The newsletters published by Jack Adamo periodically feature articles exposing phony Insider buying in specific stocks, as well as pieces on how to detect specious Insider transactions in general."
I believe that backs up my post pretty damn well.
Good luck with your newsletter investing.
>>I would only add that insider buying is a notoriously bad indicator on the future price of a company's stock.<<
Nextel (NXTL) has done well. Up 169% - 310% since insiders bought. Not bad, huh? Insiders bought in the 3.58 - 5.45 range. Later, after a blow-out earnings report, NXTL rose to 14.67.
My point is when multiple insiders make multiple purchases (like they did at Nextel & ON Technology), they are saying "this stock is priced attractively (relative to company fundamentals) for insiders to make repeated purchases, and expect to profit."
The insider buying and selling activity of ON management and directors reveals a consistent pattern. It shows that multiple insiders bought at an average price of $2.34 in the last 5 years; and multiple insiders sold at an average of $14.84 in the last 7 years. (It took me over an hour to calculate these figures, so anyone who wishes to recheck these numbers, have fun.) In the past, this buying and selling activity has been an accurate signal that ONTC stock was nearing a top or bottom. (Isn't it amazing that when insiders sell they CLAIM to be diversifying their portfolio, when in fact they're getting out before the stock tanks. And now, the opposite is true: When insiders buy...especially multiple insiders...they are sending a signal that the stock is undervalued. Note: I excluded AWM Investments and the Special Situation LP's because they are not part of ON management or BoD's.
**I recommend clicking on the heading to organize the data (ie 'Insiders')
Also, I noticed that most current members of ON management and directors hold very large positions; in spite of the selling that occurred in 1995/1996 and 1999. So, that tells me they are not sellers at these low levels because ONTC is undervalued; OR, it's possible that the company will be sold at some point in the future.
It is good to see you here as I have read your posts on the SNIC board with great interest.
There have been a few sales of less than 11,000 shares with those holders having nearly 4,000,000.
Would your analysis say that stakeholders are neutral because they have not bought recently??