More than a year ago I predicted that the NSA will make AMZN by far the most valuable stock in the history of stock markets. The US Government will force the former state of Nevada out of the union using eminent domain for AMZN AWS server farm footprints, and will force the state of New Mexico out of the union for AMZN AWS solar farms to run the AWS Servers and the air conditioning complexes. Amazon AWS will own all US Citizens as it becomes the largest NSA server farm.
C'mon, Cramer. You mean to tell me that in the last 2 decades, not one of your Goldman buddies ever told you the best, by far, housing stock whose parabolic growth almost mirrors the equally parabolic growth of DC fraud and corruption? All these crooks have one thing in common. They all need a place to house their families and mistresses. With Hillary at the helm, NVR will be guaranteed 8 more years of stunning growth.
Could be VCs getting some or all of their pre-IPO funding out. This kind of move for newly listed companies is not unusual. VCs have immense profits to lock in. Their average price pre-IPO is probably $1-$5.
For example, In 1997, Terry McAuliffe, Democrat operative and now Governor of Virginia(!), "invested" $100,000 in Global Crossing, a Bermuda-registered telecommunications company. Global Crossing went public in 1998. In 1999(!), McAuliffe sold the majority of his holding for $8.1 million. I think that Global Crossing eventually went BK, but VCs cashed out staggering profits. VCs are not pure tech superstars who love great long term tech investments. Some are simply in "the club" and see opportunity for a fast buck from the unwashed masses. 'Lucky' Terry made 8,100% profit in 2 years.
FWIW, "Even as the government looks for evidence of accounting fraud at the troubled communications company Global Crossing, some analysts are shaking their heads over the apparently legal ways the company's executives were able to walk away with personal fortunes."