Meanwhile we can try to find some stocks among insider buyings.....this one unfortunately has low average volume
API Nanotronics Corporation (APIA), which designs and manufactures high-technology products, saw a strong open market insider purchase by Chairman and Director Phillip Dezwirek for $194,500 on September 25, 2009. At prices ranging from $1.10-1.14 per share, the transaction represents a 7% increase in the director’s holdings.
The purchase comes ahead of API Nanotronics’ upcoming annual meeting in Toronto, Canada on October 22, 2009. During the year ended May 31, 2009, the company’s revenues dropped from $30.9 million to $25.7 million, but it managed to narrow its net loss to $6.4 million from $6.5 million thanks for a more favorable currency exchange and interest income.
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