Want to know where the Insider action is?
Here's the place to find out!
Before using our Insider Action Alerts,
please read the Important Disclaimer at
the bottom of this page.
We also strongly recommend that you read the
article "Insiders Today," just
below. It will give you important tips on understanding Insider
transactions, and our presentation of Insider data.
Sorry, but due to Jack's heavy workload these alerts are not currently available.
As the availability of information on Insider
transactions has increased, the interpretation of it has become
significantly more difficult. This is mainly for two reasons.
First, since Insider
buying is reported widely in the media, companies now use Insider
buying as a source of publicity. Often, when the company hits a
rough patch, Insiders buy stock to put up a front that executives
are optimistic. Unmasking these, and the other false signals
presented by Insiders, is something that requires a good deal of
experience and analytical ability.
The other primary reason for the difficulty of
interpreting Insider transactions today is that companies use stock
options extensively as part of their executive compensation
packages. This often results in executives having large amounts of
stock that they can sell to augment their salaries. These options
usually become exercisable for many executives at the same time,
precipitating heavy Insider selling that does not necessarily
indicate the company is in trouble.
The interpretation of Insider selling is even more
difficult than Insider buying. Never buy, sell, or short-sell a
stock based solely on raw Insider data.
Some of the many other factors that might influence Insider
- Buying may be required or "strongly
encouraged" by company policy. Requirements are usually,
but not always, disclosed in the proxy.
- Buying may be made with money borrowed from the
- Buying may be subsidized so that stock is
bought at below market prices.
- Selling may be for many reasons, such as asset
diversification, that do not indicate any pessimism about a
The information presented in the 4 Insider
Action Alerts featured at this site is "raw." It has
not been scrutinized to uncover factors that might mitigate,
strengthen, or change the significance of it. This information
should be considered only a preliminary step in the process of
analyzing a company.
For stock recommendations based on fully analyzed
and expertly interpreted Insider data, we recommend a subscription
to Insiders PLUS. For more information on Insiders
PLUS, or to subscribe, click here.
The owners of this web site obtain information
from sources that transcribe data from SEC filings on a daily basis.
The owners believe the sources are accurate, but cannot guarantee
the accuracy of the data. No warranty regarding the accuracy or
usefulness of the data presented on this web site is expressed or
Some Insider filings are subject to
interpretation, and occasionally, some are filed erroneously. The
owners of this web site make efforts that, in their judgment, are
appropriate to clean and correct data which appears ambiguous or
wrong. The owners cannot guarantee and do not warrant that their
interpretation or change of any filing is correct.
The information appearing on this web site is
processed and selected with the aid of computers. Computational
errors could occur as a result of faults within the programs
managing this data, or through the inability of the computer
operator to monitor all functions and output, or for other reasons
which the owners could not foresee or could not prevent by
economical means even if foreseen.
The user of this site and the information
contained on it assumes all liability for the consequences of any
action taken as a result of his use of the information provided on
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