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Re: blueskywaves post# 17896

Friday, 04/04/2003 8:30:29 PM

Friday, April 04, 2003 8:30:29 PM

Post# of 432922
BSW, your facts do not discredit my premise which was that w(with IDCC) there is a correlation between the timing of insider selling and declining stock prices. The "research" you speak of was not done on IDCC and is not applicable to IDCC. To the best of my knowledge no one has done a controlled study on IDCC insider selling but you don't have to be a statistical expert to see the correlation I am talking about.

The fact that the stock price closed higher in 2001 and 2002 does not diminish the relevancy of my observations. You have conveniently forgot to include years which don't reflect favorably on your view that insider selling is meaningless.

For example, look at the insider selling that happened during the 1999-2000 run-up. As I recall we had insiders selling unconscionable numbers of shares at prices as high as $65/share. So don't try to pretend like there's nothing fishy going on that new potential investors don't need to concern themselves with.

In fact, I recall having discussions with you in 2000 when IDC was trading around $36/share and you were very excited for it to go higher which I said wasn't going to happen. Looks like you were wrong about that, it's never even approached those prices in the three years since.

Blueskywaves, I tired of your cheap tricks long ago.

Once


The best way to convince a fool that he is wrong is to let him have his own way.

~ ~ ~ Josh Billings

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