Word: unloadings
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Thwarted in his desire to unload this philanthropic instinct on the art world, he spent a few years as a Wall Street commodities trader. But even as he languished in exile, the art market changed. By 1986, it was full of new collectors ready to believe that practically anything could be the Wave of the Future. The Hoovers were hoovered up. Then came some aquarium tanks in which basketballs floated, weighed down by a solution of Epsom salts and water to neutralize their buoyancy. These rather banal objects still strike Koons' fans as veritable icons of mystery and memory. "They...
...demobilized soldiers with no job prospects began scratching around for easy money. Legislation enacted in November permitting Angolans to trade in uncut diamonds was intended to soak up rough stones that people had illegally hoarded down through the years. Instead, because the move made it vastly easier to unload illegally dug diamonds, it further spurred the stampede to Lunda Norte. Cafunfo, a town of 5,000 on the Cuango River, mushroomed to 50,000 people, who live mainly in corrugated-iron shacks. "It's like the Wild West," says Gallegos, who visited the region recently...
Discerning that line can be difficult. For instance, were Household International executives Michael DeLuca and Donald Lohmann just lucky when they elected to unload about three-quarters of their holdings at between 53 and 55 a share only days before the big Chicago-area financial concern revealed problem loans? Household's stock sank 11 points in the aftermath of the March 26 announcement. Neither executive is accused of wrongdoing...
...year-old regulation that required corporate insiders who exercised options to wait at least six months before selling the stock. The rule, which accounted for the vast majority of violations by corporate insiders, served partly to reduce the potential payoff for improper trades. Now when insiders decide to unload their portfolios, they can get a bigger bang for the buck by exercising their options and immediately selling the stock. The change in the law, according to some securities experts, was a sop to Big Business. Says Levy: "The SEC has wiped an entire class of violations off the books...
...monitoring insider transactions. Sometimes trades can be misleading, since some firms allow insiders to buy or sell shares only during specific periods, such as after quarterly earnings announcements. Investors should be suspicious if insiders are selling near yearly lows, when buying is expected. It may be time to unload the stock. Similarly, if they are buying rather than selling at high points, that can be interpreted as a good sign. More revealing, though, is the number of insiders involved. Says Invest/ Net's Gabele: "I'd rather find seven vice presidents buying 1,000 shares each than the president buying...