Appleton Sells Even More Stock - He knows price is plummeting
No one knows more about where his company stock price is going than the CEO. Appleton just sold a ton of stock because he knows the stock price will be dropping like crazy.
Just look at these recent sales - 240,000 shares:
2010-11-01 Sale 2010-11-01 5:02 pm MICRON TECHNOLOGY INC MU APPLETON STEVEN R (Chairman and CEO) 90,000 $8.264 $743,721 2011-04-06 Exercise 2011-04-07 12:11 pm MICRON TECHNOLOGY INC MU APPLETON STEVEN R (Chairman and CEO) 150,000 $4.48 $672,000
Oops - November sales at $8.26 and $4.48. and the stock zooms up to $11.
Are you shorts so desperate that every 5 days or so you bring up totally irrelevant facts and assume the 40 million or so shares traded that day were influenced by your BS? As I said several weeks ago (do you guys even read prior blogs), do you really think Appleton thought the stock was going to tank in November and sold 240,000 shares and was so wrong in "bailing out"?
Try real facts like "Dram revenue up 5% despite a 5% drop in sales volume" or xx announces a 6% increase in contract prices, or wafer production down xx%. Or wait 3 months when Appleton sells again at $14 and then tell everyone he knows the stock will be plummeting.