I KNEW IT !!! I KNEW IT !! Pfizer CEO dumps stock after reveiling COVID results !!

[flamin lib]

33. It wasn't a set sale date. It's called a limit order.

The seller sets a sale price and the length of time the order will remain active. That time can be as short as one day or up to indefinite until canceled. As soon as the stock hits the sell price the sale is consummated. If the price continues to rise there is money left on the table as happened with the Pfizer sale.

It's automated, once the limit order is placed the seller doesn't see it again unless they cancel it prior to sale. It's routine. I do it sometimes, both as a profit taking and as a stop loss. Stop loss is when a stock is losing value and the seller anticipates it may rebound but if not sell it at some point before the loss is at a personal pain level. If the price doesn't fall low enough the sale is not consummated. I've done this as well, sometimes selling and sometimes not depending on limits set.

As for press releases, they are written for public consumption to be understood by lay people. Try reading and understanding an analyst's report. On a scale of 1-10 I'm probably a 4 on sophistication and that stuff is all Greek to me.

There is no conspiracy here. Insiders have to file a form 3, 4 or five with the SEC depending on the size and type of transaction before orders are placed. FDR put some real safeguards in place back in the day. Do people still cheat and commit crimes? Oh hell yeah and they get caught which is why we all suspect foul play. I just don't think this is one of those.

Last week I set a stop loss order and sold 110 shares of a falling stock. The sale was made on Friday. Over the weekend the election was projected and the vaccine announced. The stock I sold rebounded 20%. What a difference 24 hours can make.