Looksmart Limited (LKST)

[andy20020]

LC ... nice talking with you in a pleasant manner. I'd rather not talk about my trading here ... best I just stick to TA for the sake of keeping emotions out of it. Regarding bear articles ... well I guess we have Warren Buffet, your ASX MD fellow, and all the big insider tech sellers in the bear corner ... and you in the bull. Hmmmm

http://money.cnn.com/2003/06/04/news/companies/inside_sell/

You seem to like Thomson so I guess you'll believe them.

And as recently as last week ... in advance of the INTC ramp.

StreetSmartReport.com:

"What's with corporate insiders? Can't they see the market going up? It was reported today (Fri. 8/22/03) that so far this month insiders have sold $35.50 of their company's shares for every $1 of shares they bought. Insider Research at Thompson Financial considers it bearish for the market when the insider buy/sell ratio reaches 20:1. The ratio has now been above 20:1 for a rare four months in a row.

It's even happening with the likes of Steve Balmer, CEO of Microsoft, who had NEVER sold ANY of his Microsoft shares until a couple of months ago. And Michael Dell, who sold 8.4 million shares of Dell stock a couple of months ago, and now we learn he sold another 10 million shares last week."

I guess this is a really a bullish indication. We all know that when the "weak hands" (like Balmer and Dell) are selling out, the smart money (Yahoo! INTC messageboard bulls) are accumulating.


LC ... you seem so sure that everyone is out to manipulate things that you seem to be overlooking what is really happening. Please please assume the above is posted with no hidden agenda ... just information to help you with your investments.
If so ... favour returned.

And yes I like a few golds and posted about stocks like CMR in Oz when they were 12 odd, before it ran to 20+. Don't hold any right now but do hold a few others.

Regards