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Re: xZx post# 7521

Thursday, 09/13/2007 4:05:21 AM

Thursday, September 13, 2007 4:05:21 AM

Post# of 16584
You're misunderstanding what I am saying. I am stating that it has been my experience that when a stock gets depressed. Cheap in the eyes of the insiders....and they buy the stock on the open market, that this has been a HUGE buy signal for me. A few years ago when GLW was at $1.00 and fiber optics was a nasty word, the CEO bought 1,000,000 on the open market at $1.00ish. I bought the stock and got out way too early. The stock went to $30. This is the kind of thing I like. I am not suggesting what DPDW is a bad thing. I am saying that I have been involved with companies that have awarded stock options and that I have bought the stock under the impression that the stock was PURCHASED. The results were not the same. I am only stating that the psychology of having insiders buy the stock because they think it is cheap is different than those being awarded stock. You may very well be right about DPDW, I am only saying that to me it would be that much better if they were paying for stock out of their own pocket because of the psychological message that sends to stockholders. OUR STOCK IS CHEAP AND I'M BUYING IT.
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