Paul, thanks but that's not the point. I'd prefer if you commented on what I what I purchased. Tell me how you think they're great picks; you will buy some too and we will both make a lot of money.
Or, failing that, tell me something I've overlooked and get me to sell the damn stock. :o)
Bob's comment:
--- Insider activity is no assurance [WCOM's Sullivan sold no shares, GHV's CB bought heavily a few months before BK became obvious]...but I'm going to start requiring that it at least not be going against me. ---
I couldn't agree more. It's hard to find companies who pass the hurdle of "some insider buying", but a lower hurdle of "at least not a ridiculous amount of selling", is prudent, IMHO. In the cases where I bought along with the insiders, the worst case is ususally not too bad -- ususally, at the worst, it's no gain and dead money for awhile. But after awhile, all bets are off. As the insider buys age, their forecasting ability wears off.
exception - CHP quote.yahoo.com Here's one where the insiders continue to buy, while the stock is freshly dropping. So there are no assurances.
grommit |
