I heard on the radio today that many of the rich, corperate, wall street insiders know that their companies WILL NOT BE COMPLIANT, so they are selling MOST, or ALL of their stocks to the average invester, as they know they will be worthless by January!! They feel that a stock collape WILL COME as a result of y2k. Did anyone else hear this?!? IMHO, buying stocks now is madness... unless you enjoy losing money! :)

-- Crono (Crono@timesend.com), May 04, 1999

Answers

Maybe on the radio from Mars! I'm sure it would be reported publically. C'mon ... insider selling stories have been going on for years. Do you really think John Q. Public would be informed on this!

-- tim daniels (timdaniels@commonsense.com), May 04, 1999.

This is known a distribution and occurs at the top of stock market Mania's such as we are in today. The paper flows from strong hands to weak hands who in turn take the loss.

Ray

-- Ray (ray@totacc.com), May 04, 1999.

tim daniels:

It's too expensive for Warren (world's 2nd wealthiest individual) Buffet .

Sez who??...sez him.

-- Charles R. (chuck_roast@trans.net), May 04, 1999.

Bill Gates and the other two top stake holders in MSFT sold 9 Billion $ worth of their stock lst year. Maybe they needed to pay down their credit cards???

Agreed that insiders are selling. Stocks are ridiculous. The majority of stocks are down 20% or more from their 52 week highs. The popular indices are being manipulated. Foreign money moving to USA and Europe seeking shelter from the coming storm. The next few months should be veeeeerryyyy interesting.

There's nothing like cash in hand and a few silver and gold coins to spare.

-- David (C.D@I.N), May 04, 1999.

IMHO, it is only a matter of time, short time.

-- SCOTTY (BLehman202@aol.com), May 04, 1999.

Go to, http://www.cbsmarket.com Click on "market data" Type in stock you want in box, when page comes up,click on "insiders sales" on right side, have fun!!!

-- treadinglitely (rs@marketwatch.com), May 04, 1999.

S**T!!!! Wrong url! http://www.cbsmarketwatch.com clic market data, type in stock symbol in box, when page comes up,click on insider sales.

-- treading lightly (rs@marketwatch.com), May 04, 1999.

I don't know anything about stocks and this is just an opinion. Everyone wants to be in on a get-rich-quick scheme and I think the stock market at this time is one of the biggest schemes going on. With the easy access for anyone and the media blaring about the money to be made, I think many investors are just every day joes. They think they will be able to make a bundle, quick. These people probably don't really have the money to invest but are doing so any how. Probably buying on a credit card. The market is in a frenzy because so many people are in the game. But someone is going to loose. It won't be the big boys with the knowledge, it is going to be the little guy. It won't last.

-- Linda A. (adahi@muhlon.com), May 04, 1999.

The Friday, October 16, 1987 edition of the Wall Street Journal included an article comparing the 1929 Dow Jones Industrial average with its 1987 values. There was a chart with the two years' values plotted so that the 1929 curve overlapped the 1987 curve, to allow the reader to easily see the similarities in shape through mid-October of each year.

After the DJIA dropped 508 points the following Monday, I went to several WSJ stands hoping to buy a souvenir copy. All the Monday editions were gone, but I did find one leftover copy of that Friday edition.

Later I heard a report that "a" 1929-1987 comparison article had been perused over that weekend by many fund managers, who then placed extensive sell orders for the Monday market opening.

Q: So, what's the lesson for 1999?

A: WSJ will NOT publish another article in mid-October 1999 claiming, with illustrative graph, similarity of the 1999 market to the 1987 or 1929 markets. This is a sure bet. :-)

-- No Spam Please (No_Spam_Please@anon_ymous.com), May 04, 1999.

Might be a good time to go short?

-- treading litely (rs@marketwatch.com), May 04, 1999.

Golden rule of investing from who knows where: " when the small money gets in the smart money gets out"

-- Will (sibola@hotmail.com), May 05, 1999.

That's what I'm doing - selling short, buying gold and silver.

-- Andy (2000EOD@prodigy.net), May 05, 1999.

Sound strageties are needed at this time, that is for sure.

You all might want to see a previous thread from an actual report on some significant insider trading that occurred over a month ago. Just try to overlook the obnoxious postings from some person that called themself sick to death. Link to previous (recent) insider report, news article

Mr.K
*** still taking his pulse***

-- Mr. Kennedy (Mr.K@home.tonight), May 05, 1999.