Monday, November 28, 2011

Insider buying a good sign

  There’s an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 22, Geron Corp.’s Director, Thomas Kiley, invested $100,269.00 into 64,275 shares of GERN, for a cost per share of $1.56. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

Good luck in this rigged casino,
 
 

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