RE:what if he will proof correct wallbridgemaven wrote: if this stock can become so attractive to all investors big or small why will big not pay the price of today and only the price of the last months!
can we stay up at nite to wonder what this can mean. im am having this problem
Based on the above math, I would hardly call the insider buying recently as significant or material, as it is being completed at a cost to the insiders of 30% below current market prices. If the insiders had bought 2 million or more shares on a non-flow-through share basis at current prices, that would be a completely different story. Assuming these shares were bought and they were not done as flow-through shares with significant tax advantages, I would discount the recent insider selling, as there was more insider buying at current prices. Instead, we have heavy insider selling from C$0.70 through C$0.95, and insider buying at C$0.57 to C$0.65.
Based on the fact that Wallbridge Mining continues to see persistent insider selling at current prices, I believe the recent rally is more likely to undergo a correction. This is because we now have more motivated sellers adding supply, in addition to traders and investors that are anxious to book some profits. While insider buying was previously a tailwind earlier this year, we now have a minor headwind showing up in the form of insider selling. Given this fact, I see the stock as an Avoid at current levels and believe this is an opportune spot to book some profits above C$0.90.
You talk to much. And use too many of these !!
If you can arrange a private sale that closes a few weeks later at the aggreed upon price which is cheaper than market today then thats what you do eh.
You play guitar WM?
Georgie