It was the day before. Your point about it being an email is exactly my point this could be taken as him knowing something that nobody else did and thus selling his shares. Just looks odd
Right, yea, the something else would have been knowing that in the event of a Trump victory he'd send out this email which could likely hurt the company (it'd naturally get leaked). Obviously it's a bit of a stretch, because why would he intentionally hurt his own company? I just thought it was a bit odd-looking.
Another user in this thread pointed out that this seems to be a monthly thing the CEO does, so this no longer appears as strange.
Comments
Whatever you're reaching for here, it's quite a reach.
He sent an internal email about politics and it backfired. It's not like he gave a press conference announcing the company was in financial trouble.
It was the day before. Your point about it being an email is exactly my point this could be taken as him knowing something that nobody else did and thus selling his shares. Just looks odd
In this the "something else" would be knowing that the CEO is about to send a stupid email the next day?
If he anticipated it would leak and tank the stock wouldn't he have more likely just run it by some folks and sent something less poorly worded?
Right, yea, the something else would have been knowing that in the event of a Trump victory he'd send out this email which could likely hurt the company (it'd naturally get leaked). Obviously it's a bit of a stretch, because why would he intentionally hurt his own company? I just thought it was a bit odd-looking.
Another user in this thread pointed out that this seems to be a monthly thing the CEO does, so this no longer appears as strange.
and they're still above where they were five days ago....
a lot of tech stocks took a beating today[1]. the stock sale, price and email are pretty unrelated
[1] http://www.marketwatch.com/story/tech-stocks-plunge-for-seco...