Username Password
About People & Picks | Help | Sign up
Home My P&P People Picks Tops Blogs Groups
S&P 500: 1,317.11 Change: -0.21%
rjm77me
rjm77me vip
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Weekly Insider Trading Summary: Notable Purchases

Date July 16, 2010    Comments Comments (7)    Rate this post Recommend This Post (113)   
Bookmark and Share
Abuse this post  Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Share ThisShare This
This week notable insider buying in the following stocks:
Monsanto (MON) CEO and CFO bought 67,500 shares at $51.75-52.31 on 7/13
Chindex Int'l (CHDX) 10% Owner Fosun Industrial bought 70,670 shares at $12.27-12.60 on 7/8-7/9
FTI Consulting (FCN) CEO and Chairman bought 20,000 shares at $32.76-33.24 on 7/15
Destination Maternity (DEST) 10% owner Mill Road Capital bought 25,000 shares at $24.70 on 7/8
Isramco (ISRL) 10% owner Naptha Holding bought 6,011 shares at $49.50-52.00 on 7/2-7/6
Agilysys (AGYS) Director (pursuant to a Rule 10b5-1 trading plan) bought 33,971 shares at $7.11-7.24 on 7/8-7/12
WHX Corp. (WXCO) 10% owner Steel Partners bought 50,926 shares at $3.90 on 7/9-7/13
General Steel (GSI) CEO bought 50,000 shares at $2.98 on 7/14

We've seen notable insider selling in the following stocks:
Unitrin (UTR) 10% owner Singleton Group 465,706 $25.60-26.74 $12,247,608 7/9-7/15
Apollo Group (APOL) Vice Chairman 250,000 $43.48-44.17 $10,948,745 7/8-7/13
Cash Financial Services (FCFS) Former Director/10% owner 97,820 $23.25-23.39 $2,275,244 7/13-7/14
FactSet Research Systems (FDS) Director 18,000 $71.21 $1,281,780 7/13
Tags : MON   CHDX   FCN   DEST   ISRL   AGYS   WXCO   GSI   UTR   APOL   FCFS   FDS  

7 Comment(s):

Author CWGriswald     Date July 16, 2010 12:55 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
There was an interesting study done by Forbes on insider buying and stock performance. They looked at all investment newsletters that focus on insier buying as a signal for better returns. The study found that the reality is that insider buyers actully underpeform the market. The study did nothing with regards to insider selling. My advice is don't buy on insider buying alone.
Author InvestmentMAGE     Date August 7, 2010 11:06 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
There are lots of reasons to sell, but only one reason to buy.

MAGE
Author rjm77me     Date August 7, 2010 12:17  Edited: August 7, 2010 by rjm77me Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
It depends upon one's time frame. Was the time frame 3 week, 3 months or a year. For short term traders some insider buying helps. It is one little positive thing. Every insider purchase is not a positive vote for the stock. One needs to do home work based on other factors.

CWGriswald,
Please clarify the time frame for the study as mentioned above. The stocks move up and down with market, with earning news and what not. For me it is 2 / 3 week positive thing. Then I check for earning date. I also wait for first rush of buyers to buy on insider info or I will trade if the flow is positive and say thanks to market news flow and sell before the rush of buyers is gone.
Author InvestmentMAGE     Date August 15, 2010 12:45 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
RE: MON

Judge's ruling uproots use of biotechnology beets

http://finance.yahoo.com/news/Judges-ruling-uproots-use-of-apf-3064119096.html?x=0&sec=topStories&pos=main&asset=&ccode=
Author rjm77me     Date August 15, 2010 16:07  Edited: August 15, 2010 by rjm77me Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Interesting - thanks - i was thinking of buying MON - sentiments had changed for agricutural stocks in last 30 days - i did buy again at 49.5 and sold at 59.50 - recouped my first time loss.

The Center for Food Safety, Organic Seed Alliance and Sierra Club have been trying to uproot the biotech beets since filing a 2008 lawsuit.
It is way the system works - how one group can hold some one hostage for right or wrong reasons.
Organic food is good - the definition and quality is too vague to pay the premium in my views
Author rjm77me     Date August 16, 2010 17:09 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
The above makes IPSU as a trade of the week = sugar related - speculative for sure
Author InvestmentMAGE     Date August 23, 2010 17:09 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
If you like sugar, take a look at sgg and czz
Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.
Sponsored Links
©2008-2012 PeopleAndPicks.com | Terms of Use