Haim, my favorite part of your message is the "no response necessary", which basically says, "What YOU say is useless chatter, but what I say is worthwhile wisdom."
Well, the last time you posted a message like that on this board ("This stock's going down, it's obvious from the optimism on this board, let's talk again in nine months, no response necessary") and then in nine months the stock more than doubled, we got to see who the purveyor of "useless chatter" really is.
An absolute dollar figure of insider selling of a highly-valued stock is of no interest. When these guys have this much money tied up in one highly-valued security and they DON'T sell some to diversify, they're crazy. Who cares if they sell? It means nothing. I sold a little too at 127.
The percentage of their holdings sold would be of more interest. How much did they keep? How many options are they going to vest next quarter and next quarter? How many options would they have LOST if they don't exercise them? I assume a sophisticated fellow like you is aware that most options expire after 7 or 8 years, and unlike their competitors, SUNW's managers are long-timers with the company because unlike their competitors, they don't get fired for poor results.
You're really right, no response was necessary to your statement because of its utter lack of substance.
Let's talk again in nine months.
--QS |
