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Thread: why isnt mel buying more?

  1. #1
    m4svt is offline
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    Joined: Sep 2007 Posts: 151

    why isnt mel buying more?

    is there some kind of rule when he can and cant buy?

  2. #2
    Whynot is offline
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    Joined: Sep 2008 Location: The Mid-Atlantic Posts: 113

    Not sure about Mel....

    But I dont think there are any rules against when and how much he can buy. I'm with you, I'd love to see him throw in for a few million shares now, it would be a big confidence boost.

    Anyone know what the big gain today was all about??? All the way to .23 at one time, with no news to let anyone know why?

    Love to hear any thoughts on the matter??

    Cheers,
    Whynot

  3. #3
    demonotaku is offline
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    Joined: Jul 2008 Posts: 142
    Quote Originally Posted by Whynot View Post
    But I dont think there are any rules against when and how much he can buy. I'm with you, I'd love to see him throw in for a few million shares now, it would be a big confidence boost.

    Anyone know what the big gain today was all about??? All the way to .23 at one time, with no news to let anyone know why?

    Love to hear any thoughts on the matter??

    Cheers,
    Whynot
    He can't legally buy stock during renegotiating of the debt due to insider trading rules.

  4. #4
    sxminvestor is offline
    Quote Originally Posted by Whynot View Post
    But I dont think there are any rules against when and how much he can buy. I'm with you, I'd love to see him throw in for a few million shares now, it would be a big confidence boost.

    Anyone know what the big gain today was all about??? All the way to .23 at one time, with no news to let anyone know why?

    Love to hear any thoughts on the matter??

    Cheers,
    Whynot

    Bailout of the car companies coming, so Stock could continue to rise on this expectation and eventual news.

  5. #5
    sxminvestor is offline
    Not sure how someone pulled off buying over 200k shares at .193 afterhours & now it's at .22 again.

  6. #6
    Whynot is offline
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    Joined: Sep 2008 Location: The Mid-Atlantic Posts: 113

    Thanks

    For correcting my statement, I wasn't aware of that regulation.

    Fingers crossed the bailout comes through, Mel announces refinancing and this trend continues!!

    Cheers,
    Whynot

  7. #7
    Greenland is offline
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    Joined: Jul 2008 Location: nation's capitol Posts: 119

    hi...

    me cookie monster. me like eating cookies, om nom nom nom nom nom nom !

  8. Ad Fairy Senior Member

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