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Harris & Harris Group, Inc. Message Board

  • yinvestor yinvestor Jul 2, 2013 11:59 AM Flag

    I sold TINY

    It's a very disappointing stock which seems nobody is buying.
    Some officers(7 of them) just sold some shares at $3.04 last weekend for some reason that I don't know.
    I guess they might have sold their SZYM position as well.

    I will check its next report to see how are things going.
    Before that, be prepared for some short attacks trying to push the stock price down below $3.
    Good luck to those still holding.

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    • I've been following this stock for a few years. But have no shares yet. It seems to me the insider selling (since it was at the end of June) was for tax purposes...not necessarily due to company prospects. Didn't really affect overall inside holdings.

      Sentiment: Hold

    • Thanks Yin for the heads up on the insider sales. AT the very least the officers are ignorant or uncaring about the effect of their sales, but furthermore they buy then sell within a couple of months. The orchestration of the sales all at the same time makes me know that it is some kind of group decision. They are inconsistent in their management and this kind of flip flop takes away confidence. As has been said all the insider buying and selling is small and inconsequential but it demonstrates their lack of confidence in themselves. Somebody said that Doug is a straight shooter, it appears that he may shoot himself and the company in the foot, straight or otherwise. I'm out too. The NAV continues to shrink to the discounted public price of the stock.

      Sentiment: Sell

    • I agree that the stock has been disappointing. The buys and sells are all relatively insignificant sums though. It's like withdrawls for vacation money, graduation and anniversary gifts. Even in the aggregate the buys and sells don't amount to much at all.

    • It seems like the management is playing some kind of game with the investors.

      I still couldn't figure out what was that huge volume(4.6M) last Friday about.
      Right after that huge 4.6M volume Friday, 7 officers including the VP sold some of their shares at $3.04.
      I don't like the feeling of being in the darkness so I sold it without gain.

3.12-0.05(-1.58%)Jul 31 3:59 PMEDT

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