Insider Purchases Highest in Four Years

I have always been intrigued by the investment action of corporate insiders, every since my first insider trading case over 20 years ago. Insiders do know more than the rest of us, and the correlation between their purchases and the price of their stock cannot be due solely to coincidence.

In any event, an interesting article in CNNMoney yesterday - insiders are buying their company's stock like mad.

Throughout the recent market turmoil, executives and directors of public companies have invested heavily in their own companies, according to a news report late Tuesday. Total insider buying in the United States reached $252 million in August, the highest level since 2003, according to the Financial Times. The month normally averages $186 million in such trades.

There is also a remarkable drop in insider sales.

Now if only someone would do the research and tell us which companies these insiders are buying......