These Insiders Are Buying During This Selloff

Atlas America (ATLS) 10% Owner Cobalt Capital Mgmt bought 61,442 shares @ $27.47.

Calpine (CPN) 10% Owner Luminus Energy Partners bought 944,275 shares @ $10.38; 10% Owner SPO Advisory bought 3,156,400 shares @ $11.19 and $11.70.

Magma Design Automation (LAVA) Chairman bought 182,232 shares @ $3.40.

Resources Connection (RECN) CEO bought 10,790 shares @ $18.53.

Titanium Metals (TIE) Chairman bought 100K shares @ $7.67.

Western Gas Partners LP (WES) Director bought 40K shares @ $11.93.

Wynn Resorts (WYNN) Director bought 10K shares @ $72.47.

AES (AES) Director bought 10K shares @ $10.60.

Valence Technology (VLNC) Chairman bought 1,402,743 shares @ $3.21.

Comments

[Grandpa Grady:]

How about TMR?

2008 Oct 07 06:14 PM

[Timothy Stolz:]

Be sure to add LEI & TEC to the list and of note that LEI had a nice "run up" yesterday.

2008 Oct 08 08:01 AM

[NOWHEREMAN:]

ACFN, 50% of market price is cash, insiders buying.

2008 Oct 08 09:24 AM

[Richard Col...:]

The biggest problem with the market is the advisors who make their living by giving bad advice. When the market is up they say buy and when its down they scream sell. Look at Morgan Stanley who throws out sell recommendations on everything and their stock is one of the worse. The best advice is tell the investors to accumulate good companies at these low prices, Look at Cramer who is nothing more than an actor who couldn't make Hollywood.
Buy Low and Sell High and don't worry about when the market will turn around. I think it will turn around after the election. My hunch is that the Democrats who want to keep the economy down until after the election and the Muslims who want Obama elected are also selling. Of course this is only a hunch.

2008 Oct 08 10:40 AM

[frflyer:]

User218405

Your answer is absurd. Here is the truth. Reaganomics doesn't work. It hasn't worked for 80% of Americans for the past 25 years or more. Deregulating everything under the sun doesn't work. After the savings and loan debacle, the housing debacle and the banking and Wall St debacle, that much is clear. Don't forget that we still
basically had Reaganomics under Clinton, even though he did produce a surplus.

According to a study by the Pew Foundation, between 1983 and 2004 the top 20% in income got 89% of the economic growth. The top 1% got 33% and the next 4% got over 25% of the growth. The other 80% of us collectively got only 11% of the growth. Baby boomers make 12% less than their fathers made in real buying power. We now have the worst distribution of wealth in the industrialized world, with the exceptions of Mexico and Russia, and the worst since 1929. All because of Reaganomics. All of the $10 trillion or so of federal deficit came under the last three Republican presidents.
Blaming the democrats is totally dishonest.

2008 Oct 08 12:50 PM

[john s. gordon:]

clinton did not produce a surplus, the capital gains on dotcom stocks before the bubble popped produced the surplus, a one time event.
> jack

2008 Oct 08 04:23 PM

[NOWHEREMAN:]

The Surplus would have occurred again if the Iraq war and all of the Pork attached to its continuance hadn't taken place so what.

But thats just a Budget Surplus figured by those who do not include Off Budget deficits or Trade imbalances or Borrowing from Social Security to Fund whatever.

The Frannie failure lies totally in the Democratic Camp. Get used to the truth before throwing stones in glass houses.

2008 Oct 08 05:33 PM

[Jeff from PA:]

Reagan and the Republicans since deregulated Health Care, Banking, and broke many unions. After all, Reagan called medicare evil and said it would lead us to socialism. What are some of the biggest problems right now? Banking and Health Care. My parents salary has decreased, their health care has decreased drastically because of Reagan weakening unions. Reagan's trickle-down economics was great for those on top, but it also created one of the biggest gaps between the rich and poor in modern history.

Besides, that whole taking down the Soviet Union thing - how did he do that? He used Bin Laden and other forces to bankrupt them. Now Bin laden states that his biggest goal is to bankrupt the United states by trapping us in wars - and what have we done? Fallen right into his hands.. We are bankrupting ourselves spending 10 billion a month in Iraq and more money in Afghanistan, not to mention the trillions it will cost to take care of the injured troops for the rest of their lives...

One of the best things we could do is get out of the wars! Not to mention getting our 178 military bases around the world out of other countries!

2008 Oct 10 09:51 AM