Insiders aren't necessarily geniuses of course, look at what happened to ATPG after insiders bet big. But that's three guys now, all meaty purchases (at least in terms of us poor schlubs). Pretty telling. I'm glad I made a second buy Firday, with the price winding down as the day draws to a close, profit taking might provide another opportunity to take one more nibble in the $15's, because I think things settle down as the week goes by. If we hit $15.50, I'll bite. I already bought EROC again, it hardly moved today.
And look at the investor genius Aubrey McClendon who margined himself on CHK stock to the extent of wiping out billions of his own wealth. Of course, he got the company to bail out a lot of his losses, but that's another story.