Last night when I was looking stuff up in my Scottrade research section, I noticed that Joe Noel had sold off the balance of his shares at the end of June. Now he is NOT a 10% or more holder, so his sale did not make it to Yahoo, or MSN, those sort of places, even tho it showed on my SC account.---which is why I started reading the stuff about insider sales....as you know, or maybe do not know, an officer or someone with an inside knowledge of a company, sells or buys shares, just prior to a public 'event', there is a possibility that they are using their knowledge to make money, or prevent loss, ahead of whatever announcement or event made public. It is why most people think Martha Stewart wnet to jail (when she actually went for the obstruction of justice). That he sold his shares at the very end of Q2 was suspect...as he would know what Q2 numbers would look like--rough draft.
Someone over on the yahoo board pointed out that Noel and Crabb selling thier shares when they did, was within a window of time, that they should not have been able to sell them....it is the 30 day window prior to the end of a quarter, I believe, when companies have a good idea what their earnings will be...and if they are not so good, it is often deemed that they are selling ahead of the earnings report so that they can take their stock money and run....before the earnings is released to the public, and possible sell-off by retail investors.
Joe fell under a rule that allowed him to sell, as he pre-planned the sale, ahead of time with the SEC. Crabb...his were not listed as pre-planned....
Joe sold off all he had left---which OFTEN suggests, but I am not stating this as fact....that the one selling out, is leaving the company. According to
SC, Crabb has less than 10,000 shares left. He had a lot more in January.
As you know, I like to be able to back up what it is that I put my name on.....I will have an opinion, and I read things, and hear things..but I like to research, think it thru, for reasonableness....and then I like to find something to either back it up, or refute the possiblilty. There are always 3 sides to a coin...
AND then there is ANOTHER stock that came up on my radar today--I have been watching it...and a pumper for the stock, today was 'outed'...mostly by his/her own efforts...as one who--on behalf of the company--pumps a stock with the collusion OF the company..until a certain moment in time, when the pumper does a complete 180...but that is AFTER, apparently, the pumper has sold his/her shares, and the short sellers are in place with their bets....and all make big bucks--the hedge funds, the company officers, the 'insiders who are friends of the company', and the pumpers, who have placed their 'bets' It is ANOTHER STOCK that I am referring to, right now.....So I posted what I found to read, simply to share, as educational.
