bchayes, do the search on form 4's blobel ... you are right about him selling but not like this... he usually sells pretty big number 1 or 2 times a year... now every single week or 10 days he is hitting the pot for $70k net...and it isn't just him 32 insider sells and 1 buy in the last 3 months...
OK. it has been about a year since I posted. So here goes FWIW.
I am guessing, and going from memory. Feel free to flyspeck and point out the exact dates and amounts.
I think Blobel sold when the stock was around 2. Too bad. I am guessing he got more shares. he sold around 3. Then foolishly, he got more options, or shares...and sold in the 4's. Probably even in the 5's. Then even more in the 6's and 7's. Amazing enough, he sold more shares around 8. Now hes selling at 9.
Holy #$%$. every time he sells....a year later the stock is higher. Doesn't Blobel have any idea what the company is doing? Every time he sells, some people assume the stock has no where to go but down. Its over!
No one can promise that it is going up...but at this point for all but a few days(50?) of the past 10 years....anyone who has sold has left money on the table .
The company is selling shares sometime in the near future. it may take a while to work through the additional shares on the market. Earnings are coming up also...as usual people expect the worst.
Always a shaking before earnings are released, I expect to buy 8-6 or 8-7 at the low. Scary posts are coming to aid in the shaking, time for BS7 to start posting.
I previously sold at 9.21, hard to buy back in above what I sold at, most likely it will drop 50 cents by a week from Thursday and I'll be a stockholder, again. .
Wouldn't this action imply Bloebel is preparing to take profits after the beat in the earnings announcement in early June? He didn't sell stock. He exercised options.
I believe that the period before earnings announcement is a quiet period during which certain transactions by principals in the company are disallowed. if he believed the value of the stock were about to slump after earnings, I see no reason for him to exercise options. He can't sell the stock before earnings. I see this as good news for the coming announcement.
Given the almost 100% sp appreciation over the past year, it's acceptable, and common. You keep on trying to talk it down so you can "trade" it. You're such a dolt.
this company can not stand to have Bloebel taking $70,000 in profits every 10 days...he will personally wipe out 1 Q's profit...jmho
he just netted himself another $70,000 on july 24th... after further inspection of the form 4 it seems he now has 200,000 shares and rights to another 600,000 derivatives... at $7/share profit he could take $5.6 million out of this company...beware
I just can't believe Bloebel just cashed in again on another 10,000 in stock options on friday... check sec form 4 for yourself... any upgrade here is just an out for trapped funds...
Insider monkey just put out an article on SCLN saying hedge funds have been increasing their SCLN ownership percentage lately. I guess you can read whatever article you want and believe anything you choose. I'm still waiting for a re-entry point sometime before this quarters earnings are released.
you are just using deception to hide the true facts, Rac0... there has been many changes in holding by insiders... awarded options and dumped them for big profits... and each time they siphon off value from the company... that is and was my main focus in stock being overvalued... if they held the shares you would say there was a change but they didn't even want the shares, just the money and if insiders aren't holding for more profit and just siphoning off value from the company what do you think a smart analyst would do... downgrade and you got it all the way to a sell and that is the first time bws put a sell on here, only downgraded to hold before... so don't be too quick to jump back in...
...there has been no change in the percentage of ownership in SCLN by management over the past year. The largest group with ownership in SCLN are hedge funds, and likewise, there has been no reported change in their ownership, either. What you are seeing is a stop loss limit sweep.
These stop loss limit sweeps occur like clockwork in SCLN, although this one has been a bit overdue. Hoping to see $8.40 Monday so I can buy back in for the next earnings release. Currently, I have zero shares.
a net zero but the money was transferred from the companies money to the insiders money... how can you call it salary? he is already getting a salary... and is now talking of another $100 mil to insiders in options...that is about every penny the company has in cash... and you wonder why it will go quickly below $8.50... the first time Blobel siphons off more options money share price will drop more... put money in RGRX quick
Executing an option is a buy. Selling optioned shares is a sell. If you buy a million, and sell a million, your net sales are zero. Simple math, right?. These options are just salary for company management. For the entire year, there have been no net change in stock ownership by the officers at SCLN.
- Collect a penny for my post.
you wrote. " As for insider sells, most firms would say selling your option shares is a net zero insider trade, since before and after the transaction, Bloebel ended up with the same number of shares (no change)."
are you serious... in the last 2 months he took options for over $1 million... so he had 200k shares awarded 20k more and immediately cashed them in and did this several times... yes he still has the same number of shares but the company now has $1 million less... and if they use $30 million to buy back shares and the company starts buyback with 100 million shares and after the buyback is done and all the options are granted to insiders the company still has 100 million shares then where do you think the $30mil is... check insiders pockets, they will be lined with this money...thus when the music stops(out of buyback money to artificially inflate stock price) the mm's reverse tactics and head for the exits... but they just don't get out, you will usually see an unexplained spike to entice buyers and maybe an upgrade and while those not so savvy are buying those in the know are exiting with top dollar for stock and then boom, down it goes.. and that is what you see and feel now... $8.50 should have been the absolute top $ without any further development and hopefully for you some good news is forthcoming , but in the meantime that they have it down the mm's and shorts will keep pushing probably even farther than it should go and they re-establish their position for the next run if they think there is value looking forward...gl
ps... I thought I was a shill and paid for responses? I guess you don't really believe what you posts because between here and rgrx this is your 6 or 7th post to me in the last day since you posted you were too smart to respond to me... BOTTOM LINE IF YOU LISTENED...instead of bashing me you would have at least taken some profit... when insiders sell all their shares it is time to get out... blobel only one with shares left.