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%
“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”
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.