Hi Mike
With regards to how much sadler still owns, I believe he recently sold 341,200 shares for $59.25 to $60.25 for a total of approximately $20,472,000 and then used options to buy 122,000 shares at $8.17 to $8.75 for a total approximately of $1,067,500. He also has another approximately 90,0000 shares valued at approximately $4,000,000 at todays prices. In other words, he recently took $20,000,000 out and put $1,000,000 back into shares. Hmmm $20,000,000....not exactly getting a pool in the back yard or fixing the kids teeth money is'nt it?
Don't get me wrong,...most insiders are selling (although I take good notice of it when it amounts to more than a $Million) ......the short interst ratio on the NYSE is making record highs......Technically the difference between new highs - new lows is making record low numbers......yesterday was worse than October 97.
Anyway, just taking an opportunity to have my say.
Superman |
