RE: insider activityLast week Pinetree Capital was the number one stock on the TSX with insider buying. There were 432,000 shares purchased with no sales by insiders.
Yesterday there 149,900 shares purchased and today another 117,900 shares purchased all with no insider sales.
I had sold a few shares last week in the $1.80 range but I am buying them back today bringing my holdings in Pinetree to my number one holding with 138,000 shares. I will not be selling these and will only sell in laddered sales starting in the $2.50 range.
The Fed in the U.S. just anounced QE2 on its way. This will drive up the price of gold and silver which in turn will benefit the juniors and Pinetree Capital.
Another company that is undervalued at this point and is a producer of Silver with excellent properties elsewhere is Silver Standard Resources (t.sso)