ert123: Your post is misleading. You are quite inaccurate in saying "all the insiders are selling"
There are only three insiders who have sold shares this year and the amount makes up a miniscule percentage of the total all insiders own. To draw the conclusion you shouldn't have faith in Transact is a bit absurd. [Insider sales during 2006 to date: Bart Shuldman (the Chairman/CEO) has sold about 100K in 8 transactions. Michael Kumpi (Exec. VP of engineering) sold about 30K in 6 transactions and James Stetson (another Exec VP) made one sale of 12,750.] It is possible to "have faith" in a solid, profitable, debt-free company, but sell a few shares now and then.
Fair enough. But how many shares do you think Bart has? Selling a "few shares from time to time" is fine. He has liquidated more than 25% of his ownership in the past 18 months or so. And most CEOs sell when the share price is high unless they are under a program sale. He has sold in the open market all the way down. A good CEO would be buying at these levels if he truly believed the stock was under priced. He obviously does not.