Nothing on Tues. Today another light schedule and havnt looked at it yet. I will update after I take a look at the games today.

Not much in the way of swing trades since the market is going up every day. Today is no exception as its looking like a gap up of around .5%

A Comment:

“Rick – does this mean when a CFO of a company publicly invests in his/her own company? Because they have to declare any interests they have? (I don’t understand the ins and outs as you can probably tell!) – thanks”

My response:

Yes. There are a lot of theories about insider trading and the predictability  of future prices. This latest study came out a few days ago by cxo advisories.  You have to be a member to get their full comments on this but the summary is:

“evidence indicates that investors may be able to get an edge by mimicking the open market stock purchases of CFO insiders at small and midsize companies.”

In addition the study encompasses the following period:

“Using data for 12,936 CEO and 7,049 CFO purchases and 24,527 CEO and 13,909 CFO sales of shares in their companies during January 1992 through July 2002”

CEOs have a positive return after 3 months but CFOs have a little over 2x better return. Cautious person that I am I am only going to take the CFO insider trades and also screen the companies using morningstar and guru grader.


Twitter: rickjsportplays

Showing 3 comments
  • Adam

    Thanks Rick – makes good sense.

  • Ryan


    Thoughts on a company called Headwaters (HW)? It’s a stock that has lately seen significant insider buying by its CFO.


  • Adam

    Rick – does it worry you that the data in the survey is almost 10 years old? Do you know how the strategy has performed from 2002 into the present day?

    It worries me enough inefficiencies getting ironed out over time in the sports markets. In the stock markets I just assume it as a given! (although I accept that they still exist of course)

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