I posted this on daytrade thread:
That was some seriously stupid panic on GNI IMO.
What director would sell within DAYS of an announcement and expect to escape the notice of ASIC?
What director would only sell 40k worth of options and still hold a TON of heads and oppies if news was terrible?
Could be a conspiracy to get his mates in for cheap off panic selling from director sell news as has been mentioned already. Or maybe he needed to bail one of his kids out of financial trouble, buy a new car or had a burning desire to purchase 40k worth of lap dances?
Who knows what he needed the cash for, but a few options is nothing to get so stressed out about IMO.
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