Awwwww jeez...
Looks to me like the insiders are at it again...
Yup...
They seem to be selling a few dollars worth of shares so they can turn around and buy millions at the lower price...
Hmmmmm...
So as I'm clear, because I'm apparently new to this universe... A insider will sell...say 50k shares at the bid...get the price to drop...do it again..then get the retail investors to sell...then get the price to drop again...and then turn around and buy portions of a 256 MILLION share lot in an effort to gather all 256 million shares ALL without the share price rising?
So...
While retail "mom and pops" are selling thousands, tens of thousands, hundreds of thousands, or millions of shares and making the price drop...the insider is buying a quarter of a BILLION shares and the stock price isn't going to rebound?
So over here in this universe when buying outnumbers selling the share price drops???
Okay... Check...got it.
So down is good...because it means its being accumulated...
UBRG stock is down 11.11% today... Which is good...according to some...with that line of thinking when it's down 20, 30, 40, or 50% that should be really, Really, REALLY GOOD!