but rule 144 "planned sale" does not mean already sold.
look again at the insider charts for AAPL at yahoo finance.
two of the three latest registrations are either just repeats of
15 jan entries for the same number of shares, or fresh batches
delivered quarterly. of the seven section 16(b) insiders,
only cook has had intervening sales matching his 175,000.
i believe certain classes of rule 144 stock require
re-registration within 90 or 120 days if the shares aren't
actually sold.
what happened is likely the following --
like many of us, they were watching for a runup to 50
in january. from the yahoo daily tables, there was
a high-volume local maximum at 47 on 13/14 january, then a collapse
on 14/15 jan. perhaps the collapse was triggered partially
by the seven rule 144 registrations!
funny thing about the rich, though -- they don't necessarily
*need* the money at any particular time, so, except for
cook, they've just waited it out. so at least 6 of 7 are
still waiting for that magic 50... |
