trading. Not the kind of “look at my new shawl” kind of insider trading that Ms Stewart got busted for. No, this kind is legal. All you do is look at how the insiders are trading. In other words, suppose you’re thinking of buying a few shares of Imation stock. Imation makes computer storage devices like blank CDs and DVDs.
Just one part of the for a beginner information gathering you need to do before you settle on buying that Imation stock is what are the insiders, or executives, the ones that have thousands of shares of stock of the company they work for, doing? Are they buying Imation stock right now or are they selling their Imation stock right now? These are the people that know what is going on at the company so by looking at their stock trading activity you might just get a clue.
Several months ago, several Imation executives sold thousands and thousands of shares of stock but as of late, two executives purchased thousands of shares of Imation. See, it makes sense. When I look at the price of that stock several months ago, it was the highest it has been in a very long time. Right now, it is several dollars lower so of course it is a good time to purchase because after studying a few more factors, I see it has a more than a fair chance of going back up.
Now, for you who are gathering for a beginner advice, this is just one little tip. Look at what the executives are doing. It is public information and most of the time when you analyze those decisions, they make sense.
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