morning Matt,

Very good points, but insider buying is not normally the type of buying that looks for a sp bounce. Here's why.

A trader can use information to sell on a bounce. An investor buys in anticipation of a bouce . An insider buys based on a prolonged increase in sp as buying 300k shares and then selling them two weeks later on a sp bounce makes him look like a parasite and both traders and long term investors will beat the company up for it. I am very bullish on this news as an insider sees a long term appreciation based on the available information they need to disclose. He buys because he doesn't believe he will ever see this entry point again. A bounce is of no interest. jmo

....carry