RE:Relax Battley Baught 27k shares at 9.04 on March 28.....
I have to admit that insider selling and buying has a significant impact on my trade bias. I would not have started to trade ACB long again had it not been for Cam and Ronan buying.
But one needs to be aware:
1. Cam's timing wasn't great on the way up, selling too early in December
2. Cam's timing wasn't great on the way up, buying too early in recent weeks
3. The short attack is "serious" here. We've seen as much flooding of new accounts and negativity here as we say flooding of new accounts and hype when this stock was trading at $14-15
There's aren't that many credible short sellers here actually and I finally had to put GordoTheGreek on ignore since 95% of this posts are nothing but ridiculous. It appears that he's the only one who finds his posts humorous.
I would like to thank Schonor (amoung a few others) for being an ethical trader. We need more of these. Because considering all the nonsense here, the scamming traders are as bad as the pumping long only "attack ACBelievers".
I would disagree to be "relax". On the contrary, I would say "stay vigilent". This might not be the right time to sell but it's certainly not the time to back up the truck unless you are a big contrarian.
I'm only putting a small amount of money on the table for now and I've very nervous.