Spree.
The insider buys are virtually nothing.
The previous bout of selling when the share price took off was at the time of the Harris verdict. Notice the price that they obtained from the share disposal. Would it be reasonable to conclude that the insiders had a pretty good idea of how the Ericy settlement would pan out at that time, so they sold out. The price that most achieved is not very much different to the recent price achieved.
Now let me have your opinion on how you think the market would have reacted to the Ericy settlement news without the tie in to Nokia and Samsung. What price would the share be today. The management made a very bold statement of how much Nokia and Samsung owe the company. To date we have no documentary evidence to support those figures. Clearly our only active analyst is somewhat sceptical of the information, to such an extent that they essentially issued a warning. I guess the people that he recommended the stock to got a little carried away, and now HL is pulling back in view of the insider sales.
If you remember the last HL report TC was extremely critical of the insider selling, my guess is that he and his company and the many shareholders that have bought on the recomendation are livid.
Of course all of the above is only my opinion and I am sure the likes of TC, F6 and MS will no doubt tell everyone that they know far better than the COO and CFO of the company and of course far far more than the analysts.
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