Surfr4evr
03-14-2006, 02:39 AM
In the last week alone, insiders have purchased $2.7M in shares of CVO...not really sure what's going on, but when the CEO plunks down a $1M of his own money, it's probably a good sign. http://www.form4oracle.com/
I've done some research on this site, and paper-traded for about 5 mos before dropping any coin. I look for multiple traders, not just one dude with spare change sitting around. I also look at trades involving heavy buying from the CEO, COO, or CFO...they're usually the ones with an inside track on the company. Rule of thumb: insiders sell shares for any number of reasons (kid's college tuition, daughter getting married, vacation, etc), but they buy for only one reason...they think share price will go up! Good luck and do your own homework. Theorhetically, you could sit back and wait for these large-purchases to happen and jump on the bandwagon. I average about 2 or 3 insider trades every quarter. Jump in, make a few points of profit, and bail. Or sit around and chase pennies recommendations from those already in the hole, or be a Cramer lemming...wat up. Mahalos.
I've done some research on this site, and paper-traded for about 5 mos before dropping any coin. I look for multiple traders, not just one dude with spare change sitting around. I also look at trades involving heavy buying from the CEO, COO, or CFO...they're usually the ones with an inside track on the company. Rule of thumb: insiders sell shares for any number of reasons (kid's college tuition, daughter getting married, vacation, etc), but they buy for only one reason...they think share price will go up! Good luck and do your own homework. Theorhetically, you could sit back and wait for these large-purchases to happen and jump on the bandwagon. I average about 2 or 3 insider trades every quarter. Jump in, make a few points of profit, and bail. Or sit around and chase pennies recommendations from those already in the hole, or be a Cramer lemming...wat up. Mahalos.