I have not only been complaining about the shamelss selling, but also complaining all of these shameless granting of RSUs. Raouf has absolutely no faith in MSPD. He just talke hype so he can sell stock. He should be fired as far as I am concerend he got us into this mess with the acqusition of the picochip.
Yup, they r selling when new buyers don't come in. However, support is at ~4.2, at this level some buyers step in. If they stop buying at this level, it'll fall. I bailed a few days ago. I wait to see a clear direction before i get in again. And i think most sellers and buyers have the same attitude.
This action has nothing to do w/ insider selling. It's convertible bond arbitrage. Bondholders are shorting the stock. Look at the short interest. Look at the intraday trading action. Clearly manipulated.
No Raouf's sales are all greed combined with no confidence in the company. He really #$%$ this company with that picochip purchase and are you saying that Raouf has a hard time making ends meet with 600k+ sallary?