Antigenics: Insider Buying Alert

I got word of two insider buys at Antigenics (AGEN) totaling 10,000 shares by a director:

• STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

The last time I wrote of an insider buy of AGEN was Sept. 2007 where the CEO bought 50,000 shares at an average price of $1.93. [See Insider Buying at AGEN by Chairman and CEO Garo H. Armen.] About 6 months later, the stock peaked at $3.90.

I added to my position on Friday's news with the hope of selling into a similar advance.

Details:

Director = Classification of Insider
JOHN HATSOPOULOS = Name
$17k = Value of I-Buy trade(s)
10k = Number of Shares
$1.71 = Average Price Paid
$1.68 = Recent Stock Price (delayed)
155k = Average Daily Volume (composite time frame)
$111M = Company Market Capitalization
2008-09-03 = Purchase Date
2008-09-05 = Filing Date

Key Info

0.89 = Beta
7.60% = Short Interest
15.9 = Short Ratio (days)
12-Aug-08 = Date of Above Short Information

Disclaimer:

I personally own AGEN as a long term investment and trade its volatility for added return. I also cover AGEN in "Kirk Lindstrom's Investment Newsletter." For my specific buy and sell targets, you need to Subscribe to Kirk's Investment Newsletter.

Warning:

AGEN is a very high risk stock because it has no profits and revenue is only 6 cents a share for a price-to-sales ratio of a whopping 29!

Comments

[Jakester:]

This is a fairly pathetic dollar value of insider buying, no?

2008 Sep 07 12:30 PM

[Kirk Lindstrom:]

Well, I'd love to see more insider buying for sure, but it is a tiny market cap ($111M) so you won't expect to see $5M buys like we get at GE without the buy moving the stock up significantly.

"GE: General Electric's CEO Immelt Invests Another $5 Million Of His Own Money In GE Stock"
kirklindstrom.blogspot...

I'm not recommending this as a long term, major buy... but I like to tag along when insiders are buying if possible.

Check out the insider buying vs selling here:
www.secform4.com/insid...

Compare that with Cisco
www.secform4.com/insid...
a stock I won't own since insiders have no confidence in it...

2008 Sep 08 10:24 AM

[CrossProfit:]

This is NOT a good sign. If there was going to be a sale of the company, insiders wouldn't be trading at all. A 10K buy/sell is nothing as they are issued about the same for zero.

This means that any possible sale of the company is 60 days off.

CrossProfit
www.crossprofit.com

2008 Sep 09 05:48 AM