the insiders have been buying since mbi was 9.30, don't kid yourself , the insiders always know more than we do. There is no other resaon for them to buy other than rhey think it's going much higher. Only time will tell how smart they are. They continue to double down .
they probably will not issue more shares til the price goes up,. which hopefully will be after the next qtr earnings report.
this fund has big positions in Freeport which just cut their dividend to almost nothing and owns quite a few big oil companies, this bears watching, I do own some shares but getting nervous.
Ken, I understand the story on China and India , you are correct, but the I think the ball game is changing even in China, the vehicles they will be buying will get 50 mpg and will be used mostly for local driving, India is so messed up, don't know when they will get into the 19th century. I definately don't have the answers but I am older with tons of time on my hands so I am trying to learn from everybody. Thanks for your sensible reply.
with the mandated mpg going up every year and the more residential and commercial use if solar and wind plus more and more vehicles being electric, what am I missing? please tell me.
All that I was thinking is that even though the price of oil has come way down , gasoline is up about 40 cents from it's low, not sure about jet fuel, but if they are refining their own jet fuel , it could be cheaper than other airlines are paying, even if they trade it off.
I have been an OPK holder since $4. my question now is, we are at $6 bn mkt cap, how much more is it worth assuming everything goes as planned with approvals?
right now , you have my attention and I must say my respect, i covered with puts rather than sell any shares , I just hope you are correct and this pullback is short lived.