Today on CNBC Pete Najarian mentioned that he jumped into ISIL due to rumors of ISIL being acquired. I went to Yahoo and looked at recent new stories for ISIL and on September 11 ISIL's CEO purchased 38,000 shares. I feel that if ISIL were truly going to be acquired that the CEO would at the very least have an inkling that they may be acquired and therefore would be violating insider trading rules. My conclusion is that ISIL will not be acquired any time soon due to this purchase (he/she would not be that stupid). Thoughts?
By the way, while typing up this question one thing did occur to me... if the share purchase was part of a regularly scheduled stock purchase plan put in place far before any acquisition knowledge. Correct?
Submitted September 18, 2015 at 01:14PM by YellowTrickster72 http://ift.tt/1W8MciF
No comments:
Post a Comment