It shouldn't concern you. It's totally normal. When a company goes public, the principals usually are barred from selling stock for a period of time as it would put pressure (or dilute) the current number of shares available shares in circulation. His shares are technically in circulation probably has had to hold onto them. (This is why disclosure is necessary when large blocks are sold by principals as when this happens it usually lessens the demand a bit.) When you look at the number of shares traded on a daily basis, it's a small percentage of the whole. What you need to look at is the trend of the market vs. the trend of their stock. What was the price at when he sold it? There seems to be support for the stock at about $32-33, when it hits there (where we are now) it usually bounces a bit. Did he sell at a peak in the bounce? (If so, it's only smart business - if he sold low, it could be a sign for concern because he would be dumping shares at an undervalued price. The question of concern may or may not be for the company. At one time the stock was worth almost 3x what it is today. If he was over zeleous with his purchasing power at that time, he may have personally over-leveraged himself thinking that he'd continue to be worth 3x that of what he is now. Anyhow, he's just cashing in some on his good fortune and hard work. He may be starting other ventures, he may be purchasing real estate. Who knows. None the less, he's pulling money out of the market. He likely ownes a few million shares. 140,000 shares probably isn't the lionshare of his holdings. John -----Original Message----- From: Lee Surma [mailto:[EMAIL PROTECTED]] Sent: Friday, September 01, 2000 1:37 PM To: CF-Community Subject: Stock Does anyone have any knowledge as to why J.J. Allaire keeps periodically selling large chunks of Allaire stock? The last I can see is 140,000 shares on 8/4/00. I own some shares and this is starting to concern me. I can understand doing some diversification but enough all ready! Lee Surma [EMAIL PROTECTED] ---------------------------------------------------------------------------- -- To Unsubscribe visit http://www.houseoffusion.com/index.cfm?sidebar ------------------------------------------------------------------------------ To Unsubscribe visit http://www.houseoffusion.com/index.cfm?sidebar=lists&body=lists/cf_community or send a message to [EMAIL PROTECTED] with 'unsubscribe' in the body.
