If Rosen set Capellas' options at a higher price, then certainly he has those expectations for the stock. Given the remarkable quarter, Rosen knows that the best is yet to come. To sell into a partial recovery this early is illogical in my opinion, given his wealth, knowledge about the firm, recent promotion of Capellas, ramp up of new products, increasing market share, and on, and on, and on...
Given that the mutual fund tax loss selling is nearly over, I would suggest that any significant selling at this point is strictly related to money managers jockeying for position so that they can minimize the tax effects for their customers as well as look good on paper when their reports are printed based on month-end data. JMHO. |
