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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: anializer who wrote (46143)	1/9/2012 6:51:19 PM
From: Madharry	1 Recommendation Read Replies (1) \| Respond to of 78618

i bought in the 20s after seeing insider buying by people i consider to be very shop. sold out around the 17 market tail between my legs. it will be ok eventually. but I have followed insider buying a couple of times into companys that went belly up. in one case I asked the investor relations guy point blank if the the ceo had borrowed the money from the company to purchase shares and he assured me she hadnt. they company went belly up and sure enough she had, and if memory serves me right, they had some sneaky clause in there that said that the ceo would be exculpated from furthur legal responsibilty by turning in the shares financed to the company , which she did of course. then of course with chk they pretty much the ceo whole by offering him some huge bonus after the shares he bought on margin collapsed.