Looks like he got in at the $4.10 to $4.20 range, I couldn't tell from your post. Great entry point. Actuate continues its trend down and has a real good shot at going to $3.50 to $3.75 range. Will be interesting to see if they try and prop it up or let it go, but I do like the action and it is close to a good time to get back in.
Obviously this guy knows much more than us so it is a very good sign. If Actuate could ever produce growth, this takes off.