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Apache Corp. Message Board

  • MINCE38 MINCE38 Jun 26, 2006 2:43 PM Flag

    No insider buying/holding

    Have any of you figured out that we have not had any insider buying on this "undervalued" stock, insiders hold less than 1% and we are lower now than in october. Does this tell you anything? Me? it tells me that this is not the opportune time to buy. There is the exact same scenario in gold stocks over last year and look what happened to them! Be careful boys.

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    • NCSU, how old r u? Just curious.

    • Are you the same type that recommend you buy stock in the company you work for even though:
      1) Your pension depends on the ability to pay
      2) You own 30% of your 401k in your company stock
      3) 100% of you annual income comes from the company you work for
      4) if you company's stock went to zero, your net worth would be cut in half.

      These is the scenario for most corporate executives, as well it should be, pay for stock performance PERIOD. Why to blame the guys for reducing their exposure, or in this case, not increasing their exposure.

      Get real

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