Key day tomorrow to see if the reversal is in. Otherwise, IMO, the support at $50 will fall and it will test the 200ma at $45ish. That support looks to be very strong and it will take a lot to break through there.
CEO seems to be converting small amounts of his options and selling them. I'm not sure if this is a huge flag, he seems to be selling relatively small blocks (4-20k) and has almost 2.5m left to convert. They expire in 2014 so maybe this is his plan to slowly convert and sell over the next couple years instead of doing it all at once right before they expire? Also, most of the shares seem like they have been exercisable since mid 2008, when the stock was in the high teens. Now it is in the high 50's, so it seems like he has earned his payday.. Just a thought, I don't have much to go on fundamentally besides the form 4s, any other insight on this would be appreciated.
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