On February 11, 2005, a Director of Edgar Online bought $27K worth of EDGR on the open market for about $1.41 a share. Two days earlier this Director bought about $2K worth of EDGR for $1.33 a share.
Nothing to write a blog about?
By Valentine's day, the stock was up to $1.75, a tidy 20% move. A week later $2.33. By February 28th, the stock closed at $2.45. Yesterday, March 1, it touched $2.70. Today, EDGR is running, opening at $2.65 and has printed as high as $3.49.
True to my system, I was in and out of EDGR on February 11th, for about a 4% daytrade gain. The other 150% or so of gain was left on the table. There's a lesson here.
If anyone knows what that lesson is, please comment.