Those of you who are getting Sally Alerts, got a triple play this morning with WSSI. First a Director filed a $2.0Million purchase, followed by another Director at $50K and finally, the CEO disclosed a $100K purchase. The stock closed yesterday at $9.90, opened today at $9.92 and was at about $9.97-10.00 when those I-Buys hit. The stock ran to as high as $10.30 in the aftermath of the filings. That's a pop of about 3% at its best. WSSI was a $20 stock less then one year ago and clearly these insiders see value here.
As for me, I took half my position off at about a 2.5% gain, and am holding the other half with a $10.05 mental stop. By mental stop, I mean that if the stock falls back below $10.05 I will either exit all of my position, or place a trailing stop on it all, as I wouldn't want to lose more then half my total profits.
Multiple insiders buying a stock that's at it's 52 week lows.........Thanks, Sally, you're a sweetheart.