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ProxyMed, Inc. (PILL) Message Board

  • MINCE38 MINCE38 Mar 9, 2004 12:23 PM Flag

    Huge insider buying!

    Why did I just read the entire page of comments about PILL trying to learn something here and there was almost nothing of value said. Did any of you happen to notice that there is huge insider buying in this company? In fact on march 2nd, the 21m buy by a director was the largets buy by 5-10 fold for the day!!!! Isnt anyone excited! Im taking a position just on that alone!

    Marc

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    • Another large two purchases (288,219 shares valued for $5.455M) by insiders as reported on Barrons. The insiders are getting hot on this stock. I will try to buy some on monday.

    • I believe these purchases are the ones referred to in the press release in December about PILL's acquisition of PlanVista. In this case, it is old news. PILL shares moved up in December on announcement of the PlanVista acquistion, and I speculated at the time that the additional equity purchases by entities that already held PILL shares, was one reason why the market reacted positively. So, the market already greeted this purchase favorably IMO...but that was back in December, not now.

      I can tell you for sure than no way was there volume in the millions of shares in this stock last week.