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  • dealshack dealshack Jul 4, 2008 9:15 AM Flag

    Insider purchase

    Why did insiders purchase around 5 bucks if the company would go bk? Why don't insider buy now when the price is much lower at 3.5? Any thought?

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    • I think it is concerning that the insider buying dropped off. There should be no reason not to keep buying at these levels if the bank is well capitalized. Of course, the insiders have a much longer timeframe in mind when buying, so they might be waiting it out.

      Also, I believe insiders are prohibited from buying after the quarter end though, until earnings are released. Can anyone confirm that?

      • 2 Replies to volt3044
      • Heavy Institutional selling is what's causing the price
        to drop. big banks and brokers control more capital than
        any "insider" could ever wish of! They are selling because
        of the sector being in the commode. They are also heavily
        short! don't buy banks or brokers unless you are sure of
        their future earnings and can hold for 5-10 years or longer!
        When housing turns banks will follow. When gold and oil come
        crashing down banks that survived this financial disaster/
        depression will be the buy of the century or at least untill
        the next "credit crisis". hehehe hehehe hehehe!
        Cash is still KING! or GOD! hehehehe heeheheh hehehehe

0.0180.000(0.00%)Oct 27 3:51 PMEDT

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