My largest position is cash. After that, unfortunately, IMMR is my largest holding. The shares are being dismantled today, on light volume, because the CEO exercised options at $7 and sold north of $15.
He’s getting rich.
Does that mean the stock price is done going higher?
Well, let’s have a look at his recent sales.
First of all, these are automatic sales, likely part of his estate planning routine. Second of all, he’s a god damned idiot, if judged by his sales. He’s been selling since $5. Each and every time he sells, the stock takes off to new highs.
Look, the stock has been very hot and expectations are high. This is THE play for the Samsung Galaxy. Say haptics.
When investing in something with a story, a catalyst, understand insider sales mean nothing. There are a thousand reasons as to why someone sells, only one reason why they buy.
IMMR is still kicking ass and with the stock down, based off some absurd notion that the CEO has a clue with timing tops in his “automatic” sales, you’d have to be a complete idiot to join the sheeple by selling here.
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Stop rationalizing.
It’s not called rationalizing when stating facts.
Senor Fly, do you see the escalating riots in Turkey affecting the markets much? It seems to be a much bigger deal than mainstream media is letting on.
No. Turkey would nuke its entire population before letting the head cutters take over.
If by head cutters you mean the Islamic Right, you’re in fact referring to Erdogan.
Yeah, I haven’t found insider sales to be a very good indicator of future performance. Buys, maybe. But not sells.
anything that’s had a good run is selling off .. don’t mater, even GRPN ! 😉
the biggest losers of todays have been this years biggest winners .. insider sales are just an excuse to register ring
Joe Terranova a.k.a. Eddie Munster drives me nuts. PSTFU and thanks in advance…
CLVS up 80 %
Where the farking CO-lapse, yo???
You PROMISED a CO-lapse, yo!!!
You PROMISED!!!
{stamps foot, bottom lip quivering}
Executives, especially in small companies are paid partially in options, exercising them is not unusual.
Fly, if you have not had the pleasure to read “Cyberpunks” by julian assange, please do so immediatly. one of the most intellecutal stimulating books out there.
S&P is coiling, gitting ready to fall again yo
Use the midpoint rule to measure your target
Google it
All fall down …
Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall,
And so did Le Fly