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Top Insider Purchases: Legal and Extremely Profitable

1. Town Sports International Holdings Inc (CLUB): Insider purchases have been going on here for the past one-and-a -half months. This is one of the two stocks we added into our hypothetical portfolio in November. Since then the stock went up by 23%. Currently it trades around $3.71. One insider, Bruce Bruckmann, purchased nearly 27,000 shares at $3.65-$3.70 on Tuesday.

2. World Heart Corp (WHRT): AWM Investment Company has been buying this company. It's a very illiquid stock. We are staying away from this one.

3. Bank of America (BAC - Get Report): E. Donald Powell initially purchased 5,000 shares at the beginning of December at $11.30. Last Friday, he purchased another 5,000 shares at $12.79.

4. Scientific Games Corp (SGMS): Insiders seem to be done with their purchases. They paid as high as $9.75 for SGMS , and the stock trades at $9.42. Jim Cramer didn't recommend buying the stock last week in Mad Money. Nevertheless, we are sticking with the insiders here.

This article was originally published at Insider Monkey.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.
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BKH $59.88 -1.20%
BAC $14.40 -2.50%
CECO $5.26 -3.10%
CLUB $3.44 -0.29%
SGMS $9.76 -3.70%


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