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Msg  44299 of 45351  at  9/11/2019 8:31:03 AM  by

bioinvestor2011


Re: "Encouraging results" reported by Klassen @ 8:30 am 9/9/2019

 

"Encouraging results" reported by Klassen @ 8:30 am 9/9/2019


 Insider selling commences @ 9:30 am.  Coincidence lol.  Guess they thought Klassen would give them a nice bump.  

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Perhaps I am giving you to much credit because I assume you understand that the selling was part of a 10b5-1 trading plan.  If Spector was so smart why did he not sell at $64 a few weeks ago?  Answer, He couldn't because of blackout periods.  His trades are planned in advance without regard to market conditions or stock price.  I would bet his future sales are already set on the calendar. 
 
What Is Rule 10b5-1?

Rule 10b5-1, established by the Securities and Exchange Commission (SEC), allows insiders of publicly traded corporations to set up a trading plan for selling stocks they own. Rule 10b5-1 allows major holders to sell a predetermined number of shares at a predetermined time. Many corporate executives use 10b5-1 plans to avoid accusations of insider trading.

 





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Msg # Subject Author Recs Date Posted
44330 Re: "Encouraging results" reported by Klassen @ 8:30 am 9/9/2019 followtherainbow 0 9/11/2019 1:35:24 PM


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