Pacific Asia Petroleum, Inc. (fka PFAP)

[garthmd08]

Insiders have been selling stock with vigor in the last few weeks in order to purchase lower price options. It means they hit the stock in the market place with shares they already own and then purchase cheaper options from the company. It was done sloppily and with little concern for shareholders, often driving the stock down 10-15% in a day or days rather than sitting on the ask and waiting for an uptick. It's why the stock is down and why it headed down hard today in an otherwise bull market. Go to the Nasdaq website, then PAP, then Real Time SEC filings. Every time an insider sells he/she files.