Originally Posted by
Irishblackbird
Well Ted and Co did a superficial stock purchase yesterday. Problem is that was their "tell". It was such a miniscule purchase that none of them would be hurt if we liquidate. It's a nervous bluff in my book, not any real confidence in the "supposed" plan. Or they would have been all in.
Sorry for the lousy metaphor.
C-suite people just can't purchase and sell stock day of, their purchases and sales are made probably weeks in advance. To say none of them would be hurt if we liquidate is nonsense. many of the C-suite hold 100,000+ of shares, most of which was accumlated well before the merger was denied.