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jacobnbr1,
If you don't mind me asking, what stocks do you usually trade? Do you have a select group of stocks you prefer? Or do you go where the action is?
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Well i normally keep an eye on the form 4
sec filings daily, then when i find one that meets my criteria i will focus on the company to determine if the insider buys are " SMOKE AND MIRRIORS" or legit.
If the company seems to have a good fundamental background i will chart the last 6 month and then three months and then find a good buy point and start with a small position and add on pull backs etc.
One stock i will toss out as an example is TAG as being a earnings play turn-around. Massive insider buying on the direct markets..
MFLX is a stock that has smoke and mirrors, as insider buying is listed but not on the direct open markets. These buys that are going on are what appears to be a ira, trust, or some kind of individuals retirement plan.
Which would reflect nothing on price action in the near future.
chris