The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
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Insider Monkey) --
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Most insiders don't break the law, but some insiders push the envelope and trade on information that are in the gray area. Other insiders are great analysts and they know when to trade by using public information, which is perfectly legal. So it may be possible to beat the market by imitating all insiders' purchases. However, insider trading is generally not a profitable strategy unless several insiders are purchasing at around the same time. Academic studies have shown that
The last time we wrote about the stocks that insiders are buying like crazy the following stocks made the list:1. TranSwitch Corp (TXCC): This stock lost 18.4% of its value since we wrote our article. The S&P 500 index lost only 3.1% since then. 2. Town Sports (CLUB): CLUB gained 25.2% since Apr 24. We reported
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