Mark Biondetti

Mark Biondetti
Contributor since: 2010
I have learned over the years that there are many reasons why corporate insiders may want to sell stock, most of which have nothing to do with their opinion of the company's potential. But there is only one reason an insider would buy stock on the open market, which is that the insider believes the stock will go up. That said, in the case of CAB the insider sale transactions you are referring to were pre-arranged and pre-announced sales for estate planning purposes and, in one case, some shares were returned to the company for payment of taxes but reported as a sale. I didn't mention these transactions because to me they are meaningless in terms of whether they give us a clue as to the insiders' opinion of where the stock may be headed. On the other hand, the same cannot be said for Mr. Mark's purchases -- which, to me, send a clear signal that he thinks the stock is headed higher. Thanks for your question and comments.
Of course you're correct - thanks for pointing it out.
Dear bball1,
So, it's your view that the earth is more likely to be struck by an asteroid than, say, the flow of oil through the Suez Canal might be disrupted? Or that it's more likely that the sun will run out than, say, one of the major oil producers currently friendly to the U.S. winds up being controlled by religious fanatics? I'd love to be your bookie.
Mark
Dear Sasha,
Perhaps you didn't realize that my latest Exar article was a follow-up to a previous article that went into more detail about George Soros. You ought to read it. By the way, I am not an "amature", and the fact that Soros is steadily buying Exar is....well, I guess you could say it's a fact, not imaginary. Following the lead of proven, successful investors like Soros is a well-established and successful method of investing -- and that's also a fact.
Mark