GREY:SYXXF - Post by User
Post by
mountainposeon Apr 03, 2014 3:03pm
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Post# 22407602
Insider Sales not relevant this time of year,
Insider Sales not relevant this time of year,I am a retired investment broker (30yrs.) I can't tell you of the number of times executives have found themselves with huge tax obligations and had to sell stock at the wrong price to cover the bill. Don't look at the number of shares but at the dollar value. $20-$50k is nothing. Clearly with the recent run I would advise a client (CEO etc.) that it might be a good time to raise some cash. Also, remember some corporations have complex share structures. Some of you may recall the nightmare many Nortel employees experienced. They were required to pay tax on gains they never were able to capitalize because they did not "sell as you go" to cover CRA. And, the chart looks very good and the market is hungry for a great story and this is one of the best I've seen in a long time. If keystone gets done the stock will go up 30% on that day alone. Buy a core position for keepers and trade around it for quick profits. Cheers and good trading. Have a plan and work it!