Saturday, June 30, 2007

This Weeks Insider Buys

Here are the largest insiders buys for the past week. As Peter Lynch once said "There are multiple reasons insiders sell shares but there is only one reason they buy, they think the stock price is going up".

Company and aggregate dollar amount of insider purchases:

1- Biofuel Energy (BIOF) = $45,000,000

2- Franklin Bankcorp (FBTX) = $4,000,000

3- Chesapeake Energy Corp (CHK) =$3,500,000

4- Micromet Inc (MITI) =$2,400,000

5- Occulogix Inc. (OCCX) =$2,000,000


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