U.S Fuel Corp. (fka USFF)

[MidtownMan]

CEO of public companies are responsible and bound to answer to share holders and are required to file with the SEC when selling shares, but it is also reported when they purchase shares in the company. Since he is buying on the open market at market price there is nothing illegal about what he said. This was the case this week when Bank of America CEO Moynihan held a conference call with hedge fund managers and stock holders to discuss the companies financial position after the selloff last week. This is done to calm investors nerves about what is happening with the company in the markets and to allow stockholders the opportunity to ask questions.

When "Insiders" (officers of the company or any individual owning 10% or more of the outstanding stock)makes purchases on the open market it is an indicator that should always be watched. Most often times it is because they feel that the stock has room to grow, not to be confused with "Trading on Inside Information". So to sum it up whenever an insider buys shares it normally indicates and strong projection of what the company will be doing moving forward.

Now form your own opinion but I like when I see company officers putting their money where their mouth is, Hence the term "Follow the Money". I hope this brings some clarity to those that don't understand or make full sense of it.