The last sentence is a hyperbolic but I generally concur. My thoughts are these. I began to get concerned with Cramer pumping around August and got very concerned when Creutz downgraded, which caused me to take my profits, and then Icahn sold. Recently, the big move pre-earnings got me to get in and out to make just over $1/sh. And then February just got really weird with that post-earnings selloff and run higher into which Z, Slatoff, Strauss and Lainie all just sold. With what I know now as to releases, and what I assume about GTA V DLC PS4/Xbone, I see a profit but not a bright FY15 so I'm watching and waiting because given what I know I think $17-18 is my high end fair value today. This recent insider sell scares me and has me thinking the bottom maybe closer to $16, which probably isn't far off if non-GAAP FY15 EPS is $0.80 or so as I'm thinking. If that ends up being worse, which I don't expect, then rodd's crazy numbers come into play and we could get another great trading opportunity as we did in 2012 - pre-RDR (FY16?).
Sheep, these sales are normal and expected. This is not a bad thing at all. You should know better. Both Lainie Goldstein and Karl Strauss are required to sell their shares, the transaction reported on the Form 4 was effected because of the Rule 10b5-1 trading plan they had both entered into to. Lainie Goldstein only sold 6,650 shares, and she still owns 635,883 shares of the company! And Karl Strauss only sold 15,665 shares out of the 574,304 shares he still owns of the company! These Rule 10b5-1 trades mean absolutely nothing and have no effect at all on the share price.
Lainie and Seth were "normal and expected."
Z and Slattoff's enormous sale is not. And if you really think this "mean(s) absolutely nothing" and will have "no effect at all on the share price" you are in Colorado. The Chairman/CEO and President just sold 45% of the shares they control, $35,000,000.00 worth. This will be a topic of discussion in Barron's and perhaps elsewhere, and of concern to anyone thinking rationally.
This is very bullish. The insiders dumping millions of shares know this is headed much higher and are selflessly giving up their shares for retail investors to snap up. A truly magnanimous gesture. It has nothing to do with the pipeline not being as strong as they've said recently, with Bioshock the latest franchise to suffer, no Borderlands 3 coming any time soon, and Max Payne also probably dead.