Each of the six independent directors of Chimera Investment (CIM) purchased 18,588 shares of...


Each of the six independent directors of Chimera Investment (CIM) purchased 18,588 shares of company stock the day after Christmas at a price of $2.69/each - summed up, about $300K. They're the first insider buys of 2012.
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Comments (18)
  • LonW
    , contributor
    Comments (217) | Send Message
     
    Good to know. If it hit $3 anytime in the future I for one am selling.
    29 Dec 2012, 09:06 AM Reply Like
  • DougRk
    , contributor
    Comments (1899) | Send Message
     
    Not particular to CIM, but in general insiders know we watch their moves. I don't doubt some do coordinated buys to capture attention, then use the period after to make some money.
    29 Dec 2012, 10:35 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
     
    What's the real story on CIM ????
    29 Dec 2012, 10:56 AM Reply Like
  • Maon
    , contributor
    Comments (39) | Send Message
     
    Don't be fooled by CIM insiders!
    29 Dec 2012, 01:16 PM Reply Like
  • mike8599
    , contributor
    Comments (588) | Send Message
     
    pump and dump scheme ?
    29 Dec 2012, 03:27 PM Reply Like
  • stevewojo
    , contributor
    Comments (353) | Send Message
     
    Don't forget that they also captured the dividend of 9 cents. Regarding coordinated buying and then selling, their purchase price was $2.69, 10 cents above yesterday's close. I don't think that they were planning on a quick profit. Maybe the revised financials are ready and are better than the public thinks!
    29 Dec 2012, 02:21 PM Reply Like
  • speculative
    , contributor
    Comments (1640) | Send Message
     
    I agree with you on this one. If things were the other way around, we should instead be witnessing a massive insider selloff and the heck with the .09 cent dividend. For those who believe otherwise, Pump and Dump would have made a world of sense when CIM was trading at $1.81/share and would have been much more lucrative. Why wait until it has gained 43% to decided that now is the time to execute a scheme? Steve, I also believe the financials will be better than Wall Street ever expected and better than CIM thought. Great job pointing out the opposite of popular beliefs.
    29 Dec 2012, 05:17 PM Reply Like
  • batitude
    , contributor
    Comments (120) | Send Message
     
    I can't believe that they were not in an insider blackout period - which should have lasted until AFTER the financial statements were caught up and filed There is always an insider blackout period until after filing and public release. Not sure how they could have made these purchases.
    29 Dec 2012, 03:54 PM Reply Like
  • stevewojo
    , contributor
    Comments (353) | Send Message
     
    Insiders are allowed to file 10b5-1 schedule buy programs with the SEC. These programs do not have to be made public nor do they have to be rigidly followed. Purchases can be made during "blackout" periods under the guise of these programs! Almost like legal insider buying on privileged information.
    30 Dec 2012, 08:16 AM Reply Like
  • Floyd Brown
    , contributor
    Comments (48) | Send Message
     
    I was going to trim my holdings in CIM a bit but think I will hold of for now.
    29 Dec 2012, 07:24 PM Reply Like
  • Danny2
    , contributor
    Comments (7) | Send Message
     
    I think Steve has a valid point, i don't think insiders buy to loose money
    29 Dec 2012, 08:21 PM Reply Like
  • Tommy8737
    , contributor
    Comments (43) | Send Message
     
    CIM is one my target of counter to buy and hold . It a best time to buy in 2013 which the short float is clear now.

     

    No harm to invest little .

     

    Not LONG & SHORT any position for CIM . Just normal buy at low price and sell at high price .
    30 Dec 2012, 01:33 AM Reply Like
  • tejoe
    , contributor
    Comment (1) | Send Message
     
    Obvious collusion, but why?
    30 Dec 2012, 05:25 AM Reply Like
  • SERVANT22
    , contributor
    Comments (32) | Send Message
     
    My cost basis for Chimera is $3.88 a share. I'd like them to coordinate things up to that level or better. I might get out. My nerves are about frayed.
    30 Dec 2012, 05:25 AM Reply Like
  • DR_Brown
    , contributor
    Comment (1) | Send Message
     
    Friends, they were buying the day before the ex-dividend, so clearly they are looking for the dividend. The question will be what they do with their shares afterwards, whether keep them or sell them.
    30 Dec 2012, 05:26 AM Reply Like
  • Peanutman
    , contributor
    Comments (3) | Send Message
     
    I agree with you my frends
    30 Dec 2012, 11:21 AM Reply Like
  • Tommy8737
    , contributor
    Comments (43) | Send Message
     
    Follow their actions. If can, act before they take action. Buy in before they buy, selling out before they selling.
    31 Dec 2012, 01:17 AM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2083) | Send Message
     
    I think CIM is just fine, and will pick up steam as the year goes by. The book value is higher than $3, I think $3.20 without looking, but I would begin to unload at 3 or even a penny lower, and put the money in a lil bit safer one like CYS, but def stay in REITs for returns close to PMs. I think PM's will be the show of the year.
    Capt. Brian
    The Lost Navigator
    PS I am also betting on Numismatics. Going to the F.U. N. Show in Orlando, so will see how numismatics are doin' and take gold dealers temperature. They are always bullish, but I can tell if they are buying or selling. Gives me a little better picture than reading gold dealers blabs.
    3 Jan 2013, 11:22 PM Reply Like
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