Insider Buying...and everyone else sellingRichardson picked up 40,000 shares in the first 5 minutes this morning in two trades (both @$3.30, buying 37,600 from BMO and another 2,400 from Dundee)...and it's been all downhill from there!
Dundee and some other long-time supporters have been selling the last few days and, although we have been seeing Goldman and Morgan Stanley (among others) on the buy side, the bias still seems to be downwards...whether that be due to Tax Loss Selling (And why not? Lock in some losses for this year to offset other investments' gains, or to store for future use, and anticipate being able to buy back in again after 30 days without much fear that TAO will issue any news releases that will move the share price needle higher in the interim), impatience with TAO or nervousness about the major markets looking vulnerable to 'correction' especially if the Fed indicates it might remove the punch bowl from the party.
Choppy seas we're in right now...but it won't last forever. GLTA