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Re: joelotto post# 94017

Friday, 03/19/2010 10:18:11 PM

Friday, March 19, 2010 10:18:11 PM

Post# of 375420
Have to respectfully disagree. That amount of volume (low for a news day) indicates trading by insiders. I would estimate that about 50% of the shares sold today were by those who knew the PR was going to come out and were prepared accordingly. It wasn't a major take, but a million shares bought on prior days @ $.014-.015 (14-15K) nets you a nice $2/3K profit per million shares when sold at the peak, which was what happened. It was a quick, easy, and very efficient way to pocket a nice little $20 to $30K profit. Good work if you can get it. If I can catch the next one I'll buy Dean a nice pair of white shoes that go with his nice, light colored sport jacket. Florida law requires that all male seniors wear white shoes when sporting a light colored outfit, especially at a restaurant when catching the "early bird".