Wonder how long he has owned these 20,000 shares
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Its just one guy selling, and the shares have already fallen 25 cents in the pre-election uncertainty and its by no means whatsoever the only share coming under pressure. Even fairly safe and predictable shares like HBL have copped a beating over the last week.
Who would know, do you? Irrelevant really, insiders forced to broadcast their trades, just follow the money. They're consistently correct on the trend, and particularly the turning points. Would be stupid to ignore the insiders. Few stocks are so prone to insider sentiment.
So what about his sale of 243,493 shares at about $2.32 each around 13th March then?
Or Mr Jones selling at $2.78 in May?
or Mr Whittaker selling at $3.00 in June?
Maybe the smart ones are Ms Jenkinson buying at $2.39 late March or Ms Walsh buying at $2.55 in early May?
On the plus side there are more than one insider so insiders trades and other plural words is correct.
Best Wishes
Paper Tiger
PS I believe this airline (& a few others) to be over-priced.
Not caring about those inside traders right now but suffice to say that I got way way heaps more shares than John Key :p
There's no FA or TA used by staffers. They are so poorly paid, they have to sell their shares the minute they are able to be sold, just to put food on the table..............
:p
[QUOTE=Xerof;684579]There's no FA or TA used by staffers. They are so poorly paid, they have to sell their shares the minute they are able to be sold, just to put food on the table..............
:p
The first sentence is actually very true - just look at the prices most staffers gave their shares away at, over the past 15 to 18 months[/QUOTE]
Very true. There were multiple sales by many insiders in early 2016 at substantially lower prevailing prices than the current SP. If we'd all followed them like sheep nobody would have collected the juicy special divvy last year not to forget nearly doubling your money since this time last year.
http://www.nzherald.co.nz/nz/news/ar...ectid=11923227
Not a good look (especially in the eyes of foreigners)