Befriend the Trend Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Befriend the Trend Trading

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Dr. Stoxx	11/28/2007 1:55:54 PM
	of 39683

13:45 LTD Limited: Nine insiders make aggressive investments - Lazard (19.08 +1.15) -Update- Lazard notes that nine insiders purchased $7.6 mln of stock (415,064 shares) in the last three trading sessions and intend to purchase another $13 mln (720,000 shares) over the next seven trading days, according to co filings that hit the tape yesterday. Firm says the last time they remember an insider stepping up to the plate was in 2002, when director David Kollat invested $2.5 mln in open-mkt purchases. The stock declined 32% over the next six months, but then tripled, from $11 to $32, over the next 15 qtrs. Firm believes this time they are witnessing a much stronger vote of confidence given that nine insiders are making more than 10 times the investment commitment compared to the post 9-11 period.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next