ev-enthusiast
Active Member
Shorts are toast. When Countrywide Mortgage was headed towards bankruptcy, Anthony Mozillo (CEO) was selling off his shares at the maximum rate he could without having to file an SEC disclosure and alert the media.
If the people closest to the top are buying as much as possible, how can shorts seriously believe the company is going under soon?
As you might know JB Straubel did not buy as many shares as possible during the past. Please check the past couple documents. Usually he sold his shares right away. Keeping his shares this time is a small and nice sign, no doubt. Would be important to know his reasons behind his actions of selling/keeping his shares.
And please go figure what happened to SolarCity SP after EM purchased a big chunk of shares. SP doubled to about $50, now it is back to about $20.
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