26-02-2015, 11:51 AM
(26-02-2015, 09:09 AM)CityFarmer Wrote:(25-02-2015, 10:42 PM)NTL Wrote:(25-02-2015, 10:08 PM)CityFarmer Wrote:(25-02-2015, 09:55 PM)memphisb Wrote: Insider purchase Loo's daughter.
23 Feb 360,800 shares @ $182,409.656
24 Feb 156,300 shares @ $79,949.4819
She has already started the purchased since 16 Feb, before CNY. It seems the accumulation will continue for a while.
(vested)
Date.....Total Shares Traded....... Share Purchased by Ms Loo...... % of daily trade
17/2.....498k.............................413k..................................... 83%
18/2.....72.5k............................69.5k.....................................95.8%
23/2.....385k.............................360.8k...................................93.7%
24/2.....263k.............................156.3k...................................59.4%
Can't find info on her trade on 16/2. The share price moved from 44c to 51.5c over these 4 days. Wondering why she is buying so aggressively and pushing up the share price.
I may miss a day in the reference.
The accumulation occurred after the end-year report. It is a very positive sign, amid the transition period, IMO
To me, it look more like she is supporting the share price, spending hundred of thousands on it. Will the share price at this level sustain if her "support" is removed?
Maybe I am just a little skeptical about her actions...
I have nothing else to say.