Hold on tightFollowing the release of the ConocoPhilips sales contract, CEO David Wilson immediately swooped in and bought 5,000,000 shares for $7,350,000 - increasing his holdings to 23,782,992 shares and worth $55,000,000 today. Assuming he and other insiders are in a blackout until the start of March, because of upcoming news we know of - what might he do with the $27,500,000 now available to him through magin? My guess is, once management is free and able, they will continue to gobble up this cheap stock! Why wouldn't they. Time is on their side, and the public is handing shares out on a silver platter. If shareholders were as smart as Wilson, we would have a $5 stock. Not too often in life are we handed the opportunity for a free ride. Wilson's end goal is to have a multi billion dollar company, and its trading at fractions. He will achieve his goal, and we have the ability to just hitch a free ride.
Rather than taking profits, shore them up like Wilson by increasing your holding. The choice is always yours - buy, hold, sell - so don't go whining when management ends up making hundreds of millions, that you can be a part of by just not selling. Don't get drawn in by the short sellers, nobody should be selling - there is simply no reason and no better opportunity that I can see.