Wow...the CEO of ACEL just bought 250,000 shares of ACEL at $2.18 on this past Wednesday 3-5-08!!! This was just listed in the SEC form 4 filings!
What a bold and dramatic statement of confidence by the CEO ... in ACEL's share price prospects in the days to come! The CEO spent over $500,000 of her own money to buy ACEL stock now at the current market price of $2.18!
And catch these details ... 1. These were options she exercised at $2.18 on 3-5-08. 2. 3-5-08 was the first day they became exerciseable! She had 10 years left to exercise these options ... but ... she paid over $500,000 and exercised them now at the current market price! 3. This is extraordinary. As you know...options are virtually always exercised only when they are at a deep discount to the current stock price ... and a big profit already exists between the two prices!
This is an incredibly clear and bold statement by the CEO .. that she wants the investment world to know how confident she is in ACEL's future and higher stock price in the days to come!
She certainly put her money where her confidence is! This is the stronest sign that I have seen in a long time ... that a stock is clearly going higher in the days to come!
I am buying more ACEL on Monday!
What a great weekend for ACEL longs. Enjoy the weekend and the bold statement of confidence that the CEO has given to all ACEL longs!