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Biotech / Medical : SAFESKIN -- Ignore unavailable to you. Want to Upgrade?

To: Robert G. Harrell who wrote (683)	3/12/1999 11:24:00 AM
From: moat	Read Replies (1) \| Respond to of 828

The strange thing is one insider bought shares (over $4M) in Nov/98: 23-Nov-98 JAFFE IRVING T Bought (P) 75,400 (i) Common 21.23 $1,600,741 20-Nov-98 JAFFE IRVING T Bought (P) 120,000 (i) Common 22.62 - 23.01 $2,722,200 18-Nov-98 JAFFE IRVING T Bought (P) 2,000 (i) Common 21.50 $43,000 02-Nov-98 JAFFE IRVING T Bought (P) 2,000 (i) Common 12.31 - 23.31 $31,659 For a total of over $4M on the open market. Irving Jaffe (founder, director, x-CEO) is the father of the current CEO (Richard Jaffe).

To: Robert G. Harrell who wrote (683)	3/12/1999 2:29:00 PM
From: Wheats	Respond to of 828

Robert, I did about the same you did; bought 2000S on Wed @ 18 1/16, sold half about an hour later @ 19 1/2 after the upgrade. I knew something was wrong though at the close when it ended at 18, after an upgrade yet -- very unusual. It opened higher yesterday which was the last opportunity to exit, I was too busy and I guess was hoping for the best. This morning, I bought 2000S @ 8 1/8 which brings my average around 11, not bad considering it is now 9 7/8. I really thought it would open around 11 - 12, and was amazed it tanked as much as it did since it was in the low 20's just a week ago. If the shortfall had been disclosed before the leak, we would probably be around 13 now. I find it very interesting the CEO bought on the open market in the 20's several months ago. Does it make anyone feel better? So where do we go from here? It's probably dead money for 3 months, but will recover eventually -- within 18 months to at least the 20's. Looks like a good risk / reward bet at this point. While the news was awful, things could have been worse; at least there is no loss, at the moment. I found it interesting on the sugar coating statements that business is good; doesn't look like they fooled anyone on this considering the price of the stock. What kind of idiots to they think we are? My biggest beef: the leak which was ongoing for about a week, they should have prereleased much earlier, like before we bought in. Many are ticked off, myself included, but don't do something stupid like sell everything at the bottom. Do what's best for yourself; you do not hurt the CEO or management by unloading now. Only unload if you think the company is finished, I don't think it is though -- look at a 5 year chart and you will see similar patterns, and things always got better. As always, no guarantees.