What a strange thing to say by someone as knowledgeable as you...

What a strange thing to say by someone as knowledgeable as you dugsab. If pure logic indicates management selling is a bad omen and buying is bullish then we know now that Steve's selling just before positive developments and rapid share price gains was not a sell signal. I have been badly burnt in the past in other investments taking management buying as positive signals when things were going pear-shaped. There are always other reasons than what logic may indicate. We know of examples of famous people buying shares on multiple occasions just before they increased in value. Therefore in order to figure out the reason for management selling activity, we would also need to know who was on the other side of these transactions and why they had to be rewarded in this way as it turned out.