Yes, we have gone over this in some previous messages.
Again, if WS bails out just because of the CEO's trading,
I think it will be a great opportunity (for the long term
investors). If the CEO is selling because he knows something
the average John Smith doesn't know about, then there will
be hell for him and the company because on 10/29 he came out
and said that he believe the company is doing great and claimed
CLE will "at least" meet estimate.
I really think he is just taking some money off the table,
why? Well, if you are in your 70s and see your company
making tons and tons of money for the past 2 years, will
you take 10%-20% of your profit? Let's face it, sooner
or later, he is going to cash in some of his stock. I would
be worry if the company is falling behind but I don't think
anyone can claim CLE is not financially strong and does not have at least a stable future (I happen to believe it has a bright future).
If you believe the company is strong and the price is right,
buy otherwise, short. If you are interested in this stock,
wait till after the earnings and I think it will be safer one way or the other. |
