Pop_Eye
03-25-2003, 11:57 PM
:confused:
“Barron's reports the officers and directors of the 10 leading tech companies - firms such as Microsoft, Intel, Qualcomm, Dell and Oracle - are remarkably bearish.
While the investoriat buys tech stocks, the people who know the industry best are unloading.
"Since the start of this year," continues the Barron's report, "in the aggregate, there has been a single, solitary purchase of 3,600 shares by those insiders.
However, over the same stretch, those worthies were responsible for 112 sales, in the process dumping 33.9 million shares of their own stock.
Put another way, the ratio of shares sold to shares bought by the so-called smart money in the 10 biggest tech and growth companies works out to a staggering 9,407 to 1."
“Barron's reports the officers and directors of the 10 leading tech companies - firms such as Microsoft, Intel, Qualcomm, Dell and Oracle - are remarkably bearish.
While the investoriat buys tech stocks, the people who know the industry best are unloading.
"Since the start of this year," continues the Barron's report, "in the aggregate, there has been a single, solitary purchase of 3,600 shares by those insiders.
However, over the same stretch, those worthies were responsible for 112 sales, in the process dumping 33.9 million shares of their own stock.
Put another way, the ratio of shares sold to shares bought by the so-called smart money in the 10 biggest tech and growth companies works out to a staggering 9,407 to 1."