RE:$1.7 million worth of insider buys in last 3 months
Naka2112 wrote: Brussa, an insider, who understands the company more than anyone here, bought about $700,000 worth of shares in the last two weeks alone. He wouldn't do that if he thought the share price was going to stay here.
He knows the company is great, and grossly undervalued.
Also, there are a lot of people, with big money, who bought shares at $5.5. They will help get the stock back up to at least that price, so they can actually make money. They had to wait for all the bought deal shares to get absorbed, which seems to have happened.
The last two trading days, cj was up a decent amount, on days where everything else I follow was down or flat.
Obviously there will be some resitance at $4.75, but that should be relatively easy to break through.
Remember, the hung bought deal was putting downward pressure on the stock -that seems to have finally cleared.
With the crazy price volatilty we have had, it could easily be fighting $4.75 in a couple weeks.
Good luck to the longs
Brussa's most recent buys
Aug 10/17
| | Aug 9/17 | Brussa, John Albert | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 20,000 | $3.80 |
| Aug 10/17 | Aug 8/17 | Brussa, John Albert | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 15,000 | $4.13 |