Stock Drops as Insiders keep "puking" up more stock
More Form 4s filed today as the CFO and a Director cashed their options and dumped their stock immediately. This follows a pattern of incessant selling by insiders starting last year with their first good earnings report and continuing throughout the year. Very discouraging. You can use all the excuses (and until December 31 people were using taxes...but that one is now gone). However, if YOU owned a stock and it was $10.50 and you BELIEVED it was worth $15 in 2 years would YOU sell?? In addition there is the overhang form the SkyBitz acquistion. Add the that the CEO taking a hike in 3 months and there is good reason to pause.