Re: [CANSLIM] USLB

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] USLB
Date: Thu, 2 May 2002 21:00:51 -0400

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as a stock broker, I watched insider activity very closely. Over the years,
I actively prospected officers of publicly traded companies as clients. One
thing I learned, they may know their job well, but most do not understand
the markets. And I have seen insider sales (with exceptions of things like
Enron) almost always be badly timed.

I do agree that insider buying is worth noting. But I completely ignore
selling.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Winston Little" <wlittle1@peoplepc.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, May 02, 2002 3:05 PM
Subject: Re: [CANSLIM] USLB


I find the insider sales difficult to understand.

Reasons for sales:
      -  university tuition costs
      - house purchase
      - divorce
      - to purchas yacht/aircraft
      - exercise of expiring options
      - fear of falling stock price (but they have to file forms in advance,
so not often the real reason)

Purchases are more a statement of confidence in the future.
Absence of purchases are also an item to watch



- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, May 02, 2002 2:51 PM
Subject: Re: [CANSLIM] USLB


> Tom:
>
>      And if management has been selling, I'd want to know why (or at
least,
> approximately why) they've been selling (I wouldn't be surprised if the
> reason they've sold-if they have-is due to the declining profit margins
you
> alluded to.)
>
> jans
>
>
> In a message dated 5/1/2002 9:16:01 PM Eastern Daylight Time,
> stkguru@bellsouth.net writes:
>
> << When I look at this one, I see earnings for past 4 qtrs are up, down,
up,
> down. However, sales are consistently up all four qtrs. That tells me they
> may be having a problem with profit margins that I would want to
> investigate.....Additionally, management owns 70%, so I would check and
see
> if they have been selling, might explain part of the drop.
>   >>
>
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