When two insiders sold out their entire positions, get out now!
So you see that Potter sold his shares and said the sky is falling. Now we find out that he is leaving the company. I guess that explains the sell off. What Doom and Gloom can you spin off of Potter leaving.
Maybe he didnt nail it. Congrats longs. I would still cash out.
You are absolutely right. Ole insider Potter always nails it. I have seen him do it over and over. I like the stock and have watched and traded it for a couple of years now.
For most companies, insider sales are useless as indicators.Potter always exercises and sells his options as they vest, which is every three months. I've seen other CFOs do that.For Fanning's recent filing, he sold one-third of the options he exercised. This is probably for tax withholding.http://www.sec.gov/Archives/edgar/data/855658/000085565811000028/xslF345X03/edgardoc.xmlMilstead's recent exercise/sell was a mix between execute/sell all and execute/sell some for taxes.He still has nearly 200K options outstanding, and probably not vested.Options and restricted stock are now simply treated as another form of income by most company officers.I would only be concerned about insider sales if it's a founder selling their founder's stock.