Replies to post #29927 on Biotech Values

[DewDiligence]

DNDN – Token buys of $20K per person do not impress me much. It’s almost like saying:

“We think we’re probably gonna lose money on these purchases but, heck, we have to do something to show shareholders how committed we are.”

I’m not singling out DNDN for special treatment; I call it tokenism when any company does it.

[gofishmarko]

Re: DNDN insider buys

I agree with Dew that these types of (relatively0 small insider purchases are often just an attempt to rally the discouraged troops. However , I also agree with the last line in the article :

"While yesterday's insider buys are not overwhelmingly large, DNDN is a stock to watch for more insider activity...."

Multiples of these 20K-size purchases by several insiders over days or weeks would be pretty bullish , IMO. Even overpaid execs don't usually throw away that kind of money.