Very late on Friday afternoon it was disclosed the the CEO of I-Many Inc (IMNY) purchased $112K worth of IMNY shares on the open market on Thursday. He paid $1.55/share. This was the 9th purchase of IMNY shares by insiders since August 17th. These insider purchases were made between a low of $1.38 and as high as $1.55.
I bought a decent size chunk of IMNY just before the close, paying $1.49 and $1.50. The stock is trading in the after-market now at bid $1.52, ask $1.57. Last trade was $1.54 and 145K shares have traded on Friday.
I could have banked an easy 3%, but instead am holding over the weekend. The stock traded as high as $1.87 earlier this summer.