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  • everfoxy everfoxy • Oct 2, 2009 2:30 PM Flag

    under 50 day dma

    CFO sold the majority of his VFC shares in summer. Does he think stock is overpriced and going down. VFC has dipped back below 50 dma. I think long VFC is over and short VFC is the way to go. Is there anything I'm missing?

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    • rhodehiss rhodehiss • Oct 4, 2009 9:56 AM Flag

      Why would I think you had an agenda? He simply took advantage of older stock options due to expire in 2 and 4 years, at a good profit. With the state of the economy, the leftist focus of both the administration and congress, he probably did what was prudent. Raise cash and diversify. He retains a reasonably significant position in VFC stock. Would you place your future in the hands of Pelosi, Reid, Frank, Waxman, Obama and their whacky friends? Good luck, if you would.

      • 1 Reply to rhodehiss
      • everfoxy everfoxy • Oct 5, 2009 2:25 PM Flag

        My only focus with stocks is when to buy, when to sell, when to short, and when to cover. I wasn't looking at politics. I was looking at insider selling and I appreciated your comments on that. Will it change my mind? It may make me more watchful, but I've shorted VFC, just as I have already taken some profits on another retail short. I have shorted some stocks other than VFC. The alternative would be to stand aside after selling longs. But IMHO, sometimes when it's time to sell stocks(as you are agreeing with, I think), it's also time to short some.

 
VFC
192.502.02(+1.06%)Jun 19 4:01 PMEDT