Insider TradingHi All, I am new to this bullboard but not to this company. I too, am baffled as to what is happening with the share price today. I have been watching the level two quotes since this morning, and it appears to me there is an ongoing effort to keep a lid on the share price. Logically with the price of oil jumping today and several recent positive mentions in articles, I would expect the price to be moving much higher.
There is something more at play here and knowing that there was recent insider trading I based my decision to pick up some more shares today on something Peter Lynch once said, "insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." Insiders are prevented from buying and selling their company stock within a six-month period: therefore, insiders buy stock when they feel the company will perform well over the long-term.
I have confidence in the management team, they have a proven track record. I am convinced whatever is going on behind the scenes it will be good news for shareholders.