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ITUS Anonim Ortaklık Message Board

  • brlc_to_25 brlc_to_25 Feb 4, 2014 7:01 PM Flag

    Insiders buy, shares go up, and then drop (dump? )

    1. I wonder what happened ? Are the 50 million shares being resold ? The volumes look pretty small for 50m shares ?

    Any comments ?

    Sentiment: Hold

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    • I think that's what happened. Insider purchased about $500k of stock just to allow their earlier investor get out. I was pretty upset when i saw the sec filing on Monday. 50 million freaking shares to drop in the market from time to time. That's a nasty overhang! I hope i'm reading the filing wrong! GLTA!

    • personally I never expected this to hold above .4 and probably not even above .3....the initial frenzy is over and only long term investors are left, no more momentum traders....fine by me, add some at .25 which is where I think we level out until more news comes in....that flurry of insider purchases was weird, nearly the entire board of directors was sitting around all day buying stock for a week straight....I suspect these J-Channel assertions are going to start falling like dominos or one of the other portfolios is going to land a whopper like Skype.....