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Strategies & Market Trends : InvestRight - Short Term Trading St -- Ignore unavailable to you. Want to Upgrade?


To: Field who wrote (13)9/5/1998 10:27:00 PM
From: Jeffrey L. Henken  Read Replies (2) | Respond to of 939
 
Insider buying at CPU.

It's interesting that while many American's panic during a market sell off like this one insiders will pick up bargains along the way. I just visited the Insider Trader site where I saw 5 full pages of insider buying for the first time in a very long time. I'm going to post a good long term winner here for anyone interested in buying a stock in a quality company trading near it's yearly lows:

quote.yahoo.com

CPU-Compusa, 9 separate insiders purchased 286,600 shares in August at an average price of $15. Although it may take 6 months for this to pay off in a big way it I'm certain it will pay off. It would be possible to buy the stock on Monday for less than they did as it closed below $14.

Nine separate insiders! These guys know what they are doing. This much insider buying in the overall market also indicates to me another reason to believe the bear will be turning into a bull soon.

InvestRight!

BTW how did the CNBC piece go?

Regards, Jeff