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Ballantyne Strong, Inc Message Board

  • bravehudak bravehudak Apr 8, 2013 5:33 PM Flag

    2 reasons to be bullish on BTN

    The cluster of insider buys is extremely bullish, especially once it's more than just 2 or 3 guys. The CEO of BTN bought 117,000 shares recently and 5 other officers bought a bunch, the latest being today's @$4.20.

    What really excites me though, is the gap in the chart between $5 and $5.50. 90% of the time, for whatever reason, stock go back an 'fill' the holes in charts.

    Sentiment: Strong Buy

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    • ill give you another huge reason to be bullish .. 9 positive and not 1 negative fundamental .. there are hardly ANY stocks with fundamentals this good .. plus this has ridden above the 30 day moving aver. line since late december and is still above it keeping the uptrend intact .. a decent earnings report could send this into a bigger move .

    • I agree with the cluster statement but if my records are correct, he didn't buy 117,000 shares but probably dollars worth. The reason is the last filing shows him owning 40,962 shares directly and 55,000 shares in his revocable trust. His revocable trust filings went from 35,000 to 55,000 with purchases totalling 10,000 shares filed on 3/28 as of 3/27. Somehow either he missed a 10,000 filing or I did or his math is incorrect.

 
BTN
4.21-0.27(-6.05%)1:58 PMEDT

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