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Molycorp, Inc. Message Board

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  • wiffmyanus wiffmyanus Nov 13, 2011 12:21 PM Flag

    2 insiders have put $1.4 billion dollars in their pockets this year with MCP

    Take a wiff of this stock. Insider selling stinks to high heaven.

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    • The largest stockholders had 26+ million shares. They sold approx. 1/2 at $51, when they were legally allowed to sell. There is still a large insider stake.

      If you were issued $26 million shares and it was at $51 when your selling restrictions were lifted and you didn't sell a decent percentage of your shares, you'd be a freaking IDIOT.

      • 1 Reply to monetizeall
      • <<<The largest stockholders had 26+ million shares. They sold approx. 1/2 at $51, when they were legally allowed to sell. There is still a large insider stake.

        If you were issued 26 million shares and it was at $51 when your selling restrictions were lifted and you didn't sell a decent percentage of your shares, you'd be a freaking IDIOT>>>

        Ok...listen to what you just said... If they didn't sell a decent percentage of share...they would be idiots. Now why would that be? If the stock is going to double or triple soon, why would they sell? What do they plan to put $1.4 billion dollars into that will get a better return. Apparently they must think there are better investments than their own company. Now I can understand selling $20 or $30 million worth of stock to buy a mansion and a couple new ferraris, but geez...$1.4 freakin' BILLION!!!! Thats basically saying "Lets get out while these shares are still worth something.

    • There are specific contexts where insider selling may trigger an alarm. Just pointing to how much insiders sold in a year, though, is pointless.

      If you were on AAPL's message board, would you be yelling that insiders had only sold in 2011 or that AAPL insiders now hold only 1% of company stock.

      At MCP, insiders own 33% of stock

 
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