Originally Posted by
Vectorfly
Sometimes the top brass will buy up stock just to stabilize a falling share and promote stability to their shareholders. Who knows really, but unless they have something up their sleeve airline stock might not be a good place to park cash.
Actually, you may be closer to the truth than you think. JO and team bought just after 2007 year-end results were published (on 1/15/2008) and just after the 10-Q was published (2/14). Both reports were negative. I think they were trying to show "management confidence" in the company. Goes to show that they potentially misread what was/is coming at them.