| | | Narrative changing, as either the truth comes out or something
In any case the Reddit Army / WSB folks surely infiltrated, as all color revolution, and manipulated
Or Christmas 2021 arrived early for some folks
zerohedge.com
KOSS, AMC Insiders Dumped Millions Of Shares Into Reddit-Raid-Rally
As the Reddit Raid rally fades, there are winners and losers on either side of the various trades placed. However, there are some that did very well - the heavily-shorted-company's executives!
Silver Lake Group dumped over 33million AMC shares into the ramp...
Source: Bloomberg
And various executives at KOSS (John Koss, Michael Koss, David Smith, and Lillie Lenore) dumped around $24 million of shares into the ramp...
Source: Bloomberg
Perhaps the greatest irony is that the value of the shares dumped by the KOSS insiders exceeded the company's market-cap before the chaos began.
On the other side, we are sure these GME insiders are kicking themselves for not holding just a couple more days...
Source: Bloomberg
All of which means, the trend of insider-selling into record highs and re-emerging buybacks is set to rise...
Not exactly confidence-inspiring!?
Clearly, the message from the C-Suite, much like that of so many officials across the nation during COVID lockdowns, is "do as I say, not as I do." Just keep buying my stock while I sell it...
Are America's corporate executives worried about socialism... taxes... and the 'eat the rich' mentality that is coming? Perhaps it's time to do as they do too? |
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