Not practical for insiders to be buying their company stock without views of promising upside. One of the heaviest insider owned companies and insider buying activities of any stock I have followed. Clearly the CEO, as the 109th richest man in the country, feels that there is tremendous upside as he commits his fortune to their future success. I think his track record of success and their progress in 2015 with prospects for 2016 greatest ever account for a great opportunity to own this one for long term. Have accumulated a position and long the stock, even in the face of the heavy short% in the company and the constant bashing on this board of unnecessary nonsense that reflects the high short volumes imo. Hope folks had a merry Christmas and may the Lord bless everyone with a very happy and prosperous New Year!
The bullish pattern of yesterday and setup from prior days should support further upside here to push through the recent highs towards the 200dma area over 13 imo. Solid fundamentals that are improving daily with huge FDA approval looming to give further powder to this one in near term.
Simply buying this one on the weak dips in pricing from this point is a great strategy to build or add to the core position in the stock. There is only upside prospects for this company as it has never been this good and it will never be this bad again as we go forward with flow of more product and service introductions as we have seen in the most recent six months progress.
Suspect many of these bashers are doing so for their ability to buy the stock at cheaper prices, either way the weakness has been good buying opportunities where given the chance to settle down and reverse as it is doing from today. This is first day in the recent few to show some strength and demonstrate some accumulation on the shares with large block purchases coming to table which is a very good sign. Will buy the weakness here and further into next year's FDA approval which should be one of the stronger catalysts to date on stock price. I like what is found about Frost and his investments and prior company building successes along with his continuous buying of the shares with other insiders. With him being the 109th richest dude in the country, I think it is a safe bet in his corner of the fight. Merry Christmas to all and Jesus is the reason for the season!