why wouldn't you short stock when Rick Belluzzo has sold 1/3 of his shares?
good ol' Rick obviously doesn't need to "diversify" his already very wealthy portfolio, yet he's wiped out of 1/3 of his QTM holdings at depressed prices of $2.80 and $3.30 (with a strike price of $2.97 so he's obviously bailing for very marginal gains).
this puts a $3.30 lid on the stock for the rest of the year now that he has set the bar so low for his shares. also, since the stock was down 37% in Q1, Rick obviously didn't set these depressed sell prices last quarter when the stock was higher. He must have set these on April 1st (the start of Q2), which tells me he knew about the NTAP partnership, and he knew the stock would likely spike on the news but still wants out.
This is supposed to be the Executive Chairman... board members should be the LAST ones to sell at depressed levels. Rick is blowing out of his shares either because he knows the company will have a weak year, or because he is about to resign from the board.