I am looking at a stock and the owner is buying more shrares he owns Lets say 65% now.Is there some rule saying when he gets say 75% he can do what he wants with the company. Usually the owner is selling to pay bills.Why would he keep buying other than he thinks the company will do good?
Posted by SmokingUSA on :
DOUBLE L: I don't know the answer to your question, but I am interested in the stock? If you don't mind telling. Thanks
Posted by glassman on :
Insider buying has been pretty rare this last year -- I'm interested too.
Posted by DOUBLE L on :
When I get in I will cut it loose to the sharks. Any ideas why?
Posted by Tonyg032001 on :
I think either he might know of good news he will be posting, or he wants to make the public perception of him believing in his company. TOny
Posted by 2pawn on :
i wanna know also havnt seen insider action in a while besides selling
Posted by glassman on :
Lemme guess --you're waiting on some settlement money and you want your full position before you post.
Posted by SmokingUSA on :
No One knows the company better than the owner! He probably knows GREAT NEWS is comming out. You can email me the company. I only have $180. to play with at the moment. Missed my entry price with the stock I was shooting for, so looking for some thing right now. $180. won't effect the price that much. My email I read most is RevDew1@hotmail.com Thanks DD
Posted by KostaVan on :
All he needs is 51% to do what he wants.
Posted by 2pawn on :
why the **** u post here if u gonna hold back get the **** out of here asshole screw u and ur stock ur greety type never makes money tell u what put that stock up ur ass
Posted by SmokingUSA on :
KostaVan: So, what do you think? If it turns out to look hot should we buy or not?? DD
Posted by brincher on :
I find it strange that your asking for help, when you wont even tell us what stock it is................If everyone held out on good stock picks, we would never have any leads!
Posted by SmokingUSA on :
I can see why he would want to buy first! I know I would wait until I was holding! Especially with the Million share buyers. Take care! DD
Posted by glassman on :
He got our attention didn't he?
Posted by SmokingUSA on :
He's got my undevided attention!
Posted by brincher on :
yea he got our attention, but so did Enron and Michael Jackson
Posted by KostaVan on :
Smoking...
I can't buy a stock that I don't know exists. I can't check technicals or anything on this damn thing. It's pretty silly he won't tell anyone the pick though. This board would suck balls if everyone was like this. But he can do what he wants.
Posted by mamboking on :
Too many sharks. I bet he's laughing his head off.
Posted by glassman on :
He's been posting here for awhile and I haven't seen him misbehave before --
Posted by SmokingUSA on :
DOUBLE L: HURRY UP AND BUY IT! So you can share it with us. I probably won't buy into it any ways. Probably to high for a lousy $180. DD
Posted by whymejc on :
If it's up for bids...I'll give ya $190.00
do I hear $200.00? Regards Ed
Posted by SmokingUSA on :
DOUBLE L: Are you done laughing at us yet? I bet you just wantd to have a good laugh and get every one going. I havn't seen to much inside buying lately either. Matter of fact the hot stocks I've been comming across have been pink sheets and I prefer OB stocks if I can get them. When you get time please share the stock with us! We would really appreciate your GREAT KINDNESS! Thank You! DD
Posted by U4TSAF2 on :
51% SAYS IT ALL
quote:Originally posted by KostaVan: All he needs is 51% to do what he wants.
Posted by DOUBLE L on :
Smoking you have mail. Tell me what you think.
Posted by 2pawn on :
SMOKEY MY EMAIL IS MALLAK2PAWN@AOL.COM SEND IT Posted by SmokingUSA on :
I'm on my way to check the mail. DD
Posted by DOUBLE L on :
quote:Originally posted by 2pawn: SMOKEY MY EMAIL IS MALLAK2PAWN@AOL.COM SEND IT
I am still doing dd and have not bought yet. Sit on bid for 1/2 hour today.
Posted by ante on :
KTEL is seeing this kind of action lately. The CEO owns 56% of the outstanding shares. He's been buying too. More than 285k since Dec 7 '03.
Posted by DOUBLE L on :
That is the company but I found some old news.Look at the old news?Not good I might still get in.The ceo sold at high and had sec. on himself. This was a scam at one time, I still haven't figured relationship between his other company k-5 leasure. They cover loans for this company. I have not decided what to do yet. But insiders own 70+ % and for some reason he is buying more. Low share count and low outstanding. K-5 also has the approval to buy 1.4 mil. on the open market as they see fit.
[This message has been edited by DOUBLE L (edited January 12, 2004).]
[This message has been edited by DOUBLE L (edited January 12, 2004).]
Posted by DOUBLE L on :
As you can tell by the low share count I did not want to put it out for everybody to get in before I did. I had a bid at .10 till noon and .11 12:00-2:30 the at ask .12 till close did not fill all day.
Posted by ante on :
My apologies for letting the cat out of the bag. Based on your figures for the % held by the CEO I didn't think this was the company. Just wanted to point out another stock that might present a similar opportunity.
This company does have a shady past and quite a bit of debt. The last paragraph in the November 14th 10-Q paints the picture. I don't know too much more about the stock.
Posted by DOUBLE L on :
I started dd tonight and found some questionable past events.I might still ride with CEO even if they are up to no good.
Posted by FiftyCent on :
I think it may just be an attempt to push up the price of the stock, the last eight transaction he made were for a total of roughly only $26,000 bucks. That does not seem to me like something big is about to happen .
