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Message: Yesterday marked the official arrival of the bear

Yesterday marked the official arrival of the bear

posted on Jul 03, 2008 07:30AM

and it's not surprising to see a cautious concerned market.

With not much information out beyond the announcement of the patent law suits, it is not surprising that new investors are non-existent, for the most part.

By the time results begin tto be tallied, the market may be in a different place, better or worse, no one knows.

The fact that insider buying is occuring regardless of market conditions is a good sign of what they anticipate as being the probable conclusion to the patent litigation.

You have Pat Nunally, DM, Robert Putnam and selected accredited investors putting money, time and effort into what is now a bear market.

I would not expect new money to know or take that risk now. Different times will be here under new circumstances, and it appears insiders are banking on it.

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