Insiders BUYING?
@redyellowblackdog (10629)
United States
August 30, 2007 8:24am CST
What a roller coaster ride! Back to back days on the DJIA this week where the DOW JONES INDUSTRIAL AVERAGE went DOWN and then UP over 200 points. What is going on?
Here's an article that says insiders see the losses as opportunity to acquire more of their companies' stocks.
http://biz.yahoo.com/cnnm/070829/082907_insider_buying.html?.v=1
I see the DOWN days as leading to a fantastic buying opportunity that has not arrived yet.
How do you see things in the stock market right now?
1 person likes this
1 response
@friendship (2084)
• Canada
1 Sep 07
I think insider buying can lead us to have a bit clue what is going on at the company. The downturn of US currency may help a bit because goods from US are now relative cheaper than other prominent countries (i.e., Canada, UK, Eropean Union). Productivity in US companies may be a bit higher recently because expectation is quite high -- US exports are now getting more vigorous. Investors including company insiders have seen this as a great momentum to buy stocks instead of selling.
@redyellowblackdog (10629)
• United States
1 Sep 07
Yes, after every major dip in prices lies a major buy opportunity and that's what the insiders are saying with their purchases.
