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Amit Ghate
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I'm a private, full time trader interested in both long and short ideas. My training and background are in engineering including a decade of consulting engineering practice. I've since switched over to investing/trading which I've done full time for 15+ years and to which I bring a contrarian... More
  • NFLX Insider Sales Graph Update 0 comments
    Aug 29, 2013 4:46 PM | about stocks: NFLX

    In today's article on NFLX, I included a graph showing insider sales vs stock price. Though it doesn't change the basic conclusion, the graph contained errors (I included option exercises as sales, and missed the fact that some transactions were buys). Below is a corrected version of the graph. Negative insider sales (as exist in April and May of 2012) are buys. The negative stock price on the right hand axis is just an artifact of trying to get all the grids to align, they are of course meaningless. Finally, in the article I mentioned that insider sales in April 2013 were >$300M, in fact they were $103.6M. Sorry for the error.

    click to enlarge)

    Disclosure: I am short NFLX.

    Stocks: NFLX
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