you know that a prophet that prophetizes too early is usually scorned because of short memory, and you lose credibility as people forget, but when you are just plain wrong you are not a prophet either.
If you truly have received insider information, purchased shares based on the information, and are posting it on a Yahoo Message Board, I suggest that you seek legal advice as the SEC will be looking for you if the buyout goes through.
I really can not believe that any buyout is coming due to the fact that there has been insider buying, either the insiders are unaware of any offer or interest or they would not be allowed to buy as there would be a black out period under SEC regulations. So if you have a source the source is saying that CLF knows nothing of this offer and it is not going to be friendly and the offering party has not had a chance to do any DD as far as looking at any of the corporate paperwork. That seems extremely unlikely so what is left is that you are totally inaccurate and have another agenda
If there is a company buying they would normally look at the books or talk to the board of directors, BOD members have been trading, now they could be automated sales or buys previously set up, also key executives have been doing the same. These are not ancillary insiders but key players. again they could be prearranged buy/sells. but a few are not.
getalife, that is possible but history would say different, there are many insiders that know all the way down to secretaries and they tell all their friends, you can tell this by the upward volume usually double and stock move in the days preceding the announcement, my question is why doesn't the SEC notice, after the fact it is real obvious on the dozen or so companies I have seen, I even know a gentleman that got reports on bathroom breaks during the board room negotiations on a merger and the failure of it to be consummated and sold his position prior to meeting being over and before announcement . This world is very crooked. You will be able to tell very easily when or if it happens. I have only seen 2 mergers that were entirely quiet and no leakage prior in over 40 yrs of investing I even knew a cEO and asked him about a merger and he told me he couldn't tell me but no then the next week it sold and when asked he said he woke up several days later and his parkinson's disease was a lot worse and he said what the heck and sold it. The rumor was on the street for 4 weeks and the bid ask was 6/8 quite a spread, even the market maker knew.
rlb.....while I dounbt this original poster has any source other than his fantasy, I am not sure why you think all insiders must know if the company is in negotiations to be bought out. Very few people in fact typially are aware of the formal due diligene being performed by the outside entity.