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Dot Hill Systems Corporation Message Board

  • bravehudak bravehudak Aug 21, 2012 3:54 PM Flag

    Federal Law: Insider MUST hold stock they bought 6 months

    it's rule 16-b or something

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    • Do you think that all 8 of the insiders buying within a week of each other was coincidence???
      I think not.
      They were told that it would look good if they went into the market and bought some shares with their own money.
      The stock is at rock bottom and it is not a poor use of their own dollars.
      But, when you see insider selling--that is usually a good harbinger that it is 'time to lighten up".
      They have been spot on about selling and the price dropping
      I am holding 21000 shares at an average cost of $1.12

      • 1 Reply to marym1478
      • Don't get too excited, the total of 8 directors bought a total of 100k shares at around a $1.15. They could have just easily teamed up to buy a new Ferarri.

        I have a 100k shares, were you excited when I bought them at $1.05?

        CEO makes 7 figures and he bought 10k shares...big deal.

        I think they decided they needed a vote of confidence. If someone put up the kids college fund or bought 200k shares individually than I would think it mean something.

 
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