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jay shaw, it said in the filing that

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Gixene   Saturday, 11/09/13 01:07:58 AM
Re: jay shaw post# 5
Post # of 38 
jay shaw, it said in the filing that he plans to use the money to buy another yacht.

I'm kidding of course! When insiders sell their stock, they are not required to disclose as to why. Think of it this way. Why do you sell your stock? Hopefully to lock in profits right? The same goes for insiders, eventually its time to sell.

Looking deeper into the situation, it's important to not dwell on an insider selling. As stated above, it's only right that they sell to profit. Though what is more important, is when multiple insiders sell. This should warrant a reevaluation of the company and further research. Just as important as insiders selling is when an insider buys which reassures the shareholders. This logic should be used for any public company.

Though I must stress, one insider selling is not to be of concern.

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