CEO has elected to cash in on options every chance he gets. He must have an awful accountant. Short term capital gains, get taxed at the highest Fed tax rates, but this CEO lives in CA and has to pay 10% on top of the federal tax to the State on short term capital gains. Must want out pretty bad to accept a 46% Fed and State combined tax rate on these gains.
Things to worry about:
CEO/insiders cashing out
Abingworth cashing out
SGI-110 maybe a second line drug
Dacogen generic on the way
Burn ramping up
LEE-011 4 trials still not underway
Pumpettees who are seldom right....predicted $9 a share
ASTEX share price has to rely on a strong stock market
Pumpettees admit they are dumber than a third grader
Things to be thankful:
Pumpettees not teaming up at 3am
Pumpettees only down 18.9%
If you are believe that the cashing out by Manuso is an important factor and that makes you scared then you should sell.
I am going to stick around to see this through. Why? There is a lot more upside than down side in the immediate future. So you can beat your little drum all you want most of us longs will be here for the prize.