Insider Sales & Buys @ ACC
Here is a screengrab of insider sales and purchases at ACC:
CLICK TO ENLARGE
Personally, I elect to give the most weight to CEO Bayless’ recent sale. At $1.2M it is easily the largest transaction. Further, since it was conducted by the leader of the company, I have to question why he is unloading the company that he leads. What does he know? Is this sale consistent with the optimism and “bullishness” that he expressed in the last conference call? I think not.
It should also be noted that there were purchases last year that barely broke $100k. Interpret this data as you will. I think it rises to the level of irrelevance. The purchases are convenient. I don’t believe. I’m still watching the big dog. Always follow the big dogs. Big dogs lead the crowd.
What’s the matter with the crowd I’m seeing?
Don’t you know that they’re out of touch?
Should I try to be a straight ‘A’ student?
If you are then you think too much.
- BILLY JOEL