RE:RE:RE:RE:Insider buysThe blackout is over so it could be him calling it in going "it's over $7 SELL SELL SELL!!!!"
If he waited today like the bagholders here, It would fetch him less thatn $6, and by next week less than $5 and week after less than $4... LOL ;-)
I have to place a freaking trade here! LOL
GenericAdvocate wrote: Doesn't make sense that it was the CEO's shares sold on a margin call because the price was going UP. Interesting, as the insiders didn't hold a lot of shares.
Craigbad wrote: There was net insider selling on Friday of $241,585.00.
Juice004 wrote: Are insiders allowed to purchase shares knowing that material information such as their CEO and Chairman is stepping down and the news in not made public yet? This could be a reason no one was buying after the conclusion of the strategic review as they were in the know. This week would be the time for insider buys if that's the case.
gravedigger51 wrote: I actually traded this on Friday and did well. The first time I made money off this Trash I was out just under the top and bought half way up.
I would not hold this company for more than an hour and will steer very clear of it now. Longs (and I was one), how can the SP ever go up if management sells and not buys into SP increases at the current price. Somebody asked Adam their IR guy the question about why insiders are not buying now that they can and his answer was that's a fair question. I would argue that's not a fair answer.
Any long who buys this stock without an answer to that question, the hell with script counts, is crazy. It needs to pass the smell test before you do your research. If you own more stock than senior management, and they are selling when the SP is down 96% in 14 months while you are buying, and you think that is okay, need to hand your money to a professional to invest for you.
the only thing the longs can take with them is that Latice has deleted her account which to me infers she may have covered. If that's what your buying on go to the casino and put the money down on black. Your odds are better.
Best of luck next week longs, you will need it!