On December 13th about thirty minutes before the close, my insider service, SEC Analytics, posted an insider Buy for ALLOY INC (ALOY); the CEO had bought $108K worth of stock on the open market two trading days earlier, on December 9th. At the time of the posting, ALOY was available to buy at the very same price range that the insider had bought his shares, $5.88 - $5.90 a share. Before the close, ALOY was trading above $6.00, to as high as $6.10 on very heavy volume.
The next morning, December 14th, ALOY opened at $5.97 a share and traded strong all day long, trading as high as $6.51 before closing at $6.40. On December 15th, ALOY once again opened strong, at $6.43, trading as high as $6.68 as I write this.
This is typical of a one of the better insider buying trades:
A late afternoon signal that carries into the next day and beyond, for a 10% or better pop. A day-trade on the afternoon of the signal provided the potential of a 4% gain, the days immediately following the signal expanded the potential gain to over 10%.
2 comments:
Greg, when I started with SEC_A it was via a free trial, which I am sure they still offer. As for those day-trades listed at the site, don't put a whole lot of emphasis on them, as it represents just one way to trade these insider buys. The information relating to who is buying what and how much can be turned into longer term position trades, not just day-trades. If you don't need real time alerts, there may be a more affordable way to go.
Greg,
You can go to www.secanalytics.com and sign up for a free 2 week trial and try the service out. I realize the service is costly, but we will work with you to hopefully help get you a few sucessful trades under your belt. Once you do, you will be able to see how cheap the service actually is!!!!!
Thanks,
Dan (secanalytics user and analyst)
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