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Richmont Mines Inc. Message Board

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  • whitesands_8 whitesands_8 Nov 25, 2011 5:33 PM Flag

    Why does CEO keep SELLING??

    First, you need to check his sales with the total amount he owns as it may be insignificant in the bigger picture...Second, just because a CEO sales shares it doesn't automatically mean something's wrong as sometimes just like anyone they have a chance to take a profit...IMHO, when RIC went back up the CEO may have thought that would be a good chance to get out near the old high after the previous drop from over 13 to 8....As a matter of fact that same psychology is what creates technical resistance and support areas on the chart and lots of investors do this...In this case it's a CEO...Not to mention, RIC has held up VERY well compared to most of the miners during the recent sell off that has affected the entire gold industry.

 
RIC
3.17+0.11(+3.59%)Jul 2 4:02 PMEDT