I like whenever an insider drops a couple of bucks into a company. I forget where the quote comes from but "insiders sell for a 100 reasons including to buy a gift for their child's b-day. However insiders only buy for 1 reason"
I like it even better when insiders drop a couple of grand, or tens of grand.
I really pay attention when it gets to a million plus
but am I reading it right?? that insiders and venture capital has dropped 100+ million in the last 6 months??!!
I was actually job hunting...just browsing through a bunch of different biotechs in the San Diego area. So no, I didn't hear any rumors or anything like that.
I'm not going to chase it up. I figure either it will cool off in a few days and be back closer to $4, or it will establish a new trading range around $4.40-$4.50. Either way I think shares will be up for grabs at the same or cheaper prices than they are right now.