I have never seen a stock trade like this.... whereby someone as high in the company and with the knowledge that goes with that, and a good reputation be buying it hand over fist and yet it continues to fall like a stone. Im also perplexed as to why he isnt letting it fall and then buying it at the bottom. Surely he must realise he is the only thing between it and 25c.
He buying it like it doesnt matter what price. He has drawn a line in the sand at 35c. To me you would only do that if you new you were getting 70c Perhaps what Sandy stated about the register (top 20 only 52%) has some bearing but one thing for sure I havent seen one trade like this....Its got me in....
CAZ Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held