I doubt any of the insiders are losing sleep over their purchases. What they bought in the open market is small compared to what they already have through options and grants and what they will get over the next couple of years. Besides, they know the big picture and how things are going to happen. They knew the potential of write downs when they bought the shares. You guys seem to think that the insiders are traders. They aren't. These non-cash write downs come at a time when Floyd and company really don't care what the stock price is. What they DON'T want to happen is have these types of things happen a few months before a sale. We've still got 2 or 3 years left before we know if Floyd's plan works or not.
Don't worry. Floyd sounded the same way on the call after BHP bought Petrohawk for $38.75. It's his style, like it or not. He has never tried to "pump" the company too much. He puts the figures out there for everybody to see and if they like them, fine. If not, he'll keep working the plan. This is a "game" to him and whether he wins or loses doesn't happen until the end. He doesn't care too much what people think until the time that a suitor shows up at the door. Probably 2016, in my opinion.