subject: Baron Energy (OTCBB:BROE): CEO Stock Aquisition Explodes Volume [print this page] Many Quant Funds have 1 over riding box to check which initiates a position for them Dimensional Fund a large player in the Small and MicroCap space for example have criteria ( which they keep proprietary) which unearths a stock few others find. This criteria is the CEO having "skin in the game"....so to speak. It's ingenious really, some computer nerd figured out a simple market axiom and created a web crawler which finds stocks all around the globe which meet his back tested criteria.
Today Baron Energy has traded 4 times the average volume over it's last 200 trading days (another Quant Fund stimulator) and seems poised to add new institutional investors. Usually volume drives many quant funds and there are more of the quantitative funds now because stock selection by a human seems flawed at times and investor hire quant funds ( computer selection versus human selection) instead of there typical broker from Merill Lynch.
Baron Energy (OTCBB:BROE), an independent oil and gas company, today announced that its President and CEO, Ronnie L. Steinocher, has acquired 420,168 shares of stock in the Company in a private transaction.
Baron owns production that is 99% oil, both operated and non-operated, with working interest ranging from 5% to 100% in oil and gas fields located in Baylor, Borden, Garza, Jones, Runnels, Scurry and Taylor Counties, Texas.
Baron's growth strategy centers on making accretive property acquisitions in its core operating area. The Company targets properties that have oil production with upside developmental potential.
