Director of EMC Corporation, Barry T. Davies, bought 1,000,000 shares on 12/28/2012 at an average price of $24.83. To me this is the kind of statement that I personally listen to. In this statement, Director Davies is putting his money where his mouth is. On the recent dip, I bought several K @ 24.53. I feel pretty confident that that was a good buy.
What is weighing down EMC seems to be this Oppenheimer analyst prediction of a 4Q miss. Over the years, however, I have found many of these analyst predictions to be somewhat less than accurate. Could be that Davies's purchase is EMC's way of refuting that predcition. We shall see. Earnings is to come out Jan 29 and to me, the stock purchase is signaling an upside surprise.