Seeking Alpha
  • Seppo Sahrakorpi
    What is going on? President & CEO Ungaro has dumped half of his $CRAY shares in the last 3 trading days, around 300k shares dumped...
    5/20/14
    Reply (19)
    • Seppo Sahrakorpi: ...He still has 300k remaining. http://bit.ly/1nmcWKF
      5/20/14
    • Seppo Sahrakorpi: FIrst of all, he practically did not sell anything last yer, but now is exiting at scale. Secondly, this is roughly half a days avg. ...
      5/20/14
    • Seppo Sahrakorpi: ...volume of shares sold over three days, i.e. enough to put downward pressure on the SP. Why on earth sell at such a quick pace?
      5/20/14
    • Seppo Sahrakorpi: I am not happy.
      5/20/14
    • 1980XLS: Why the quick pace? He needs to sell before you do while the price is good.
      5/20/14
    • Seppo Sahrakorpi: I smell fish...
      5/20/14
    • 1980XLS: If than thing breaks $23, it could be curtains! Stay alert.
      5/20/14
    • User 8474661: He or his wife has an expensive spouse?
      5/21/14
    • Seppo Sahrakorpi: @user Could be that, or some health issues. It would have been nice to see some pre-emptive PR release, just stating say...
      5/21/14
    • Seppo Sahrakorpi: ..."selling for personal reasons", if that is the case. A quick sell like this, immediately publicized indeed implies that this is...
      5/21/14
    • Seppo Sahrakorpi: ...nothing 'sinister'. And also, other insiders are not selling at scale (just some smaller scale, seemingly scheduled selling).
      5/21/14
    • Seppo Sahrakorpi: @XLS I have a feeling you are not long $CRAY :) Anyways, CRAY's business is growing strongly, it has great plans for expansion,...
      5/21/14
    • Seppo Sahrakorpi: ..., they just doubled production capacity, and the FY2014 guidance is unchanged at $600M, so all public information looks good to me.
      5/21/14
    • jamesingram32: hey, seppo, what's your thinking at the moment on cray. They have presented another buying opportunity? thanks
      6/3/14
    • Seppo Sahrakorpi: IMO, yes :) I am all in already, having bought a bit too early at a bit higher. But the fundamentals are still the same, i.e. promising...
      6/3/14
    • jamesingram32: ty. may go and dip some toes...
      6/3/14
    • jamesingram32: ok, toes are in, at $25.30, not a huge amount, but enough for a run up to bring a little smile :)
      6/3/14
    • Seppo Sahrakorpi: It is also good in forcing you to pay closer attention. I sometimes do that with some stocks...
      6/3/14
    • jamesingram32: thanks. I'm not as good at attention as someone like yourself...but I do try!
      6/3/14