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Biotech / Medical : Cell Therapeutics (CTIC) -- Ignore unavailable to you. Want to Upgrade?

To: Icebrg who wrote (611)3/15/2005 5:46:13 PM
From: Icebrg  Respond to of 946
 
>> I would really like to know. >>

Yes, it would be interesting. Maybe he is averaging down. :-). According to Yahoo his two most recent share transactions before the current one was:



25-Sep-03  	15,000	CTIC	 Option Exercise at $11.81 per share. (Cost of $177,150)

30-Dec-04  	15,000	CTIC	 Option Exercise at $6.63 per share. (Cost of $99,450)



Is the guy trying to send a signal here? The amount involved this time is small (for him, I guess). Just some 25 kUSD. But still. Looks like a stupid thing to do, unless he knows something, we don't. Which of course he does.

Erik



To: Icebrg who wrote (611)3/15/2005 6:43:29 PM
From: Sam Citron  Read Replies (1) | Respond to of 946
 
Was this an act of support, greed or defiance in the face of adverse market conditions?

I wouldn't torture myself trying to ascertain his motives. If you believe in the theory of asymmetric information, it tends to be bullish. Thanks for the find.

Sam


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