Post by
leanguysea on Oct 09, 2012 3:27pm
Where are the insider buys?
There's something I don't understand. Why do they issue all these PRs with a positive spin such as the recent one about coal prices firming BEFORE the insiders have bought more stock? This leads me to wonder if there will be any insider buys. If they were going to buy, you'd think they'd do it now in the 1.80s before things get better. It makes me wonder if management really expects the growth story they keep trying to sell.
Comment by
leanguysea on Oct 09, 2012 4:25pm
Sharpei, how jaded you have become... ;-). You used to give them the benefit of the doubt.
Comment by
brotherM1 on Oct 09, 2012 5:02pm
I would hope they have a policy that prohibits its insiders from buying prior to earnings release for the 3rd quarter that just ended >
Comment by
leanguysea on Oct 09, 2012 5:08pm
Yes, but they had a window from Q1 announcement in mid Sept until Sept 30 and there was no buying.
Comment by
Cool_Scirocco on Oct 09, 2012 5:49pm
LLEN's third quarter ends on Oct 31, so their window is open for another week or two.
Comment by
leanguysea on Oct 09, 2012 5:55pm
Yes right, got my months miscounted...
Comment by
homestus on Oct 09, 2012 11:30pm
The answer is very simple! ... to attract some buyers and let insiders sell their holding! They did it ... in order to allow MCJ to sell his stake (My opinion) ... and they now did it ... to allow Robinson to do the same! Wha a Fraud-LLEN-t company !