David, >>do you really think there was insider buying of over 200k???<<
No question about it. The Yahoo insider transactions link for TTP, biz.yahoo.com , shows all these transactions (the total given for the director buying in December, Lindsay A. Rosenwald, is 120,000 for a total price of $384,100, bringing his holdings to 302,796 plus 350,332(indirect holdings).
In January there were purchases of 100,000 by director Hubert E. Huckel and 5,272 by director Michael Hsu. All of these were open market purchases, the best kind.
The December and January insider purchases were reported separately, presumably on SEC Form 4 filed by the company. That Form 4 is required to be filed to report any open market purchase, sale, or exercise of options by any "insider" (defined to include, I think I recall, officer, director, 10% shareholder). It is supposed to be filed by the 10th day of the month after the month of the transaction, although often these are a bit slow in getting filed.
This does suggest that insiders are getting bullish.
--RCM
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