RE:RE:RE:RE:RE:detailed recent insider buyingNaka2112 wrote: Well Brussa didn't put it in to lose it. He obviously sees the value. It was a great deal at $5.50. An even better deal when he recently bought. And he knows what's going on inthe company better than anyone here.
The last time cj hit a low, less than two weeks later it was pushing $5 again.
I suspect it'll head back up to $5 relatively soon, but it'll pause for a few days around $4.75.
Please: spare me the spin that Brussa is of such intellect that he can see value. Just like he saw value with Twin Butte, purchasing it at 30 cents or so. Or just like when he helped recap the Virginia Hills Oil, only to watch it go down.
Maybe Cardinal might be his "big hit", to cover off some of the capital losses he has amassed in the last few years, while touting his director skills, to various companies. But I'd be curious what the return in a mutual fund of Brussa directed companies, might look like.
Bottom line right now: if oil price goes up, everyone's stock will rise.