Who are we to judge when an officer of a particular company sells their shares and/or options? Everyone has different financial concerns, interests and tax implications. We may not like their timing because the stock is down. I bet there is not a single mutual fund that sold any of their positions because an officer sold some shares or options. This downturn to CLDX has everytning to do with the overall market and state of the BIOTECH sector, which got hammered today. This lost $4 or so in share price from a week or so ago will be recovered in due time. Everyone here will sell , buy or hold based on their own desires, just like the officer (s) that sold some of their shares/expiring options. For now I am holding my 37K shares.
I have one answer to that....Pete Cartwright, Ann Curtis of Calpine sold shares the last year before declaring BK, stock was 57 dropped to nothing in eight month. All the time they said just planned sales, retirement planning, then a big fiasco after Thanksgiving '07, the founder Cartwright is dismissed by John Doer of Chevron on the CPN board, "you have twenty minutes to make a presentation to keep your job". Cartwright fired, the Rosetta gas fields took them down and Katrina gas prices, they lied over and over about the health of the company, selling their shares to lemmings and fools. I'm one of them, I believed them, I lost 456K because of their lying #$%$. They, they are all living in big houses in Atherton and Saratoga Calif. #$%$ Crookstreet, they liars and thieves most of them. Here's to you Bernie Madoff, Cripes, wake up, the CFO sold cause of fundamentals PERIOD, as the liar would say.
Chill Joe, sorry for your previous example, but not going to happen here. If you think so, then sell your shares and move on.
M has never pumped this stock to a fault. He is a professional, and has put this company in a great position for success. Plain and simple. You have to do mental gymnastics to think otherwise.
They f'd my family in order to support theirs! (CLDX). You are spot on about biotech's, they are out of favor, even the great ones got creamed today. because of the circumstances with cancer and family I bought into the CLDX KOOLAID STAND THEME!. Show me something that they have brought to fruition.
Who are we to judge? Who said anything about judging. I view insider selling as a negative. If you want to view it otherwise Ed go ahead and do so! Don't insult my intelligence by telling me an insider selling over 90%of his VESTED, I repeat VESTED holdings, is a red flag!
I think capiche is Italian, remember I am Hispanic. You should have said...entiendes? You need help in the different Latin languages/culture. You probably did not learn any of that in your limited education. Of course you never learned your manners and how being a bigoted/racist person makes you a repulsive person. I will bet you have heard this before.