Posted on 11/30/2021 10:27:48 AM PST by SunkenCiv
I sold some stock today.
I wanted the cash.
Why would anyone “require” an explanation?
Think they are intentionally sinking the market?
How about to avoid the Brandon tax on capital gains?
That’s one of those rhetorical questions? ;^)
Or maybe it could be that they are intelligent hard working people that are really good at what they do and are ambitious... I have a gentleman like that working in our shop in Dallas too. He hasn’t shown any tendencies to want to repress any of us...yet. ;-)
A lot of folks that are Dot Indians are in medicine and finance too. Intelligence and hard work still gets rewarded in some places.
For a publicly traded company, any insider (officers and board members) are REQUIRED by the SEC to report sales of their own company’s stock. Rationale being that: “Large sales by insiders can be an early warning of financial or business difficulties by the Registrant.” (SEC Training material)
If you were the CEO of MSFT and needed cash, selling your the stock of the shop you manage makes noise... You as a person needing liquidity — hey have some fun with it and who gives a rip!
How many shares he currently holds or sold is meaningless. It’s how many options he still holds. Look at the proxy.
The purchasing lady at the company I work at is an Indian woman, very good and a bulldog.
These high level tech folks are no doubt intelligent and smart, but they dont seem to carry much thought about what free speech and expression used to mean in this country.
But maybe I still have a Turkey hangover.
4. - They’re cheap, indentured labor.
Maybe he wants to buy a yacht before the end of the year.
Michael Caine [on Jaws: The Revenge (1987)] I have never seen it, but by all accounts it is terrible. However, I have seen the house that it built, and it is terrific.
I was an officer in a company, and i understand all the requirements.
But I am also aware that people shouldn’t be deeply invested in a single stock.
He was required to disclose it. It seems “reasonable” to me. He pays the taxes and gets along with his life.
There are so many people making money off tea leaves that they feel they have a “right” to know stuff they have no defined right to know.
:-)
Easy Lt! Some folks around here may not know how intrusive the machine already was! I didn’t want to start a ruckus, just trying to fill in some blanks.
Most of the stories coming out sound like the Professional Money Managers advice over the last few years — maybe take some capital gains now while it is predictable and get more diverse in an environment that is increasingly unpredictable. Ultimately, probably nothing more than that. And that has been the financial planning / Investment advice chatter for the last 4 months.
I have been trimming stuff myself.
Mostly in real boring stuff right now. Although, I had some “black swan” trades that paid off with the dip last week.
This should not be this easy. And it will bite some folks in the ass. I just moved much of my wife’s 401(k) to stable funds. At our age I don’t “need” 32% a year…I just need it to be there until things get a bit more sane.
It sounds like you are staying nimble and being extremely selective about what risks to take on. Same attitude I am seeing with the folks I look over that do this for a living... ;-) Rock on Lt!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.