Friday 11/6 Insider Buying Report: LODE, CYH
Friday, November 6, 10:31 AM ET
Launch related slideshow:
10 Bargains You Can Buy Cheaper
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Comstock Mining (AMEX:LODE), a filing with the SEC revealed that on Wednesday, Director Robert C. Kopple bought 1,948,954 shares of LODE, for a cost of $0.59 each, for a total investment of $1.15M. Bargain hunters have the opportunity to bag LODE at a price even lower than Kopple did, with shares trading as low as $0.55 in trading on Friday which is 7.6% under Kopple's purchase price. Comstock Mining is trading trading flat on the day Friday. This purchase marks the first one filed by Kopple in the past twelve months.