger? In any case, Form 144s still indicate that somebody has, or is expected to, sell shares. That's useful information to at least keep in the back of you mind when researching a new investment idea, or following a stock you own