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Response Genetics, Inc Message Board

  • ryan_f@ymail.com ryan_f Jan 14, 2014 1:29 PM Flag

    Insider sold a ton of shares in Dec. 2013 Why?

     

    looks like close to 600,000 shares at 1.10ish.. i do not like to see insider selling. i have an interest in RGDX but scared to invest at this time. need some more DD

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    • They sold 600,000 out of a 3,000,000 + share position. Maybe they had a lot of gains elsewhere and needed some tax losses.

      Kel

    • Big sales are definitely a factor to be considered (tho they aren't 'insiders' , they are large holders). However, those two names on the SELL tickets are selling a BUNCH of different holdings left and right. Selling tons & tons of stock in lots & lots of names for months & months.

      Heres what I know about it;
      openinsider.c**om/insider/Marxe-Austin-W---Greenhouse-David-M/1044321

      Could be they are getting one of those gay divorces now that its legal in most states. Maybe starting a polo team. Who knows, but the situation as a whole doesn't bother me much.

      Note that RGDX is a small fish in their SELL pond, too.

      On the other hand, they still have millions of shares of most of the names they are selling (RDXG included) , so I don't have a solid worry about their unwind. Time will tell if they stepped out of a lot of names at highs or if those keep going.

      What impresses me about RGDX is the management. Great jockeys, if repeatedly growing, then selling, a company is something you like to see in your key positions. I'm going to do some more dd on the particulars before getting real big in this but I sure likes what i see so far.

      $heff is in this , which is too bad, as that usually leaves a mark when he bails out pocketing his standard 10% (of a typically small holding, to boot! $heeeeesh ) scalped from flock of $heepguls, but after that, things should return to track for this Spring.

      GLTL

    • "The offering was done by National in one day. The entire 4.6 m was resolved at 1.20. They are locked and loaded. There is enough powder in the keg to get this thing going. The management team is progressive, available and aware of the share price and remain very positive about the outlook of the company for 2014" ...

      if you chose to look through old messages you could understand why ... if you are scared investing here buy some ebay or facebook ...

      Sentiment: Strong Buy

 
RGDX
0.78+0.01(+1.96%)Jul 29 3:58 PMEDT

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