RE:Where is the insider buying?Dum Dum, No insiders have been buying since April 21, 2016 because the company has been in a blackout period. Insiders cannot trade company securities during a blackout period. Again, stop the transperent short and distort!!!
smallshort wrote: Have any longs considered why not a single insider is buying here?
If insiders held a significant portion and were buying here, my views would be completely different.
But why should an outsider buy when insiders don't even feel this is the bottom? The debt is too high and the assets are too soft. They don't want to burn their money.
I'm not talking about the fake few thousands shares some do to mislead, I'm talking about putting real "skin in the game".
Until that happens or something else significant happens, I'm "shorting to zero" and adding to my short position on these short term spikes.
And many of you traders are selling here bought Friday and I'm also selling here as well. Started with some at $6.80s today and hopefully we can reach the $7s tomorrow before it sinks again on low volume.
I've survived many delist in my long investment career, and I have been a long in denial many, many times. Now? When you find a company this bad, the only position to have is a short one, not a long one.