INSIDER BUYING means NOTHING
After I saw Timminco's CEO buy $300,000 of his stock at $15. IN 4 months, it was down to
$2 and then bankrupt.
All CEO's of failing companies beleive that their company is a bargain at low levels.
Look at Mark Thompson, he bought at $45 for over $1Million and now stock is $33.
What is important is not insiders buying but institutional buying. That is what moves a stock not one CEO buying for $1 million worth.
PS: Notwrong, it is not me who said you live in a basement. I think it was Sunny but not sure.
If you rmemeber, I asked you to come to my condo on the beach in Florida.