I'm not referring to the stock price, but the insider selling. There have been dozen of thousands of sells done from insiders, as well as the 25% short float. I'm sure with such a high short %, an eventual short squeeze is inevitable...but a 7% squeeze won't make up a 10%+ loss. Why is it that the company insiders are selling, are there going to be lower than expected earnings eventually? Do they know something we don't? It seems extremely fishy. I can't seem to come up with anything based on what I see through my Scottrade or through google
Well, there was a Seeking Alpha article recently by Kevin Quon that implied that SZYM would still be a good company even if it cannot scale up. Still, I think the title is unnerving. Kevin used to be an unmitigated bull. Maybe he found out something.
Painter told the truth about margins because insiders don't want to go to jail when the numbers don't come out as expected. He did this at an analyst conference because those are not covered as much as the CC. The insiders are selling because they know the truth, period. They want to string the retail investment community along as long as they can so they can sell as many shares as they can on an unsuspecting public. Since they just loaded the coffers they can also splurge on an extravagant business lifestyle and write it all off.
Madoff knew that it works as long as the truth doesn't come out.
Can you explain why Wolfson and Harrison are only selling 1% of their holdings every month? If the ship was going down would then not be dumping at a much faster rate? Why hold on to millions of worthless shares?
They may be selling but their positions aren't diminishing much. Exercised options & awarded shares are just forms of additional compensation. They aren't selling out as much as they are just taking their due pay.