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Krispy Kreme Doughnuts, Inc. Message Board

  • delaurenthis delaurenthis Jun 1, 2004 10:40 PM Flag

    Re: This guy just bought 24,000 shares

    "of KKD for a total purchase of almost 500k on May 27.

    He's also the Chairman of KKD.

    Insiders don't buy at tops...they buy at bottoms. "

    Well, in the case of Livinggood, you can also add that insiders sell on the way up, at the top, and on the way down!

    With this stock, you will also find out that Livinggood made his token buy "way too early".

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    • Correct me if I am wrong. However, I seem to remember that Ken Lay purchased Enron stock as it was in its death spiral.

      • 2 Replies to montie_3
      • "Correct me if I am wrong. However, I seem to remember that Ken Lay purchased Enron stock as it was in its death spiral. "

        Years ago I bought stock in a company with depressed stock, mainly because the new CEO bought a bunch of stock. The result: I got burned, the company almost went banckrupt! The company was Data Dimensions.

        The moral of the story is, yes, it is a positive thing if the CEO buys stock of the company, but it is far from being the magic signal that the stock has reached its bottom.

      • I don't recall that one, but i've seen others. For example, the founder of AOL bought 1 million shares at around 25 on the down slope from 100. I think he wanted to rally his troops. This definitely had an effect on investors and traders, but only for a few days. I've seen such buying by CEOs or board chairs often enough that i don't think its meaningful. To be meaningful, you need to see more insiders buying more shares.

 
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