director sale of stock, page-3

$9 was a PE of 20 on 2011 earnings and if you ignore PE ratios because you use flawed intrinsic value methods that look at broker forecasts thats what happens, no surprise it dropped so hard. All the suckers get conned with the hype. He should have sold out completely at $9. let this be a lesson no stock is worth paying a PE of 20 unless it has 5 years earnings history and you are confident it's earnings will grow at at least 20%. It takes a few years of listing to iron out the bugs and the rats. I recall reading previous estimates of MCE intrinsic value ranging from $11 to $16. Now that's pathetic.