Coldwater Creek Inc. Message Board
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Insider activity
Anyone have any clue as to the recent insider sell-off? It showed up in my HarrisDirect Insider report. Seems awfully high. I put my toe in the water to short a few shares last week. I realize most here are longs but can you explain the recent sell-off?
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Still short??? I have just one word of comment...squeeeeeeeze!
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i can't stop making money on this one!
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shorts? what shorts? all the posts say go long for some easy cash! look at all those store openings!
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Ahhh, yes. Here come the shorts. Regular posters: prep for a barrige of posts from idiots who know nothing about CWTR. They always come, we ride them out, take our $ to the bank, then start the cycle all over again.
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I agree completely.
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yep! just covered and went long. there must be a huge demand for cwtr stuff with all the new store openings.
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O.K., so all that insider activity involved sales at around $20-$21 per share. How smart was that with shres now over $24?
- 1 Reply to timgoor
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You have to realize the CFO, Melvin Dick, was an auditor for Arthur Anderson (now bankrupt) presiding over Worldcom's accounting fraud. After all the criminal activity blew over, he signed on in the obscure town of Sandpoint, Idaho with Coldwater Creek. Some have compared it to Nazi war criminals fleeing to Argentina during and after WWII imploded on Germany. They took with them as much wealth as they could, and you can bet insiders will do the same before the companies "expansion" implodes, similar to Krispy Kreme. Always sell with the insiders, especially now that the max chart has skyrocketed.
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It's mostly the Pences selling. Study the history of the co. Dennis is back as the CEO after stepping down for a while. I would guess he would love to retire except feels he is needed to run the Co. Anne is retired. They would probably love to enjoy the fruits of their labor. Hoow can they do that without selling? Why would you short this at this time?
- 1 Reply to daveyw43
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Hi all. I'm a loooong time lurker, short time holder. Have always enjoyed poppleup's pumps, but was always concerned about this board's lightness on anaysis, so enjoyed your post. Seems like there have been 15-20 posts at earnings/announcement times, then just "my store was full of shoppers"/"dump this dog" posts until the next earning release. Like many, I bought because my wife bought... and bought... at CWTR. And CWTR's charts for the last 18 months certainly look strong. But I don't understand a couple of things... to say the very least. But what's immediately on my mind is:
1) why did they run a 50% off sale of EVERYTHING in their on-line catalog this week... not summer items, EVERYTHING. And this is the start of the XMAS shopping season!!! Are they trying to pump for the current Q?
2) Even though profits per catelog shipped increased, was the saving in cost of catelogs NOT shiped greater than the profits missed? As I recall (and my recollect ain't as good as it once was) catelog sales were down, but don't remember a figure on catelog profits.
Anyhow, glad to be on board. (8->)
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