Insiders still hold a large portion of their shares in the company
Say they own 20,000 shares, they only dumped 3000 of that. If they didn't believe in the company they would have dumped all their shares. Again, good time to buy a few shares between 190-220, a base is forming there.
Uh, insiders can't do that! They would kill the goose that laid the golden egg! They pulled out enough to be set for life - after that, it's all gravy.....especially so if they can get fools like you to go long.
Guys, guys, guys, look how you pple are panicking. I'm in the company for a long period of time. Hey, it can go to 150 dollars per share and I'll still be holding this stock. Unbelievable how you guys see the future with today's price movement. Did you predict Netflix was going to hit 300s when they went all the way back to 60s?