Someplace on the web is a site where company officers like presidents
and board members are listed when they file those required forms
saying that they will trade shares in the company they are involved with.
I'm don't think they have to say its a buy or sell, but i seems
to remember that a number has to be given that they cannot
exceed. Also, i believe there is a time limit like 2 months
where anytime they can do the buy or sell for any volumn
up to the number stated as a maximum. Seems like its
close to a blank check, but atleast the public has a clue
that they want to trade shares in their company.
For example, i heard on the tv business news that a few companies
have announced buy-backs which i'm not too sure what this means
if its anything more than a company using cash or loans to buy
on the open markets shares in itself.
Someplace i heard that this is really counter productive,
but then i think Warren Buffet does it for that Bershire
or whatever the name of that never split $65,000/share
company is.
I would wonder, if for example GE did a buy back at the
same day a VP in GE was allowed to trade a million shares
then this VP would get a better price knowing GE was buying.
Guess this info would be visual after the facts, but then i do not
know what the mechanics of a company buy back is.
Do you know of any web sites that tracks Warren Buffets
and those big players like Soros that can move markets?
I'm sure these guys knows the inners of the market,
the good bad and ugly, and while i doubt Buffet would
use that to screw others for his gain, i have heard that
the Soros man or business has and will.
Seems only a short matter of time in weeks that once
this war on terrorism causes great uncertainity after
the use of mass destruction attacks against the cities
of all nations that joined with the USA occure that
things like oil and all metals including non precious ones
will become hard to obtain.
Sorry if i have taken the worst possible expectation here,
but these nations including the USA have set each up
to receive easy attacks against them by terrorist simply
because past policy decisions by the governemnt leaders
were made as politicans wanting re-election and donations
as in money to get re-elected, not for the safety and defense
of the population. Example, bridges throughout America are
in a sad state of condition with almost no maintence being done,
and only after they collapse will a politician take money that
he wants for his pork project be sent that way. A politician
will build a not needed new bridge someplace to get votes,
but will not spend money on fixing an unsafe bridge since
that does not show up as him doing someone a favor that he
can collect on before the next election.
thanks
doug |
