RE: Insider buying todayBased on the dollar amount and number of share purchased, I can safely deduce that it's a purchase of SMF shares in the open market ($683,600/80,000 shares = $8.545 per share). The price range is right. If so, this is the only kind of insider purchase that matters in terms of boosting investor confidence in the company.
As we all know insiders exercising their options (most of them would just flip them right away) would not do anything to support confidence. This is a good sign. Timing is perfect, as the financial results are out in two days - March 16. Let's see if it triggers the desire short covering this time.