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EPS100Momentum (73.69)

* Is insider buying always good news? Not to OPK shareholders

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May 26, 2011 – Comments (4) | RELATED TICKERS: OPK , SPY , QQQ

The CEO has been buying shares like a madman of (OPK) but the shares have fallen from 52 wk high $5+ to current $3.76

Stay Away until the down trend changes..

 

 

Themes: Insider buying Stocks: OPK

4 Comments – Post Your Own

#1) On May 26, 2011 at 1:34 PM, chk999 (99.97) wrote:

So why would a CEO buy large amounts of shares if he didn't believe they were worth more than he was paying?

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#2) On May 26, 2011 at 3:37 PM, nshamapant (22.62) wrote:

maybe the CEO knew it would go down, so as he buys he is getting a better price, maybe a sign that the uptrend to come will bring this stock to new highs?

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#3) On May 26, 2011 at 3:37 PM, nshamapant (22.62) wrote:

maybe the CEO knew it would go down, so as he buys he is getting a better price, maybe a sign that the uptrend to come will bring this stock to new highs?

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#4) On May 26, 2011 at 3:47 PM, Melaschasm (< 20) wrote:

Usually insider buying is a good thing.  Occasionally it is because the chearleader in chief has started believing his own bs.

I am not sure which is the case this time.

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