RE:RE:Insiders purchase again!eternalone wrote: Correct me if I'm wrong but this means no news for 30 days after insider buying........
I do not think that the 30 days period is the rule... Well at least, I did not find if from GMA insider trading Policy (on its website). There seems to be a difference between Scheduled blackout periods (for Financial statements) and temporary prohibitions (see below where I copied the actual wording of the Policy): -"The fundamental rule is to the effect that insiders cannot trade securities when they have knowledge of material facts that are unknown to the general public and that, if known, could affect the decision of an ordinary investor to trade in the security." -"The Chairman of the board or the President and Chief Executive Officer may announce from time to time the dates of any blackout period that coincide with unscheduled corporate developments, the availability of new inside information or other such material undisclosed information or potential transaction details. Anyone with knowledge of the special circumstances or corporate developments is subject to the blackout period. This can include, but not limited to, external advisors such as the Corporations legal counsel and financial advisors. The length of the blackout and waiting period between the dissemination of the material information and resumption of insider trading rights will be determined by the Chairman of the board and the President and Chief Executive Officer and will be communicated to affected officers, directors, employees and other individuals, as considered appropriate in the circumstances. Moulouk