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  • tex7779 tex7779 Nov 7, 2002 10:20 PM Flag

    New SEC filing - The squeeze is on


    It looks like today may have been some more BOD buying. There were 4 x 10,000 share purchases this afternoon each at 5.73, and then a single 25,000 purchase at 5.74.

    As to the imcumbents, I agree with you. The fact that with only minor exceptions, SJ along with his executive team and old BOD have only done significant selling back in Aug 2000, is not exactly a confidence inspiring display.

    Though I do not know what Kanders final plans are, I like what he and his partners are doing, buying the stock and thus making less and less available for the shorts. My sense is that there are probably to date still about 800k to 1 million shares short. At least we'll find that out later on this month.

    I also like the latest SEC rule in action, whereby insiders purchases or sales have to be reported in just a few days.