Insider Buying: "Eating Their Own Cooking" Portfolio - Stockpickr! Your Source for Stock Ideas

Insider Buying: "Eating Their Own Cooking"

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Created by Barrons

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Date updated:02-24-2007

From 2-26-07 Barron's:

"Robert LaPenta, founder, chairman and CEO of L-1 Identity Solutions, has put his finger on some solid upside in the biometric-security provider. But the company has had mixed news lately. Hence, many analysts are cautious on L-1.

"However, on Feb. 15 and 16, LaPenta plunked down $3 million to purchase 200,000 shares on the open market at $15.02 to $15.04 apiece, according to the Securities and Exchange Commission. He boosted his direct holdings to nearly 769,000 shares, but he beneficially controls a total of 9.95 million shares, or a 13.8% stake, through a limited partnership. There were 72.2 million outstanding shares as of Nov. 8."

Here are some other companies as well with significant insider buying of late.

TRN
Trinity Ind
$15.25
-1.04%
$15.37

Insider: Tontine Capital Partners Position: 10% owner Bought 1,052,300 at $43.19 per share.

People owning TRN also tend to own: AHM AIZ ALB AMP AVT AXCA BBI

TheStreet.com Rating: C- What is this?

CTO
Cons Tomoka Land
$30.15
-3.83%
$31.30

Insider: Wintergreen Advisers Position: 10% owner Bought 27,364 at $79.76 per share.

People owning CTO also tend to own: FUR GEHL GETI MBRX PTEK PWEI TELK

TheStreet.com Rating: C- What is this?

WFT
Weatherford Intl
$14.97
-1.32%
$15.34

Insider: Robert B. Millard Position: Director Bought 25,000 at $39.54 per share.

People owning WFT also tend to own: DENN RI RIG VLO CHU ESRX MO

TheStreet.com Rating: C What is this?

GHDX
Genomic Health
$16.94
0.00%
$N/A

Insider: Julian Baker / Baker Bros. Position: Director Bought 36,200 at $18.54 per share.

People owning GHDX also tend to own: ACLI APOL AUY BABY BBBY BDAY BRKA

TheStreet.com Rating: D What is this?

ADNW.PK
Auto Data Network
$0.0018
0.00%
$N/A

Insider: Wynnefield Capital Mgmt Position: 10% owner Bought 1,060,956 at $0.46 per share.

People owning ADNW.PK also tend to own: BHLB CTO GHDX JAZ MNCP.PK PWEI ROX

TheStreet.com Rating: No Rating What is this?

PWEI
Pwei
$0.00
N/A
$N/A

Insider: Pirate Capital Position: Director Bought 13,000 at $33.22 per share.

People owning PWEI also tend to own: ADSX CAO CLCT CMOS IASG ISCA PBY

TheStreet.com Rating: No Rating What is this?

ROX
Castle Brands Inc
$0.2601
0.00%
$N/A

Insider: Frost Phillip Position: Director Bought 75,400 at $5.19 per share.

People owning ROX also tend to own: ACTI ACW AVGN AVZA BMJ BPA BSM

TheStreet.com Rating: D- What is this?

WAL
Western Alnc Banc
$4.46
+0.90%
$4.42

Insider: Paul L. Baker Position: Director Bought 10,000 at $34.37 per share.

People owning WAL also tend to own: LMT SHLD AAPL INTC CNTY HAL JOE

TheStreet.com Rating: D What is this?

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Q. Please give us some insight on t...

02.09.10 | 17:15 PM Asked by Larry in Dallas

A. While I am sure there are various
reasons for a sell off of any particular
stock, there are two things worth
mentioning:

1. Day traders: One of the rules common
to day trading is to be all cash at the
end of the day. As a result, many day
traders cash out of their trading
positions toward the end of the day so
they are ready to go back to the battle
the following morning.

2. I do not know that this would be the
last 30 minutes, but margin calls could
potentially cause some selling if it is
needed to make up any shortage in the
margin (in other words, if you are
required to hold 15% and you could
borrow 85% the value of a security, and
the stock price change during the day
made it to where you were borrowing 90%,
then some shares would need to be sold
to make up the difference).

I hope that helps... I am sure others
can shed far more light than I.

William