RE: Ouch Despite the very bad taste, that management used the price dropdown to grant itself options, you should not forget, that most of the management has quite significant older positions that are way under water.
It's not that they do only have a skin in the game since the last cheap offering of options.
But i agree: stupid institutional sellers that buy high and sell low. Remember how keen the banks were 2007 to get their hands on AAA MBS and you know everything about these "experts". If Bernanke sells them gold plated s.it where the price would be high enough, they would buy it.