InvestorsHub Logo
Followers 79
Posts 7559
Boards Moderated 0
Alias Born 10/15/2003

Re: arnie70 post# 4

Sunday, 12/02/2007 7:03:45 PM

Sunday, December 02, 2007 7:03:45 PM

Post# of 50
250k shares were undoubtedly NOT exchanged by placing an order with ameritrade. Undoubtedly this was a pre-arranged transaction otherwise the stock obviously would have moved one way or another. The point however is you have an insider willing to pay up to .93.

Not sure what has changed since you put in your order @ .98 except insiders have shown their confidence with a large purchase. How you could think its a buy @ .98 and decide almost hours later the company cannot be trusted is beyond me.

As I said in my original post I thought .70 was a good entry point. With the show of insider confidence I think I would pay .80 and might on monday. I would not have paid .98 not because there is anything that looks fishy to me but rather because its not that great a bargain there.

I would suggest rethinking your approach. Sounds like you chased up on emotion based on the share price and are now suddenly bitter and suggesting the company is untrustworthy also based an emotional reaction to share price movement. That is a recipe to lose alot of money.

When posting on VMC boards all postings should have a symbol in the header and if foreign please post both US and Foreign symbols.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.