Seeking Alpha
View as an RSS Feed


View InsiderInsights' Comments BY TICKER:

Latest  |  Highest rated
  • Daily Round Up 11/16/15: APC, SHAK, CAPL, BSM [View article]
    HI Scooter.

    Just click the hyperlinked company name in the tables to get the full insider history. For APC, it's:;a=

    Jonathan Moreland
    Dir of Research
    Nov 18, 2015. 07:54 AM | 1 Like Like |Link to Comment
  • Daily Round Up 8/28/15: PSX, S, SLB, DSW [View article]
    Hi CaliforniaG.

    The deadline for filing a form 4 is 2 business days after the trade. Late filings do occur, of course, but they are a minority, and we do not include them on these tables over two weeks old.

    If you're interested, read more at this faq on InsiderInsights:

    Jonathan Moreland
    Dir. of Research
    Aug 30, 2015. 08:23 AM | Likes Like |Link to Comment
  • Daily Round Up 8/19/15: FCX, BAS, XRM, PDVW [View article]
    Hi Tony.

    Thanks for taking the time to comment. Are you commenting on any particular Rating in particular in this article? Happy to discuss any specifics behind why our InsiderBot auto-ratings system reached the conclusion it did. Our program takes into account what you mentioned...and a whoooole lot more.

    Jonathan Moreland
    Dir of Research
    Aug 20, 2015. 10:50 PM | Likes Like |Link to Comment
  • Daily Round Up 7/21/15: Scripps Networks Interactive, Vermillion, TrovaGene, MFS Intermarket Income Trust I [View article]
    Hi Shine.

    Agreed. Monthly screens can aggregate smaller persistent trades to give a better perspective on an company's insider profile. Alas, we still conclude that STFC's string of buys is "Insignificantly Bullish" based on the fact that it is the company buying its own shares (for reasons not disclosed in the footnotes), and very minor amounts at that in relation to what the total holdings of the buyer are. We just don't see any sense that there is "value" call in the STFC activity. That's our 2 cents.

    Also for what it's worth, we do have monthly Special Screens that we publish each month in our Newsletter that combines all the insider activity from the calendar month just past, with fundamental, price action and other metrics. The titles of those screens are:
    CEO & CFO Buying & Bullish Rating
    Low Price/Cash & Bullish Rating
    Short Int High & Bullish Rating
    High Indicated Yield & Bullish Rating
    Low Price/Tan Book & Bullish Rating
    Microcap Stocks with Bullish Rating
    Opting In with Bullish Rating
    Price Momentum & Bullish Rating
    Short Int High & Bearish Rating
    Negative FCF & Bearish Rating

    We give a way slightly older versions for free on the site as one of our Free Insider Products. Perhaps we should republish some of them throughout the month on SA as well. Hmmm.
    Jul 23, 2015. 11:22 AM | 1 Like Like |Link to Comment
  • Daily Round Up 7/13/15: Lawson Products, Atlas Energy, TetraLogic Pharmaceuticals, Santa Fe Financial [View article]
    Sounds like we agree.
    Jul 15, 2015. 12:20 PM | Likes Like |Link to Comment
  • Daily Round Up 6/26/15: ASYS, NHF, RTNB, SGA [View article]
    Hi 33.

    I think I get where you're coming from. It seems you are used to relying on dollar values as the primary indicator of significance. For us, $ val is only one metric we analyze and synthesize into our InsiderInsights Company Ratings.

    Reasonable minds may differ on methodologies. I'll only relay that in my over 25 years analyzing this data, dollar value has proven misleading as a primary indicator at least as often as not. That's why I've developed our larger approach, which looks at numerous inputs, including behavioral aspects of a trade. Behavioral metrics also show that significance is more likely when and "unusual" trade occurs vs a "highly usual" one, to use your term. For instance, insiders selling into strength, not matter the dollar value, is overwhelmingly insignificant--especially when the Insider Statistics we generate for each insider show that their past sales have not been predictive of future share weakness.

    We go into a bit more explanation of our Ratings at: That page also has a link to an independent white paper that validated our system as generating alpha.

    As always, just my $0.02.

    Jonathan Moreland
    Dir of Research
    Jul 2, 2015. 09:32 AM | 1 Like Like |Link to Comment
  • Daily Round Up 6/26/15: ASYS, NHF, RTNB, SGA [View article]
    Trying to understand the comment. Are you saying that you believe the purchases are obviously NOT significant?
    Jun 29, 2015. 05:56 PM | 1 Like Like |Link to Comment
  • Daily Round Up 5/27/15: CLF, PN, TWMC, KTOS [View article]
    Not on the same day's tables, but click the Company Name hyperlink in the table for Valeant Pharm Intl. You'll see the conflict.

    Admittedly it's an odd one though. The same insider both flipping options completely, but also exercising some and keeping them.

    Jonathan Moreland
    Dir of Research
    May 28, 2015. 11:47 PM | 1 Like Like |Link to Comment
  • OvaScience Insiders Egging On Their Stock [View article]
    Yikes, you're right! Let me see if I can fix and resubmit.

    Thanks for your eyes.

    Jonathan Moreland
    Dir. of Research
    Apr 26, 2015. 06:48 PM | Likes Like |Link to Comment
  • Daily Round Up 4/17/15: YELP, OPK, BH, AGCO [View article]
    ...and thank you for reminding me that we really should beef up our FAQ and other resources. We've been so hyper focused on developing product over the years that our explanations have fallen behind. Perhaps I should cull some of our discussion for our website.

    Jonathan Moreland
    Dir. of Research
    Apr 23, 2015. 09:08 AM | Likes Like |Link to Comment
  • Daily Round Up 4/17/15: YELP, OPK, BH, AGCO [View article]
    Hi Pico.

    As much as we would like to bang the drum about how useful our proprietary Insider Statistics and Company Ratings are, it would be dangerous to assume that past performance of the insider will equate with future returns for their stock. Projecting a stock's upside using our historical Insider Statistics is both logically and mathematically incorrect.

    What we do is to incorporate the factual Statistics data into our InsiderBot (automated ranking expert system) along with many other factors to produce a Significance Rating. We then use our Rating to determine if a stock is worth our time to analyze fundamentally. Using fundamentals, technicals and other methods are what are necessary to produce a model predicting future returns.

    There is no short cut to incorporating insider data into your prudent investment process. Any service that tells you there is, is selling snake oil--no matter how many and how professional their charts look.

    We've spend decades and much R&D expense to develop the best programs, tools and metrics we know of to use insider data in the investment process. We incorporate aspects of behavioral analysis as well as the cold hard numbers. But in the end, we only invest if a stock also meets other fundamental and technical criteria.

    In effect, we do not invest in a stock because the insider does. We invest in it because we like its fundamental prospects. Yes, we would never have found the stock if not for our insider Statistics, tools and Ratings--which represent the best dang first screen we know of to put the odds of being profitable in your favor. But insider data is a means, not an end.

    ..and that's coming from a long-time "insider guy".

    Jonathan Moreland
    Dir. of Research
    Apr 22, 2015. 11:48 AM | Likes Like |Link to Comment
  • Daily Round Up 4/17/15: YELP, OPK, BH, AGCO [View article]
    Thanks for the comments and input Pico. We're trying to get investors to expect more from insider data, while also working like heck to improve our own procedures for analyzing it. It's a labor of love, and a work in progress. If you ever think we've missed something, please let us know.

    Apr 21, 2015. 10:40 PM | Likes Like |Link to Comment
  • Daily Round Up 4/17/15: YELP, OPK, BH, AGCO [View article]
    Very astute of you to think RPC is worth considering even though its Insider Company rating is merely "Conflicted". Insiders selling after a stock has traded up over 30% in a year is boringly normal, and insignificant. The fact that an insider is also adding to his position after that yearly gain (and corresponding with a short-term pullback) is not normal, and therefore bullish. Also, as I suggest in the above comment, click the "Ryman Hospitality" company link in the table and see the insider's predictive "Insider Statistics".

    We've run back tests on using "Conflicted" and other non-Significant Insider Company Ratings in conjunction with various price action scenarios. There are definitely profitable combos over and above simply looking at blatantly "Significant" insider signals. It's all comes down to behavioral analysis.

    So much of the free insider stuff on the Internet focuses too much on the dollar values of transactions. Drives us nuts over here since it really cheapens the "Insider Approach". I think all the meaningless "dollar value" articles are a big reason why insider data is so underutilized by individual investors. When the stocks in those too-simplistic articles don't pan out, investors dismiss the data as worthwhile to follow.

    We are hardly always right. But putting more time into insider analysis has consistently allowed us to have more winners than losers, and winners that go up more than our losers go down. And that's what investing is about as far as I'm concerned.

    Just my $0.02.

    Jonathan Moreland
    Dir. of Research
    Apr 21, 2015. 11:09 AM | Likes Like |Link to Comment
  • Daily Round Up 4/17/15: YELP, OPK, BH, AGCO [View article]
    Yes, any one of Dr. Frost's purchases is so small compared to his net worth and current holdings that it seems like meaningless window dressing. But the facts are the facts.

    I'm not sure if you're aware, but you can click the "Opko Health" company link in the table to see our Free Insider History for OPK. The "Insider Statistics" at the left of the history say it all. He has a very large sample size of purchases that have aged over a year, and his "Hit Rate" and "Mean Return" show that his trades are irrefutably predictive.

    Also, See that number "17" in the history's Insider Statistics? That's hyperlinked too, and indicates that he has 17 Scorecards in our system. Click that to see just how consistently profitable he has been with his trades over multiple stocks and multiple time frames.

    Our InsiderBot ingests all these stats on the fly (among many other factors) to generate the Insider Company Rating that we then relay in our Daily Round Up articles. It takes a lot of work to make it all look so simple!

    Jonathan Moreland
    Dir. of Research
    Apr 21, 2015. 10:47 AM | Likes Like |Link to Comment
  • Daily Round Up 4/17/15: YELP, OPK, BH, AGCO [View article]
    Agreed, this is an interesting one. We have not added AGCO to our Newsletter's official Recommended List because of my objections with the lower expected revs. But the stock is in a client account as a trade based on the "Significant" insider company rating coming in confluence with the stock's bullish looking technical state. That combination of metrics has proven profitable to act on in the past.

    Just my $0.02.

    Jonathan Moreland
    Dir. of Research
    Apr 21, 2015. 10:36 AM | Likes Like |Link to Comment