Replies to post #93605 on Biotech Values

[mcbio]

Re: ACHN/insider transactions

ACHN It may have been discussed here at great length, but in beginning to reaearch the company, the information on insider/large holder transactions doesn't look very promising:

www.insidercow.com/

Any quick comments or references to prior information posted here? The ACHN message board is pretty skimpy.

I honestly don't pay much attention to insider transactions. But, I will say that I don't consider the recent sales entirely surprising inasmuch as the stock has done quite well of late moving from the $1 range not so long ago to well above $3 before falling back into the $2s after the recent financing. I sold a quarter of my position myself when the stock was in the $3s given the run-up to take some profit, but I recently added that back with the stock in the $2s and the company in much better financial shape after the dilution. So, I can't blame others for selling when I did the same to some degree.

Also, all of the recent sales are just from large shareholders, and not actual officers of the company. I would put more weight into, say, the president selling a bunch of shares than someone who is just a large shareholder but doesn't otherwise have the same insights into a company as the president would. All that said, I still don't view officer sales too negatively necessarily, because insiders can sell for a number of reasons that may have absolutely nothing to do with the health of their company. On the flip side, you may not see a lot of company officers purchasing shares, because they already have a lot of options, warrants, etc. in the company. So, long story short, I don't think you can put a lot of faith in trading based off of insider transactions. I've seen several examples where there was a ton of true insider buying (officers) and the stock still cratered.

[mcbio]

Re: ACHN

Any quick comments or references to prior information posted here? The ACHN message board is pretty skimpy.

Are you looking for information on ACHN here beyond posts regarding insider trading? If so, let me know, and I can link you to a few as I see you're not a paid member. Or better yet, you can subscribe and get full access to all posts on ACHN. ; )