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Top Insider Trades 10/8/13: AMIC, ISCA, ACCL, GGM

|Includes:ACCL, American Independence Corp. (AMIC), GGM, ISCA

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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 Tuesday, October 8, 2013 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
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Independence Hold BO American Ind AMIC JB* $7,626,400
Citadel Gp BO Cherry Hill Mort Inv CHMI B $3,497,799
Marubeni DIR,BO Aircastle AYR B $530,088
France James C CB,CEO,BO Intl Speedway ISCA JB* $233,718
Kennedy Lesa D PR,VCB,BO Intl Speedway ISCA JB* $233,718
RGM Capital BO Accelrys ACCL B $200,292
Barnes Randall C TT,DIR Gughm Cr Al Fd GGM B $175,225
Flanagan Thomas K TT SH Em Mkts Inc Fd EDI B $87,750
Honig Barry C DIR,BO Pershing Gold PGLC B $72,820
Ao Partners I DIR,BO Air T AIRT B $59,783

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Brown Williamson BO Reynolds Amer RAI S $6,305,289
Citadel Gp BO Cherry Hill Mort Inv CHMI S $2,517,256
Dolby Dagmar BO Dolby Laboratories DLB AS $2,450,000
Moore J Stuart DIR Sapient SAPE AS $1,554,000
Schottenstein Jay CB,DIR,BO DSW DSW S $1,549,131
Stryker Ronda E DIR Stryker SYK AS $948,333
Miau Matthew DIR Synnex SNX S $858,179
Marxe & Greenhse BO Pfsweb PFSW S $555,462
Flint Peter CEO,DIR Trulia TRLA AS $481,686
Hurt Brett A DIR Bazaarvoice BV AS $468,278

Source: | Key to Insider Title and Trans Type Code