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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market

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To: Safe Cents who wrote (3433)2/3/1999 8:48:00 PM
From: john michael winesette  Read Replies (1) of 4767
 
marcus-correct me if i am wrong, but aren't you confusing insider buying with a company stock buy-back plan? when an insider buys the stock of his/her own company on the open market, they are using their own funds due to confidence in the appreciation of value of the stock price--they are not using company resources.....what better sign of confidence could there be when "insiders", who know much more than john q public, start buying the stock themselves, on the open market...what little i know about all of this suggests that insider buying is a quality indicator of the expected rise in stock price of a publicly traded company....what study are you referring to and where can i find it?...i'm long on this company ('cause gator and toby are!), and hoping it will pop to it's rightful place in our portfolios..thanks for your followup..mike w.
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