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OT - INFN insider
buy
OT - INFN - CEO Fallon bought 100k shares, sending the stock up
almost 8% (Now, just another 18% needed to get back to the price
before the CC :-)
Which of course is good news. Although I do remember a quarter,
probably a couple of years ago, when insiders were buying around
$12, the quarter turned out to be a disaster,
and the stock price fell well below $10. Still, one cannot
complain about anything that supports the stock price. Does not
Suri have similar deep pockets? I *think* NOK was talking about
buying back shares, but when the CEO puts his own money on the
line....well, one can dream, yes?
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Jamok,
Fallon has bought at $12, later at $8.xx and now at $6.
For a grand total of 300K shares. Damn, that is well over
$2.5M, is the third time the charm?? LOL Talk about catching
a falling knife.
IMO, his buy is on the still firm belief that when CenturyLink
(with Level 3 now officially merged into it) return to ordering
equipment, the revenues for the year should swell by more than
13%. The $2.5M question is when?!?!?!
I bought 2.5K shares in the early AM
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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11/13/17 at 4:30 PM CST
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