A GREAT SIGN: SIMG MANAGEMENT PROVIDES ULTIMATE VOTES OF CONFIDENCE
The day after the very lengthy investor meeting on November 13th, SIMG management began putting their money where their mouths are in a significant way with some strong purchases.
Insider Transactions Reported - Last Two Years
Date Insider Shares Type Transaction Value*
Nov 19, 2012 GEORGE WILLIAM
Director 5,000 Direct Purchase at $4.50 per share. 22,500
Nov 14, 2012 VEHLING TIMOTHY J.
Officer 2,500 Direct Purchase at $4.16 per share. 10,400
Nov 14, 2012 HODGE JOHN C
Director 20,000 Indirect Purchase at $4.14 per share. 82,800
Of equal importance, IMO, is that the insiders are aquiring and holding shares. It's not uncommon to see insiders immediately sell shares they are gifted or have aquired through options. If you look, SIMG insiders, for the most part, are aquiring and holding shares in addition to the few open market buys.
While I agree its always a positive when insiders buy on the open market, these small buys are almost a joke.The amount of shares they purchased is nothing for a $4 stock. Having said all that Im not complaining, Ive been in here at $4.50 which has turned into a very long trade that Im trying to get out of. JMO, but the next day tells the direction here, $4.79 is the 200 dma and if it can break out above that we might just see a run to the next strong resistance at $5.00.