Chic,
Compare Insider sales of RMBS, Micron and AMD. By your words, AMD and Micron must be going out of business the way insiders are dumping their shares.
Let's compare since July 1st (if you start at the beginning of the year it's that much worse for Micron and AMD - AMD CEO Sanders alone has dumped almost 2 million shares.)
Since July 1st (since these are shares after the 4:1 split of June 15th, they need to be divided by 4 to come up with pre-split shares)
RMBS: 381,800 post-split or only 95,000 pre-split shares
AMD (split on Aug 22 so any shares AFTER Aug 22 need to be divided by 2)
AMD: 813,003 shares
The AMD CEO alone since the begining of the year has dumped 1.775 million shares. Now that's confidence for you.
MU: 7,215,431 shares dumped since Jule 1st (no splits for Micron during that time)
MU = 7.215431 million shares DUMPED or 1.277% of outstanding shares
AMD= 813,003 shares dumped or 0.522% of outstanding shares (pre-split shares)
RMBS=95,000 shares or only 0.393% of outstanding shares (pre-split shares)
And if I start from the beginning of the year the numbers for Micron and AMD are much much worse (as I said, the AMD CEO alone has dumped almost 2 million shares since the bginning of the year). Should I be saying that because of the insiders dumps that insiders have been dumping Micron and AMD like they are going out of business? I doubt that's the case, don't you think? So insider sales, as you can see, means very little. |
