possibly they wanted to maintain their capital base, nothing worse than thinking you have a certain number to then lose it, easier to have never have had it at all.
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Agree winner, I have a feeling that may be the last of the selling pressure coming into May - I hope! Just purchased a small position. Talk about sheep follows sheep.
The selling by AIR staff is a concern. I don't think they would be doing this if they weren't sensing some turbulence ahead. I wonder if it is something to do with VAH as well as the other factors.
Nevertheless, I am going to sit it out, average buy 2.44, and they are 6% of my portfolio. If they stabilise at about current levels....may buy a few more.
Have a good weekend everyone.
RTM.
Next major support is 2.35. After that is below 2. RSI suggest its over sold and at the level close to last 2.35 level. So I don't think it will go below 2.35.
Oil still climbing. Wonder what AIR's hedging situation is
Well that is the legal perspective however having worked as an executive three years ago at at fortune 500 no way would they allow you to sell material shares in this context without you knowing it will effect you job prospects. It is heavily frowned upon across all major companies. It is unusual in a downswing to see material parcels in the US or UK sold by executives, only on the up or when you exit.