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Top Insider Trades 9/7/12: LYB, FB, URRE, FRAN

|Includes:FB, FRAN, LyondellBasell Industries N.V. (LYB), URRE

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In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Friday, September 7, 2012 as ranked by dollar value.

Please note, however, that these are factual lists (with edits to remove some noise), not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

We should also point out that we are presently in a slow filing time for insiders because many companies still have their trading windows closed to their executives until their June quarter earnings are released.

But at, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email with any questions on our proprietary insider data, and how it is best analyzed.



Insider Purchases
Resource Capital Fund V BO Uranium Resources URRE JB* $24,999,212
Reynolds Barry D DIR ServiceSource Intl SREV B $3,500,858
Global Polytechnic Education BO Hq Global Education HQGE JB* $2,787,520
Davis Neill P PR,DIR Francescas FRAN B $709,250
Bystedt Per Ivar Gosta DIR,BO Neonode NEON B $660,000
Morley Robert DIR Ring Energy RNGE JB* $450,000
Jueckstock Rainer DIR Federal Mogul FDML B $201,445
Stone James O New Mountain Finance NMFC B $153,984
Kraft Robert K DIR Viacom VIAB JB* $124,892
Adamson Peter III DIR Mid Con Energy Partners MCEP B $110,500

Source: | Key to Insider Title and Trans Type Codes



Insider Sales
Apollo Management Gp BO Lyondellbasell Ind LYB JS* $821,275,008
Lsp Cal I BO Calpine CPN JS* $310,609,984
Moskovitz Dustin A BO Facebook FB S $108,422,640
Spo Advisory BO Lamar Advertising LAMR JS*,S $80,192,880
Shriram Kavitark Ram DIR Google GOOG AS $50,848,468
Luminus Energy Part Mast Fd BO Calpine CPN JS* $40,050,000
Essex Woodlands Hlth Vent Fd VII BO Endologix ELGX JS* $18,672,632
Discovery Equity Partners BO Official Payments OPAY S $7,133,151
Singh Rajinder P COO Bankunited BKU AS $6,975,007
Rose Edward W III DIR Drew Industries DW S $6,924,465

Source: | Key to Insider Title and Trans Type Codes