Another insider trade im getting into on Monday TRST

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Handicapper
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Last trade $4.91



Very bullish insider buying coming from this stock.
Meets all my criteria.
Just recently hit a 52 week low,, and everyone under the sun is buying huge lots of stock on the open market.

Every who's who in the company has just bought a ton on July the 6th and 7th.
I call it shotgun buying when so many different people on the inside get in so quickly.

This may just be a case of the group collectively thinking the stock got way to oversold. So it may not shoot up instantly. But I do want to get in and have a position on this stock.

I will be purchasing 800 to 1000 shares monday depending on what entry point I can get.


This stock has different characteristics then OPK does in my other thread.

OPK was a stock not being bought from the inside on dips or anywhere near a 52 week low.

It was also bought by the founder, and the founder only on a regular dollar cost average basis.

This stock seems to be a collective group effort of insiders buying on the fact that it got oversold. I dont expect TRST to shoot to the moon on big news.

But I do suspect that if you get in now, you will be getting in at the bottom.

Who knows, maybe there is big news coming soon on this stock. But this is a different kind of insider trading then OPK.

This stock seems to be getting bought by insiders due to it being oversold.
OPK was bought by Phillip Frost due to him knowing something big is about to happen.

Both scenario's point to both stocks heading north, but for different reasons.

Huge insider buying here.

And this is a stock that had no significant insider buying in years.

From the President and CEO, to the treasure.



DE GENNARO DENNIS A Director Jul 06 Buy 4.60 10,865 49,979 67,815 Jul 07 04:37 PM
Maggs Thomas O Director Jul 06 Buy 4.60 39,335 180,941 39,435 Jul 07 04:22 PM
Maggs Thomas O Director Jul 06 Buy 4.60 12,170 55,982 23,910 Jul 07 04:22 PM
PURDY WILLIAM J Director Jul 06 Buy 4.60 10,865 49,979 63,783 Jul 07 04:15 PM
Poitras Thomas M VP & ASSISTANT SECRETARY Jul 06 Buy 4.60 5,435 25,001 29,564 Jul 07 04:06 PM
MARINELLO ANTHONY J MD PHD Director Jul 06 Buy 4.60 8,695 39,997 48,011 Jul 07 03:57 PM
POWERS WILLIAM D Director Jul 06 Buy 4.60 4,345 19,987 164,502 Jul 07 03:53 PM
LUCARELLI JOSEPH Director Jul 06 Buy 4.60 43,480 200,008 194,348 Jul 07 03:49 PM
CUSHING ROBERT T CFO & EVP Jul 06 Buy 4.60 21,735 99,981 21,736 Jul 07 03:09 PM
SALVADOR SCOT R EVP & CHIEF BANKING OFFICER Jul 06 Buy 4.60 16,300 74,980 83,364 Jul 07 03:03 PM
LEONARD ROBERT M SVP & SECRETARY Jul 06 Buy 4.60 7,605 34,983 32,746 Jul 07 02:04 PM
MCCORMICK ROBERT J PRESIDENT & CEO Jul 06 Buy 4.60 86,955 399,993 572,668 Jul 07 12:48 PM
SCHRECK ERIC W TREASURER Jul 06 Buy 4.60 2,166 9,964 38,366 Jul 07 12:21 PM
MCCORMICK ROBERT A Director Jul 06 Buy 4.60 54,345 249,987 1,416,885 Jul 07 01:01 PM
 

the bear is back biatches!! printing cancel....
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Item 8.01. Other Events.
On July 6, 2011, TrustCo Bank Corp NY completed its previously announced public offering of 15,640,000 shares of its common stock at a price to the public of $4.60 per share. The net proceeds to the company, after deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $68.1 million. The shares sold included 2,040,000 shares issued pursuant to the exercise of the underwriters' over-allotment option.
 

Member
Handicapper
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Thank you tiz.
Saw all the buying and my eyes got big.
I would like to think that I would have caught this by monday morning, but thanks tiz just in case.

I will be passing on this play on Monday.




This is NOT an example of insider buying.

These are basically options.
I cant believe I overlooked this.
No significance about this transaction at all.


PASS
 

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