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From: cmm1@cunixa.cc.columbia.edu (Christopher M Mauritz)
Newsgroups: comp.sys.atari.st
Subject: Re: Atari Stock update (hit n now if you don't want to read this)
Message-ID: <1990Oct29.155620.21659@cunixf.cc.columbia.edu>
Date: 29 Oct 90 15:56:20 GMT
References: <1990Oct23.140703.6611@cunixf.cc.columbia.edu> <15480011@hpdmd48.boi.hp.com>
Sender: news@cunixf.cc.columbia.edu (The Daily News)
Organization: Columbia University
Lines: 29

In article <15480011@hpdmd48.boi.hp.com> ritchie@hpdmd48.boi.hp.com (David Ritchie) writes:
>>Someone on CompuServe made the observation that several large blocks of
>>Atari stock had been sold by insiders recently...  someone else connected
>>the date of those sales to the date Elie Kenan announced he was not going
>>to take the job as head of Atari North America and went back to France...
>> 
>>I'm wondering at what point does a stock become a "penny stock"...?
>> 
>>BobR
>
>  I think that the technical term for this is 'insider trading'. The SEC
>frowns on this sort of thing..... 

No, it just means that someone who works for Atari bought or sold some of
his/her shares.  This is perfectly legal.  What Bob is getting at is that
if the insiders are selling, it indicates a lack of confidence in the 
company coming from people who WORK for the company.  Many investor
services follow insider transactions for companies to keep tabs on
employees' expectations of future performance.

Regards,

Chris
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