Does anyone think it has to do with more insider selling before year end ? This has been one of the best performing stocks this year.
That is so untrue. He downgraded it from Buy to Neutral with a $11 target.
Who knows one day rare earth stocks will be hot again ? I plan to buy some more. This is not a scam like other drilling companies. It just takes time and patience is the key.
who would be the buyer ? Would be happy to see a major investment from an activist investor like Carl Icahn.
Here is what spooked me to sell half of my positions today at $4.50. I think the price is propped up so someone to unload. I'll load up some more later but decided to cash in half of my chips. That Lee Cardir, not sure how he is affiliated has a big position that he planned to unload before year end. By the time the news break of his SEC filing, the drop would drop. Look at GRPN. MMs used the excuse that the Founder and other insiders sold some stock a couple of weeks ago and stock has been weak ever since.
Date Name-Position Transaction Shares Price Range ($) Shares Held Mkt Value
12/20/13 Cassie H Meresman H...
Trustee Planned Sale 7,500 -- – -- -- $26.8 K
12/6/13 Lee Cadir B
Affiliated Person Planned Sale 200,000 -- – -- -- $608.0 K
11/15/13 Meresman Stanley J
Director Sale 1,666 3.95 – 3.95 -- $6.6 K
Meresman Stanley J
Director Exercise of Options 1,666 0.000 – 0.000 -- $0.0
11/1/13 Ko David Y
Affiliated Person Planned Sale 100,000 -- – -- -- $300.0 K
10/31/13 Chiang Steven T
Affiliated Person Planned Sale 37,500 -- – -- -- $107.6 K
Meresman Stanley J
Director Sale 3,750 3.57 – 3.57 3,750 $13.4 K
10/30/13 Cassie H Meresman H...
Trustee Planned Sale 11,250 -- – -- -- $33.4 K
10/29/13 Lee Cadir B
Officer Planned Sale 4,938,730 -- – -- -- $18.3 M
Good for you. You can always buy back should the market corrects. I sold half of my position today as well. Got in at $3.22. I saw the planned sale in December from one of the trustees so they could be bringing this up for an insider trade.
why on earth would they sell now ? don't tell me that it is end of the year tax planning. That is all BS. Check out how many times Jeff Bezzos sells his stock in the past 5 years.
Buffet has a reputation of holding long term and is a steady investor. If Washington is seriously about getting out of the business, they should approach Buffet. I think this would be a shot in the arm and lift the whole real estate market. I prefer to have Buffet own this than some other crooks like Ackman and Icahn. Both are so called 'activist' investors, which means they use their cloud to stir up the pot, cash in and leave everyone holding the bag.
I'm a long and not a short term trader. I went in at $1.70 and have been adding. Looking for it to return to its glory days.
I think the group buying concept is still relatively new in that part of the world. Competition is not as strong. I've lived in the UK before and they don't have the kind of choice that we have when it comes to shopping.
I just got another Groupon item today. Very happy with my $10 mini car vaccum. So far I've not returned any items purchased from GRPN. The items have been good quality.
Got one as well. They mentioned it on the call that it was a test to show how much can be sold without a email blast.