Replies to post #48854 on North Bay Resources Inc (NBRI)

[Bruce the Stock Guy]

NBRI..Ty for your thoughts Phat..

[rarefind]

nbri i never said anything about him selling shares.That was a post from Malc and i agree with what you wrote.Insiders sell for any number of reason but buy only for one.Nbri crowed in their interview that they have billions in gold and the stock price reflects none of that.The telling part is that the insiders won't even buy any stock with their own money.Thats a huge red flag.I for one would be pouring all my cash into a company i ran if i knew i had billions of something in this case gold.I would be buying 100,000 shares a day until all my cash was in.What a pay day that would be.As for nbri it seems to be all show and no go...

[Huggy Bear]

Phat, good post. Yes, who knows why exactly Perry sold some shares in the momo run. He has also accumulated shares in lieu of deferred salary.

Another reason for selling could be the most obvious one - He took advantage of momentum trading NBRI upwards to dispose of some free for him overvalued shares into volume.