Websidestory - Big time insider sells

Posted by downtowntrader | 10/03/2005 01:46:00 AM | 0 comments »

At first glance, this looks like a pretty easy short. There were massive insider sells, which caused a break of the uptrend line and the the volume is decreasing on the way up to retest the trendline. But, it did find support and is within another newer trading channel. I will look for weakness as it approaches the trendline again, or wait to see how it plays out. If it breaks back in over the trendline and therefore the 10 and 20 sma's, then that is a very bullish sign. Good Luck if you choose to play it either way.


link to insider sales: http://finance.yahoo.com/q/it?s=WSSI