RE: My Only ConcernI once worked for a company that had a savings plan that was paid out in company shares. The manager I worked for used to sell of his shares periodically regardless of how the company was doing. His argument was that he had enough exposure to the sector (oil & gas) through a combination of the commodity price risk, his job, and his stock options. To put his savings into it as well was an over concentration of risk he thought. I could see his point.
From an optics point of view it would be nice if they had some more skin in the game (especially the guys on the board) but I’m not worried about it. The urgency that the company showed in getting out the Carlin press release when the stock was poised to break critical support levels was in my view, impressive. I could taste the urgency in that release and I knew that I’d have to get in sooner than I originally hoped for and at a higher price.
It looks to me like the stock is experiencing an upside breakout from a humungous symmetrical triangle. Me, I’d buy the pullback if I wasn't already fully invested.