Post by
mountainpose on Apr 03, 2014 3:03pm
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!
Comment by
techiy on Apr 03, 2014 3:13pm
Thank you mountainpose. I am adding untill it is $.45 , I am not a long time keeper though. Do you think it is a good move.
Comment by
mountainpose on Apr 03, 2014 3:34pm
Yes. But have a plan and work it! There is no stock available as per Level 2. so don't chase it too hard. Use the half points to see what comes your way. Good luck.