The Inside Move

rffrydr · Posted: Sun May 10, 2009 12:58 am Post subject: The Inside Move

JPMorgan Chase (JPM Quote) CEO Jamie Dimon bought 500,000 common shares of his company's stock on Jan. 16, the day after his firm reported fourth-quarter earnings.
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The purchase was reported in a filing with the Securities and Exchange Commission Wednesday. Dimon took the large stake at a share price of $22.93, for a total value of about $11.5 million. His total position in JPMorgan following the transaction was about 3.5 million shares. The stock closed Wednesday at $22.63, down 1.3% fro

Bank of America Corporation (NYSE: BAC) was already trading as though the options traders were placing a bet today “against nationalization” and now we are getting more news from the company. SEC filings are showing that key company insiders are buying up stock now that the shares are trading below $5.00.

CEO KEN LEWIS:
02/04/2009 bought 75,000 at $4.78
02/04/2009 bought 66,000 at $4.79
02/04/2009 bought 50,000 at $4.81
02/04/2009 bought 9,000 at $4.80….
Total direct ownership is 1,660,997

Immelt & Neal Buying GE Stock (GE)

General Electric Co. (NYSE: GE) insiders are buying shares of their battered company stock. Two Form-4s filed with the SEC show that CEO Jeff Immelt and Vice Chairman Michael Neal each bought stock. Neal’s purchase was 50,000 shares at a price of $7.90 for $395,000. His direct holdings are now listed as 753,341 shares. Immelt’s acquired 50,000 shares at $8.26 for some $413,000.00. His direct holdings are now 1,724,936 shares of GE stock.

Insiders buying stock is no assurance that a slide is over. Ask Immelt, as he has paid over $30.00 per share just last year. But insider buying is often a sign that management believes enough is enough. GE’s stock is down about 9% at $7.72 on very active trading, Its $7.51 intra-day low is almost $0.90 under Friday’s low (also a multi-year low).

UPDATE AT 3:10 PM EST: Director Ralph Larsen acquired 30,000 shares at $7.65 per share for $229,500.00 today as well. He now holds 157,784 shares.

Jon C. Ogg
March 2, 2009

Wells Fargo Chairman Buys Stock (WFC)

The chairman of the board of directors of Wells Fargo & Co. (NYSE: WFC) has just used today’s weakness to buy stock. Richard Kovacevich spent $805,000 to purchase 100,000 shares of Wells Fargo common stock at an average of $8.05 per share. He owns about 2.365 million shares. Wells Fargo shares are off of the lows, but the stock is still down 14% at $8.28 at a new 52-week low if this closes under $8.81. Its 52-week high is $44.75. As a reminder, this is one of Warren Buffett’s larger positions of stock.

Jon C. Ogg
March 5, 2009
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Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Thu Aug 11, 2011 7:41 am Post subject:

Trim Tabs was just on CNBC yesterday saying this wasn't the case. But then the guy was agitated that he wasn't seeing the M&A!

Markets are given WAY too much credit.
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HenryTo · Posted: Thu Aug 11, 2011 1:48 am Post subject:

Insider buying weekly average at its highest since the five days ended March 9, 2009:

http://www.bloomberg.com/news/2011-08-11/insiders-buying-stock-at-highest-rate-since-march-09-as-s-p-500-drops-18-.html

rffrydr · Posted: Sun Mar 27, 2011 6:15 am Post subject:

Having sold the great "dead-cat" bounce in spring '09 (proving once again that "knowledge" is only as good as those using it) insiders have scrambled to make up for it during the euro-crisis last summer.

Though current trends toward monetizing some of this hoard the heavy long sentiment is still in tact.

http://www.google.com//finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1301228347715&chddm=32823&chls=IntervalBasedLine&q=INDEXAMEX:SBRIN.X&ntsp=0
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rffrydr · Posted: Wed Jun 23, 2010 7:18 pm Post subject:

Robert Toll, the CEO of TOLL Brothers bought 250,000 shares yesterday.
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Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Tue May 19, 2009 3:03 pm Post subject:

Bloomberg's version:

http://www.bloomberg.com/apps/news?pid=20601103&sid=aQ.xsUpiZcsY&refer=us
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Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Tue May 12, 2009 7:02 am Post subject:

Speaking most broadly, they nailed it:

http://futuresource.quote.com/charts/charts.jsp?s=EURJPY%20A0-FX
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Today is the Tomorrow you worried about Yesterday!