GREY:BHNGF - Post by User
Post by
GK52N106Won Oct 06, 2010 7:59pm
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Post# 17537969
Insider Buying
Insider BuyingI am a FIRM believer in the positve effect insider buying has on a company.
It's even a better indicator for obvious reasons when the insider is a CFO.
CFO's are cheap and frugal, they don't gamble, and they are only likely to invest when a company is getting close to generating revenue or a significant increase in share price.
Using Sheldon Intewash as an example, Pinetree was $1.41 a few short weeks ago and after his insider buying it closed at $1.91.