A LOT of insider trading lately - Good or bad?According to Canadian Insider there has been a LOT of trading from insiders lately. It is good if they invest by exercising options, but I can't help to feel bad about them doing these transactions in a very bearish trading momentum (for ATE, that is). I annoys the hell outta me that we (although longs) can't see our own stock go up in valuation as long as there is this massive dumping of shares from (mainly) the directors.
Yes, I understand if the board of directors want to cash in a bit - but they had a better chance doing this right after the trial results March 19th, right?
Sure, would have looked bad then, but still looks just as bad now when posting that CEO news letter making the market happier about ATE future while dumping stocks in a bearish momentum. Does not signal honesty to us who doesn't have any options to exercise......................................
I know it may look like they are confident in their companys future by converting options into shares - I just don't like to see them doing it on this scale all at the same time lately.
Could this mean they are somewhat worried about the upcoming release of the secondary end-points and that this might move the share price even lower? Meaning this is their best chance to have some extra cash for themselves in a while?
Or could this mean they know there will be a much higher valuation of the sp in a very near future (a month after all their insider tradings are done) due to some good news release that will bring buyers back en masse, and higher trading volume? Or what?
I certainly believe that Antibe has a bright future - but some of these recent insider trades taste bad at the moment. In fact - to me they kind of stink :-(
What are your thoughts on this?
Antibe Therapeutics insider trading