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LRAD Corporation Message Board

  • sardonicwanker sardonicwanker Aug 29, 2013 4:10 PM Flag

    Another insider buy

    Form D released with 20 minutes to go in day. Denis Wendt from LRAD's board bougt 25000 more shares at $1.57 this week for 50,000 share total. Looking more serious.

    Sentiment: Buy

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    • Director purchases are of questionable value.

      What is more important, which you neglected to mention from this week is McDermott exercising 38,000 options and selling the shares at $1.57.

      An officer selling is more important to me than a director buying.

      • 3 Replies to nip7890
      • You are very very foolish. You shouldn't be allowed to invest. Google insider buying. Read up novice.

        There’s an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. A sale could be prompted by any number of different cash needs, like an upcoming tax bill, sending kids to college, buying a house, boat, or car. But the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. That’s why insider buying is given so much attention by bargain hunters

        Sentiment: Buy

      • Yeah, I saw that, but hit the post before I made a note.
        Kathy McDermott should be shown the door, not for this exercise/sell transaction but simply that a company of this size should not have a full time cfo. Ridiculous waste of money, can contract it out very easily or have someone working part time.

      • Absolutely not true but commonly cited by rookie investors, or people who sound like rookie investors. Insider sales - especially among officers of a little company like this - are not as significant as insider purchases, not even close.

    • Nice find. Goodbye and salutations to the last board members who were just loitering. Hello to board members who understand that they are supposed to grow shareholder value.

1.47-0.10(-6.22%)Feb 11 3:59 PMEST