EAG - $0.77 - I guess the Insiders know something we don't.
As one artice puts it;
If insiders are buying stock, shouldn´t you be buying?
If insiders are buying shares in their own companies, they usually know something that normal investors do not. They buy because they see a merger, acquisition or great earnings ahead or simply because they think their stock is undervalued.
Peter Lynch, the former manager of the Magellan Fund, has noted that insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise. That is why I really believe that following the insiders path can lead you to enormous profits in the stock market.
TxTrapper
