What improvements would you like in Yahoo! Finance Message Boards? Please send us feedback.
Massive insider buying on GFF?     26-Sep-08 11:24 am    
On September 19 GFF closed at £8.87. The option to buy at $8.50 for several insiders expired that day. Several of them did. Actually, Actually a massive buying occurred for over 16.6 million dollars. The following web pages document the fact:

http://www.sec.gov/Archives/edgar/data/5...
http://www.sec.gov/Archives/edgar/data/5...
http://www.sec.gov/Archives/edgar/data/5...
http://www.sec.gov/Archives/edgar/data/5...
http://www.sec.gov/Archives/edgar/data/5...
http://www.sec.gov/Archives/edgar/data/5...

It seems to me that, since insiders cannot sell for several months, this should be considered a massive inside buying. Also please note that yahoo web pages don't record things properly, i.e., you have to go on the SEC web site if you want to know the whole story:

http://finance.yahoo.com/q/it?s=GFF

Considering that GSS has a huge amount of shorted shares (over 23% as of August 26), good news and covering of short positions could send this stock sky high in the next few days:

http://finance.yahoo.com/q/ks?s=GFF

Arturo
Rating :
 (No ratings)
Rate it:
awful/not related to \pooraveragegoodexcellent

arturo_dido...

Male


View Messages

Ignore User

Report Abuse

< Previous Message |   Next Message >
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Messages in Topic

Minimum rating: What's this?
  Subject Author Rating Time of Post (ET)  
 
Massive insider buying on GFF?
arturo_dido... Not rated 26-Sep-08 11:24 am  
 
I take it that you mean that GS has 23% of the tot...
buy23_46_69... Rate it 23-Oct-09 04:23 pm  
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last
< Newer Topic | Older Topic >

Griffon Corporation (GFF)

Chart for Griffon Corporation (GFF)
At 3:59PM ET: 11.71 Down 0.19 (1.60%)
Symbol Lookup