Re: Insiders trading
in response to
by
posted on
Oct 02, 2008 05:38AM
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pimpmystocks -
That activity of the insiders has been one of the most intriguing aspects of this play. They continue to buy and (with the exception of Dwayne T.) they don't sell emasse. And they don't appear to be rich enough to hold the stock for esthetic purposes.
One would think that if the hole is dry they would be selling (even if it was a slow steady pace - in order to not flatten the price). Wait - the price has been flattened. But not by the reported insider sales. By traders?
I have continued to go on the assumption that the people that are close to the company know more about the project than I do. I try to pay attention to what they do not what they say.
So far they appear to be holding - so I will (though it is getting real painful at this juncture).
- Panamax