Seeking Alpha
  • Alan Brochstein, CFA
    $VRNG insiders were selling morning of verdict
    11/9/12
    Reply (16)
    • institutionaltrader: Alan- A little perspective..1) these were planned sales (so had nothing to do with the verdict or verdict day and 2) the size is miniscule
      11/9/12
    • Alan Brochstein, CFA: Do you have a copy of the plan? I know that they are part of a plan and have been warning that it will persist and even intensify
      11/9/12
    • Alan Brochstein, CFA: By the way, my read was that the trading plan they established was a way around a lock-up
      11/9/12
    • Alan Brochstein, CFA: PS, I think VRNG offers reasonable up/down here as I have been saying for now 3 days
      11/9/12
    • SVP: I've been on the Board of a publicly-traded firm. Predetermined trading plans provide insider access to markets even during lock-up
      11/9/12
    • Alan Brochstein, CFA: Exactly. They agreed to lock up shares but were able to get around it. Longs should understand the dynamics of free stock and easy sales
      11/9/12
    • Capturetrends: Insiders can sell if they decide well in advance at what price or when they want to sell. No bearing on current market conditions
      11/9/12
    • Alan Brochstein, CFA: Insiders, flush with FREE stock, cash out, public left holding bag so far
      11/9/12
    • tdot.rep26: i gotta agree with you on that one. on the morning of the verdict is abit too much... pre-determined or not
      11/9/12
    • Alan Brochstein, CFA: It's trivial by itself - longs need to be familiar with the overall pattern and trends though. A flood of selling is awaiting any px rise
      11/9/12
    • takesolace: that they sold on 11/6/12 is because price > 4.25, not because of the verdict. don't sensationalize. http://bit.ly/RIfeSC
      11/9/12
    • Alan Brochstein, CFA: I don't think I sensationalized at all - very factual. But, you hit the main point: Insiders will sell, sell, sell
      11/9/12
    • Alan Brochstein, CFA: Am I the only person bothered by cancellation of a lock-up? Many investors may have bought in on the back of the lock-up. It's scummy
      11/9/12
    • takesolace: might be. wall street is scummy. insiders sell. i know it. you know it. no one gets paid here < 4.25. if you don't like the story, move on.
      11/9/12
    • Capturetrends: Alan they were planned well in advance and has nothing to do with verdict this week
      11/10/12
    • Alan Brochstein, CFA: You are correct - I didn't say that they had anything to do with the verdict
      11/10/12