Pilgrim Baxter sold their position just as
earnings came out. See msg #126 on this board which has
been confirmed by PSUN investor relations. This is the
reason for the volume spikes and share price
Further, McCurry is selling his shares including 16,922
options since he did not stand for reelection at the May
shareholders meeting. Sally Frame Kasaks was appointed to the
board in June, 97 to replace McCurry. She was elected
at the May meeting and McCurry stepped down. Seems
like an orderly transition to me.
changed in the fundamentals of this company and like
others have mentioned I am increasing my
The only answer is they must of lowered the stock
to give there loyal investors a buying opportunity,
which I beleive many are doing. PSUN looks great so I
tripled my position. I have followed this board for some
time and believe this is one of the more positive
boards that I have stock in. All stockes have been
fluctuating lately and this is the chance to make a little
$$. I am still convinced we will see record earnings
for the next 2 qtrs.
Sorry, 1 too many zeroes on my calculator and
thanks for your quick response. Ok, maybe 214,000 shares
of insider stock is "no big deal", but why did the
stock tank on the last earnings report? I am looking at
the TJX stock I own which reported roughly a 70% rise
in quarterly earnings, as did PSUN, yet TJX went
from around 23 to 27 while PSUN drops from the low
30's to around 24 following their reports.
this stock tanked when almost all other retailers are
That's 7 MILLION DOLLARS, not 70.
your going to come on that strong, at least get it
7 Million Dollars is not that big a deal
and frankly, if I were one of these execs and had run
this business as well as they had, I would have cashed
in a lot more stock than they did!
Insiders have sold more than 214,000 shares over
the last 9 months. This is a fact. Just go to Yahoo
PSUN quote page and click on "Insider" and do the math
yourself. This is more than a new car, this is 70 MILLION
DOLLARS worth of stock Now McCurry wants to get in on the
action with another 25K block up for sale. This does not
instill confidence in PSUN investors. Insiders dumping,
institutions dumping, why? There is something wrong with this
co., what is it?
I'm an insider and I sold to diversify. When
you're depending on the job to provide a salary, it
seems like undo risk to have all your stock eggs in one
basket. My financial advisor told me to diversify and I
BTW don't even think about asking me any insider
Are you sure that this sale of 4030 was not
matched or exceeded by the exercise of options at a lower
price. I would expect that this is the case - or maybe
he just wanted a new Porsche. Either way, there is
no problem here.
Moreover, there's no point
issuing share options to motivate executives if everybody
is going to panic when they choose to realise some
of the gains derived from their
What's going on here in the retail
AEOS and PSUN are doing fantastic and we're heading
the most profitable time of the year. Very
Im buying aeos options and thinking about taking a
psun very soon. These are great
Dont understand it!