I see what you're saying. The chart does look shockingly similar. But things are very different now than they were back then. Since then, we've had a reasonably solid Q3 report and the November 14 lockup expiration happened. I'm not sure charting can be applied to events before the lockup in an attempt to predict future events because the lockup constantly put downward pressure on the stock. From here on out or after Q4 reporting, perhaps charting can be useful. Everyone's been very emotional about this stock. It's a crazy ride right now.
That's definitely true, but the December lockup is significantly smaller than the November one. Also I think it's important to realize that it looks like most insiders are selling only a small percentage of their shares. If I was an insider whose shares freed up on November 14th, I'd definitely be taking some profits right now. Who wouldn't want an extra 3M in the bank? If insiders were selling the majority of their stakes, however, that would be a real reason to be concerned.