The overall pool of money involved in these movements over the past few months doesn't seem very high, relative to overall capitalisation. If the staff and Exec own lots of shares (which is highly likely) and also Capricorn, and the 4C was going to be bad, we'd see the SP drop like a stone now. I take some solace in that.
SPX might be annoyingly run by a person who likes pulling cash out of the till, but it's also a cheap stock with substantial upside potential based on the trend. I was going to sell at 9 last night but I realised that the upside is worth holding for, at least until the next 4C. Which as stated above, can't be that bad,, or we'd be seeing bulk selling from insiders.
How's my logic?
BTW I have an average buy-in of 8.5 and I'm in for $30k.
SPX Price at posting:
0.9¢ Sentiment: None Disclosure: Held
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