Friday, December 16, 2011

Insider Buying

It has been 4 days since I started this experience of trying to double $10k in the stock market in less than one year. Well, I have to pinch myself because the account is up 24%. Today GEOY is up over 7% because it was reported that an insider (Feinberg) bought more than 420,000 shares, which at today's closing price is about $9.7m. Thats alot of moolah! The assumption in the market is that he must know something we don't, you don't bet nearly 10 million dollars on the roll of the dice. Should be interesting to see what happens.

Start date: 12/12/2011
Starting Account Balance: $10k
Current Account Balance: $12,400 
Gain: 24%

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