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First Star Resources Inc V.FS



TSXV:FS - Post by User

Post by Chipshot2on Jan 09, 2012 8:30pm
340 Views
Post# 19384353

No Sign of Insider Selling

No Sign of Insider Selling

I checked the TSE site and there is no indication of the selling or buying being done by an insider. I don't have access to House Position data but it did look like BMO was the big seller. Of course on the other side it looked like TD was a big buyer.  With the volume today I was very surprised to see the insider report with no action on either side. You would have expected that the seller would have had to have had enough shares to be considered insider......unless the shares were held in different accounts under different names yet controled by one entity.

There is no doubt that any turn around in this stock is some time away and the dam breaking today and the volume on the downside reflects that. Now, always trying to have something positive to say, there were about 700,000 shares bought toward the end of the day almost wiping out the $.02 asks until someone threw another 100,000 on the pile just before the close.

Let's see what happens tomorrow.

Chipshot2

 

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