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IBDvalueinvestin (98.50)

Massive Insider buying - Bank stocks could Spike again Thursday



January 21, 2009 – Comments (2)

$11,464,600 buy by JPM ceo just reported after the close today:


and more major insider buying at BAC which was reported at 2:47pm today


Other stocks ripe for insider buying: PNC, STT, HBHC,


2 Comments – Post Your Own

#1) On January 21, 2009 at 5:54 PM, awallejr (51.71) wrote:

I wouldn't hold much value into the insider BAC purchases since they are buying them at almost "bankrupt" lows. And while Ken Lewis may have bought about a million dollars worth of stock, it was with the obscene bonus money he took from the company while destroying the company with excessive expansion and lack of prudent internal analysis.  I'm sure those shareholders who bought the stock back in the 50s, 40s, 30s, 20s and teens "feel" better now.

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#2) On January 21, 2009 at 6:19 PM, Ph1sh55 (28.80) wrote:

If you are a big player and want to unload your position, widely publicize your new buy :)  Market runs it up, then whammo the ol'e fork in the eye.

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