The stock soars earlier this week on the Ovonyx news which was never reported by ECD. Next day, to everyone's amazement, the stock drops $2---everyone wondered why! Now we know. Only someone that hates the company would hammer the stock on that day! ======= (RTTNews) - Energy Conversion Devices Inc. Director Stanford R Ovshinsky Sold 42,177 Shares With Price Range $34.74 ~ $36.29 on 05/23
Well, fine, O.K., Stan can hate the company for shutting down Akron. But it doesn't make any difference, Stan can't stop the rise in the price of gasoline to $5===It can't be stopped.
Stan simply reacted in the typical Hydrogen Zealot manner over Akron and began shooting himself in the foot! The stock will go over $40 next week,, over $50 this summer and Stan's losses on these sales will just keep adding up. I won't rub it in.
Weapon of freedom, there is no way in Hades that ENER stock will be over $50 by this summer. If anything, it will drop.
Despite some shutdowns, losses continue to be incurred. Anything positive in ENER's future (like OUM) is many, many years away. The solar function has lost its initial edge on account of extremely poor management in my view.
The many hundreds of millions $$ of tax loss carryforwards will expire unused, all to our detriment.
What is left but for management to exercise all the low price options granted and immediately sell the stock?
By Stan exercising his options and selling his stock , he has a tax liability which he can avoid by using these monies to fund the research on the fuel cell, the cognative computer,or hydrogen storage. If he does this ENER should give him personal stock in these ventures.
"Stan simply reacted in the typical Hydrogen Zealot manner over Akron and began shooting himself in the foot! The stock will go over $40 next week,, over $50 this summer and Stan's losses on these sales will just keep adding up. I won't rub it in."
Stan is something of a "reverse indicator" on investment and business matters. His timing on selling has never been good, but it is disappointing to see Stempel and him always selling when many of us are still trying to accumulate stock. All the more reason to get them out of there - Bob in general and Stan from ANY overall management decisions.