RE:RE:RE:RE:ALERTS - Insiders buying large like CEO Kanaan
James Richard Hale (director with Neulion) has accumulated over 1.55M shares over the last 8 days directly through the open market via direct trades through his personal account and through his fund (Parallax Capital). I have matched his trades with the net house summaries and he matches dollar for dollar...here is a guy with tens (if not hundreds) of millions of dollars - with over $50M already invested in Neulion - and shorts are simply handing their shares over to him - it's laughable - this individual alone has put a floor on the share price at $0.73 (if you have level II access - he puts in a bid each morning at 650K shares - needless to say - shorts aren't crazy enough to breech it)...so he creates a short squeeze - hence - the price has moved up double digits each of the last few trading sessions (except for one). Nanci Li - 1M shares August 5th Charles Wang - 1M shares August 5th CEO - 300K shares (non-open market transaction). So insiders are having the last laugh...they are scooping up available shares....squeezing shorts - with this week's purchases - they now own well over 70% of the company. I'll say it again - for those who got scared and dumped (instead of accumulated) shares at $0.58 - I don't think it's too late to get in if you buy and forget this stock until Q1 of next year. My sense is this will move close to $1.20 - which should have been the "true" share price reflecting the loss of the NHL. If new customers, or new deal with NHL - this will retrace back to the $1.50 level prior to the announcement.