Darren's Rovell take on PWCC, etc.

[Dpeck100]

Originally Posted by MULLINS5

Not a fan right now is PSA, but I don't think his stock selling is anything sinister.

The CFO has done the same thing both years at the exact same time. He still has over 200k shares. Yeah just diving out of the stock.

People should look stuff up before they make wild accusations. There is no downside to saying the stuff because a lot of people want to believe it and quickly get out the pitchforks.

[Dpeck100]

This is Darren Rovell.


https://www.youtube.com/watch?v=58MJrealc9I

[Johnny630]

Originally Posted by Dpeck100

This is Darren Rovell.


https://www.youtube.com/watch?v=58MJrealc9I

I just wasted 33 seconds of my life....thanks David !!! LoL

[Dpeck100]

Originally Posted by Johnny630

I just wasted 33 seconds of my life....thanks David !!! LoL

I remember when this first surfaced and I was like WTF this dude is brutal.

He was on CNBC for a few years so I was very familiar with him.

It makes sense why he wants to go after people.

[Rhotchkiss]

I think it is an excellent article. Well written, very informative, and unafraid to name names and call out rolls/involvement. It is a little biased toward the collectors and makes some harsh statements, but I welcome that. It’s about time we had a stronger voice. Good work Darren Rovell- keep writing!

[japhi]

Originally Posted by Dpeck100

The CFO has done the same thing both years at the exact same time. He still has over 200k shares. Yeah just diving out of the stock.

People should look stuff up before they make wild accusations. There is no downside to saying the stuff because a lot of people want to believe it and quickly get out the pitchforks.

I know that you live in this world, is it that common for a CEO to but low sell high like this? Moving around up to 40% of his holding? I would think at minimum it is a tell to the market that a new high is in. Would be interesting to follow his buy and sell patterns to see what the next 180 days looked like.

[Dpeck100]

Originally Posted by japhi

I know that you live in this world, is it that common for a CEO to but low sell high like this? Moving around up to 40% of his holding? I would think at minimum it is a tell to the market that a new high is in. Would be interesting to follow his buy and sell patterns to see what the next 180 days looked like.

Joe Orlando in reality has never owned a ton of stock.

In many cases when someone exercises options they sell enough to pay for the taxes to keep the remaining shares. I can't say for certain but that is what it looks like took place recently.

It also appears he was at the mercy of the market a year ago when their stock was down because of their coin division and he was forced to leave a nice chunk of money on the table with that sale.

If someone wanted to evaluate whether or not insiders were selling they should watch the CFO who has a much larger share position and his sale was just over 1% of his holdings.

These sales were clearly planned with the exact timing of last years sales so I wouldn't read anything into it one way or another. These guys are not Carl Icahn and aren't totally swimming in money so it is natural to see some selling and increase in current share count at the same time.

[Peter_Spaeth]

Dave I haven't looked at the filings but maybe you have, does he actually have a 10b5-1 trading plan in place? If so then it means less than nothing.

[Dpeck100]

Originally Posted by Peter_Spaeth

Dave I haven't looked at the filings but maybe you have, does he actually have a 10b5-1 trading plan in place? If so then it means less than nothing.

I don't think so and especially because of the pattern of sales.

David Hall did and for quite some time he was making planned sales and you could see the pattern. For those that don't know this means you must sell shares consistently at a specified date regardless of price.

His holdings have actually increased by just over 20k shares in his last filing so he has stopped selling.

All one must do is look at the insider data and they will see what has happened here. Joe was either paying for taxes to keep the shares or selling a few for some other reason but neither could in any capacity be viewed as nefarious.

This was added to the story for shock and awe and it worked. It just wasn't true.

[Peter_Spaeth]

Originally Posted by Dpeck100

I don't think so and especially because of the pattern of sales.

David Hall did and for quite some time he was making planned sales and you could see the pattern. For those that don't know this means you must sell shares consistently at a specified date regardless of price.

His holdings have actually increased by just over 20k shares in his last filing so he has stopped selling.

All one must do is look at the insider data and they will see what has happened here. Joe was either paying for taxes to keep the shares or selling a few for some other reason but neither could in any capacity be viewed as nefarious.

This was added to the story for shock and awe and it worked. It just wasn't true.

Most plaintiffs' lawyers don't understand sales by insiders either.

[Dpeck100]

Originally Posted by Peter_Spaeth

Most plaintiffs' lawyers don't understand sales by insiders either.

This was a hit piece and you need some salacious BS to get it moving.

Accusing the CEO of dumping stock before the pending doom that is being written about is slanderous. A dude like Peter Thiel would make his life miserable if it was written about him.

It will be interesting to see if one day PSA goes after someone trying to publicly hurt their reputation. It could be very costly for that person in legal fees.

[CurtisFlood]

I'm glad I have very few graded cards to present at the National. I have usually sold 95 % raw material.