RE:RE:Is everybody bailingTedOwens wrote:
Trying to spin a positive out of a selling scenario being apparently perpetuated by insiders will not serve an positive purpose......If one looks at the pattern of selling in relation to the points in time just prior to and immediately subsequent to the ongoing results being released, the answer should be obvious...
Spin or no spin. Does it make any logical common sense that regardless of the reason why Goodman & Co. sold 2 million shares of VGD and then turned around and subscribed for over 6 million warrants at $0.10 cents resulting in Goodman ending up with 4 million more shares in VGD???? also, we know McEwen Mining and other insiders have not sold a single share. It is not obvious to me the current selling down prior to the pending results will reflect worse stock price as prognosticated by some. The expected disappointing drilling results might have already been priced or baked into the stock, but a very good chance of positive surprise on the upcoming James Bay exploration news to effect a boost in the stock price. VGD will be working on the other holes through June. CONCLUSION: Here is the upshot: A pattern of insider trades might offer a cue for upcoming market shifts, and it is certainly reassuring to buy or sell a stock knowing that an insider is doing the same thing. However, a person needs to look behind those insider data for some clue.