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5 Stocks With Recent Intensive Insider Buying
I have been keeping a close eye on this since the acquisition of Mercado Magico recently. If any of you been watching their twitter feed it seems the launch is very close! With insiders recently scooping up millions of shares (check insider corporate transactions) this is a strong indicator something big is about to roll out. This is a former NASDAQ stock, only 64 M+ O/S and the VP owns approx 47 M+ shares, leaving a very thin float giving this the opportunity to surge back to dollar land fast. Mercado Magico is an eCommerce platform that will initially target the U.S. market with a special focus on the fast growing Hispanic and Latino community. Basically, It's an Amazon replica in my opinion going after a huge demographic that is globally under served. Hispanic internet usage was 32.2 million in 2011 and estimated to hit 42.1 million by 2015. Keep your eye on this one! Good luck.
Dec 10, 2012. 12:54 AM
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