RE:RE:RE:RE:Bristol Meyers acquiring Celgene for $74 billion USDGoBB'S remember that although the recovery was substantial,so was last years fall.Usually stocks that fall as hard as PLI did will recover somewhat.Its a natural thing actually.As for insider buying,although welcome,50k to 100 k may seem like a lot,at @30 cents its really not that much at all...it equates again,@ $15000.
Any insider buying is a good sign as it shows confidence,but we must'nt ignore the financial position of these insiders,along with their salary's,which puts them in a financial position far better than any long investor here.Buying at this level gurantees them more upside than down technically,but the reality is we just dont know the future of this company.
And thats the only reason we sit at 30 cents-ish.At these prices its far too easy for the shareprice to dramatically change for no fundamental reason at all.
I still agree with some other posters that its solid news we need to do anything..otherwise the share price will stay disappointing.