Insiders Buy the Pullback With a Penchant for Energy; 14 Companies the Smart Insiders Favor the Most
The Insiders Corner
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By Michael Brush
Exclusively at Investorideas.com for Members only
March 5, 2009 Edition
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Insiders Buy the Pullback With a Penchant for Energy; 14 Companies the Smart Insiders Favor the Most, posted March 5, 2009

They’re back! In a repeat of what happened the last time stocks took a trip down to these levels in November, insiders have decisively ramped up their buying.

This insider buying redux suggests three things.

The market is at least a trading buy here for decent gains over the next days or weeks.
The current range for stocks could mark the low for the bear market. Insiders stepped up big time the last time the market reached these levels – and they are doing so now again on the retest.
The stocks insiders favor in this pullback could be good for a 15%-20% rebound in short order. I say that because that’s what happened to many of the stocks we highlighted here the last time insiders stepped up to the plate big time, in November and December.

One positive aspect to the buying on this pullback is that it is nearly across the board -- in everything from financials like Citigroup (C), to retailers like Deckers Outdoor (DECK) and Coach (COH) as well as the biotech company ViroPharma (VPHM), the recruiting company On Assignment (ASGN) and beaten down big cap classics like General Electric (GE).

But one of the strongest sectors for insider buying now is energy.

Read the full article and find out what energy stocks Michael Brush is talking about:

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