IMHO, today's drop could be selling pressure caused by smaller insiders; especially the ones who didn't participate in last month's secondary. You folks are going to shoot yourself in the foot if you keep this up. The best way to sell stock is to set your targets high and use limit orders. If a bunch of insiders try to dump at market then they will cause the price to fall. Once you set a body in motion it is tough to change it's momentum without an outside force... Your next earnings report is still awhile away so be careful.... PLEASE USE LIMIT ORDERS!
Whereas many have soared to infinity and beyond
What the heck is wrong with the company
Is the Internet-of-things for real
If so then Insiders should be buying hand over fist and letting investors know that they aren't the only ones that think so
Alternatively the company could go on a buying spree and buy back a ton of stock
Regardless, management shouldn't accept another share from the board until they turn this around
InvenSense is becoming synonmyous with garbage in the portfolio; it current has a stink to it.
The interesting thing about this lockup is that many of the insiders that one might worry about sold shares in a secondary back on April 10th and they are probably stuck in a new lockup period that lasts anywhere from 90 to 180 days... Of course, one would have to dig through SEC filings to find the exact period of time but I was able to find indication that the secondary is likely under terms of another lockup. When they sold into the secondary they set a new resistance level of $30.96 per share because that is what underwriters and the market priced the stock at in early April.