I am concerned when I see that the Chief Marketing officer, Leslie J. Kilgore, and Chief Content Officer, Ted Sarandos, among other executive officers are dumping at these prices. Hell, even Reed Hastings, Founder and CEO thinks this is too much, I must lock in.
If the insiders are selling to lock in some profits, I think it's time to lock in as well.
My strategy. I locked in my long position and shorted the stock at 130...My downside is I will end up with zero sum. However, I believe these insider sales are a good indicator and my potential to make few chips is greater that losing few chips....
I think this stock will hit 120 before it hits 135......
execs sell stocks all the time and they are automated selling at preset times so that insider trading rules would not be violated. In addition, they constantly get new options and they have to sell their old options as they might expire depending upon when they were granted.
I don't know if that's exactly the number but he owns over one and half million shares and are adding a couple hundred thousand shares a year though stock option. Those are more than enough to make sure he works hard to get the company more valuable.
You are a troll and a newbie.
Insiders have been selling for the past 3 years since I've been on this board. That was when NFLX was trading at $30ish. Look at where the stock is now...
Just ask Yankeedoodle. His premise for shorting NFLX over the last 2 years was because insiders have been dumping. He has been totally wrong ever since! Ask him how much money has has lost with his shorts and puts...
Hasting and executive management has done a magnificent job of creating shareholders' wealth. They deserve every penny! Netflix is now a household name.
You're absolutely right. Nothing unusaul of NFLX programed selling. Insiders there have been doing that since the stock was only a fraction of current price. They actually lost a lot of money by "dumping" their stocks. It's just trolls and bashers can't think of a better reason to save their stupid shorts.
You are absolutely right, program selling was designed to justify an insider
bailing out. It takes them out at the top ,makes them legal and makes millions for Wall st. hedge boys
I sold in the money calls on TOLL brothers in 2005 when I saw the CEO had sold over
900 mill in stock and I made 50grand.
I am selling the Jan 2012 145 nflx calls now for big premiums for same reason.
Programed insider selling has been going on all the time at all companies. Insider selling/buying has been proven to have very little correlation to stock price. It may come as a shocking matter to you but even the insiders can not predict where the stock price is going.
That is the oldest "reason" that is given for insiders selling stock. Get over it. With all high flying stocks that is the excuse the media has made people believe so that they don't get alarmed. Look and Countrywide and Toll Brothers. Those CEO's sold all the way down the whole time talking about the durability and prospects of their businesses.
Sell NFLX, REIT's and WYNN.