TSX:SRU.UN - Post by User
Post by
UBOYisaPROon May 18, 2007 2:00am
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Post# 12802837
Insiders are dumping their shares
Insiders are dumping their sharesanother 150,000 shares in the last 2 days
they are dumping this baby like mad
So are the BIG BOYS (just check the house positions)
here is the most recent insider report:
May 16/07 May 11/07 Maddigan, Robert 10 - Disposition in the public market Common Shares -25,000 $1.050
May 16/07 May 11/07 Maddigan, Robert 10 - Disposition in the public market Common Shares -25,000 $1.000
May 16/07 May 11/07 Maddigan, Robert 10 - Disposition in the public market Common Shares -25,000 $0.970
May 16/07 May 11/07 Maddigan, Robert 10 - Disposition in the public market Common Shares -50,000 $0.960
May 16/07 May 11/07 Maddigan, Robert 10 - Disposition in the public market Common Shares -25,000 $0.950
Looks like the big boys and management will be unloading to the bag holders at these levels
retail will buy, and then it will drift down just like it did 1.5 yrs ago when it went on its last run
SRU's 200 day moving average is probably in the 40 cent range, and the 80 day around the same, so we could see the share price around the 40 cent range soon