well that debunks a few theories or supposed facts that have been floating around here doesnt it?
The first was insiders cant buy company stock if they know of material events happening, and since so many here were sure that material events were in the works, that would prohibit him from buying on the market. So is there really positive material events in the works, or is that theory that insiders with knowledge cant buy just a myth?
The second one was that they have to have a plan. Any one seen any mention of a plan?
I didnt want to spend hours or days on the SEC website to debate this issue when it came up, but I believe they can buy anytime. They just cant sell when they know something bad is about to happen, so a plan legitimises their sales.
Matter of fact most analysts look for insider buying, because it sends a signal something may be about to happen, or in the least management is confident in their company going forward
This is my 15 post so its my last for the day so dont bash me too much okay.LOL