Buy my GLXZ stock
Any theories?
Quote: SOOPOOI think something must be going on with GLXZ. Was less than $1 in October but now closed at $2.29 Friday. Good for my 1770 shares.
Any theories?
COVID vaccines are good for casinos. If you look at other casino-related stocks in the same timeframe, you'll see similar movement.
Quote: SOOPOOI think something must be going on with GLXZ. Was less than $1 in October but now closed at $2.29 Friday. Good for my 1770 shares.
Any theories?
More.... now $2.55. SOMEONE knows something! The only thing I can think of is insiders must know it will be bought by someone... or some game will be announced as super profitable. But up over 10% today on no news....
. Someone still knows something!!!!! Up to $2.75. I always laugh at ‘insider trading’ laws. SOMEONE knows something that is not public. And is taking advantage by buying. No.... I don’t have any evidence.. but all of a sudden someone decided GLXZ is worth $10 million more today than a week ago? I’m happy to be along for the ride.Quote: SOOPOOMore.... now $2.55. SOMEONE knows something! The only thing I can think of is insiders must know it will be bought by someone... or some game will be announced as super profitable. But up over 10% today on no news....
Quote: SOOPOO. Someone still knows something!!!!! Up to $2.75. I always laugh at ‘insider trading’ laws. SOMEONE knows something that is not public. And is taking advantage by buying. No.... I don’t have any evidence.. but all of a sudden someone decided GLXZ is worth $10 million more today than a week ago? I’m happy to be along for the ride.
The CEO just publicly acquired a good bit of it on February 19th and filled out an SEC report accordingly:
https://www.sec.gov/Archives/edgar/data/13156/000120919121012286/xslF345X03/doc4.xml
Other sources say, "Shares received in connection to the reporting person's position as CEO."
It would appear, since there was no new issuance and was a price listed that GLXZ bought 80,000 shares and compensated the CEO with them.
As far as your concerns of insider trading are concerned: I don't think this proves anything at all. GLXZ is a small-cap stock that only has something in the neighborhood of 22M shares outstanding, so that means it'll just be more volatile than most. As you saw from October until now, it just did what the broader casino industry (not to mention the overall market) did, but in a much bigger way.
People might also be taking notice of a few Institutional Investors picking this stock up on December 30, 2020, though the percent held by Institutions is still less than 10% overall as the two who picked it up that day appear to be the only Institutional owners.
