Don't forget insider's cannot sell thier stock at the top. They started selling VSH at around 53$ to 54$ range. The high on the stock is 58 1/4 so this tells you to buy. DLJ has upgraded the stock from 55$ to 80$ so does ML.
<<Don't forget insider's cannot sell thier stock at the top.>>
Actually, they can; but, unless they know bad news is coming, and have not disclosed it, which I do not think applies to VSH, they are not likely to know that they are selling at the top.
The only direct limits on insider selling or buying are (1) limited time periods during which they can buy or sell; (2) minimum holding periods once they have bought; and (3) limits on quantities they can sell relative to the stocks trading volume.
Indirectly, insiders are not supposed to sell with knowledge of undisclosed bad news that would materially affect the stock's price and are not supposed to release "good" news to bump the stock price, knowing that it is false, so that they can sell into the price rise that comes from the good news. This is the stuff that lawsuits are made of and that keep securities lawyers and plaintiff's class action lawyers in business. There is NO evidence or hint or indication that either of these is present with VSH.
One last point regarding VSH insiders. I have seen a lot of form 144s but not nearly as many form 4s. Form 144s are required to be filed to disclose an intention to sell within 90 days restricted securities: form 144s are not reports of sales. Once stock included in a form 144 filing is sold, a form 4 must be filed. While there have been some recent 144s from VSH insiders, there are substantially fewer form 4s. Form 144 stock could be from a stock bonus, a pension, or a profit-sharing plan, a private placement, or several other reasons.