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  • dar200 dar200 Apr 14, 2011 1:31 PM Flag

    Insider buying

    Director Weiss on 4/11 exercised on multiple options covering 2,000 shares. The earliest expiration date on the options was 12/31/11 and the latest, 7/29/19.

    There are only a few reasons for early excecise of in the money options, the most likely of which (imo) is an expectation of a price increase. Thus, exercise before the price increase reduces the amount of compensation to be recognized and it starts the holding period for long gains on the stock, not to mention collecting a nice, mostly tax deferred dividend which converts ordinary income into a long gain.

    First Somon, now Weiss. I'm tellin ya, these directors are sending a clear message. Ya just hafta be smart enough to listen. Spelling doesn't count. Paying attention to the insider signals does.

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63.93-0.51(-0.79%)Feb 11 4:02 PMEST