Insiders Trading APD, MSFT, MCEP

By Jonathan Moreland, founder of Insider Insights and author of Profit From Legal Insider Trading.

NEW YORK ( TheStreet) -- It is a victory for common sense. Tracking the trading behavior of company executives, directors and large shareholders in the stocks of firms they're registered in as "insiders" has proven to be profitable, according to 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 Wednesday, Oct. 24, 2012 as ranked by dollar value. Please note, however, that these are only factual lists, 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.

At InsiderInsights.com, 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 Top Insider Trades columns 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 contact us with any questions on our proprietary insider data, and how it is best analyzed.
Entegris (ENTG) GMT Capital BO 398,800 3,172,403
Air Products (APD) Smith Lawrence DIR 5,000 386,782
Ascent Capital (ASCMA) Malone John BO 5,000 286,630
Astoria Financial (AF) Corrado John DIR 25,000 249,110
Sonus Networks (SONS) Empire Capital BO 106,018 192,595
Opko Health (OPK) Frost Phillip CEO,CB,BO 25,000 111,540
Cypress Semi (CY) Sherman Donald DIR 10,000 96,792
Forum National (FMNL) Barrett Michael DIR 49,000 78,250
First Opportunity Fund (FOFI) Adams Nicholas FO 8,800 69,432
Healthwarehouse.Com (HEWA) Cape Bear BO 11,111 50,000
Source: Insider Insights
Microsoft (MSFT) Gates William DIR 4,500,000 126,076,048
Mid Con (MCEP) Leidel Peter DIR 3,600,000 73,260,000
Danaher (DHR) Culp Lawrence PR,CEO,DIR 267,128 14,144,540
Home Banc (HOMB) Allison John DIR 200,000 6,870,000
Forest City (FCEA) Shafran Joan BO 271,500 4,406,445
Costco (COST) Libenson Richard DIR 19,667 1,864,980
Fleetcor (FLT) Schmit William PR 34,405 1,607,044
Linkedin (LNKD) Gamson Michael VP 10,000 1,068,267
MetroPCS (PCS) Ta Assoc O 95,000 1,047,071
Stryker (SYK) Stryker Ronda DIR 18,000 937,861
Source: Insider Insights

Key to Titles: A=Assistant, AI=Affiliated Investor, AO=Accounting Officer, BD=Business Development, BO=Beneficial Owner, CAO=Chief Accounting Officer, CB=Chairman, CCO=Chief Compliance Officer, CEO=Chief Executive Officer, CFO=Chief Financial Officer, CIO=Chief Information Officer, CO=Compliance Officer, COO=Chief Operating Officer, CT=Controller, CTO=Chief Technology Officer, DIR=Director, EVP=Executive Vice President, F=Founder, FO=Financial Officer, GC=General Counsel, HR=Human Resources, IO=Information Officer, IR=Investor Relations, LO=Legal Officer, MD=Managing Director, O=Officer, OO=Operating Officer, PR=President, PT=Partner, REL=Relative of an insider, SEC=Secretary, SH=Shareholder, SO=Sales Officer, TO=Technology Officer, TR=Treasurer, TT=Trustee, VCB=Vice Chairman, VP=Vice President, X=Ex Officer or other title displayed.
Jonathan Moreland is the founder of InsiderInsights.com, which produces a weekly newsletter and offers professional screening and alerting tools to analyze a proprietary, real-time insider data feed. He is also the principal of Insider Asset Management, a registered investment advisor in New York. Mr. Moreland has been analyzing insider data professionally for two decades and has been a contributor to TheStreet.com since 2001. A fundamental analyst with an MBA in finance, Mr. Moreland long ago identified insider data as an excellent first screen to determine where to focus his research efforts. He is quoted frequently in the media for his insider analysis and stock recommendations stemming from it. He is also author of Profit From Legal Insider Trading.

Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. While he cannot provide investment advice or recommendations, Moreland appreciates your feedback; click here to send him an email.

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