RE: RE: RE: Net selling by insiders !!PSN's volume is just normal today. There seems to be no panic selling, especially no insider dumping as that clown said. If that's true it would be about 4 million shares being dumped in the open market and a lot of blind followers would do likewise setting off a panic. Since going public on November 4 this stock has been trading around a million shares daily.
I always suspect that there is some shenanigan going on when a stock pays you 10.6% ($1.08 / $10.22 = 10.6%!) and seemingly on solid ground. There has to be some thing funny going on. PSN can go down, don't get me wrong, but not after it just opened for business in less than a month - for Christ sake! Bernie Madoff's little game lasted for years and even after the news broke, people are still lining up giving him money to invest (strange but true). Perhaps the sell down is the result of "wash trading" the market is full of scumbags like that.