Big dollar buying sprees Wednesday, January 30, 2008
Posted by ei-forum in Investing.trackback
Did anyone notice that Robert A. Day has decided to go on a buying spree? The billionaire and founder of The Trust Company of the West has recently bought 15,296,834 USD worth of McMoRan Exploration Co. (MMR) stock! We decided to go on InsiderCow.com and the list of filings is truly impressive – we suggest you have a look, just type MMR: link.
On the Financials side, Mr. Medina-Mora, Chairman and CEO Citigroup Latin America and Mexico, bought 185,000 shares for 5 million USD. What is interesting is that 2 days before the purchase he received over 240,000 shares at no cost through his stock incentive plan – to say he is bullish about Citi is an understatement!
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