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Top Insider Trades: Bill Gates Continues Raking in the Trash


EMC buys back nearly $11 million worth of VMware stock.

In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of your fellow professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Monday, November 19, 2012 as ranked by dollar value.

Please note, however, that these are 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.

Cascade Investments, the investment firm that manages the majority of Bill Gates' fortune, picked up some more Republic Services (NYSE:RSG) stock, according to the SEC. Cascade made an open market buy of $61.2 million worth of stock in the non-hazardous waste company.

EMC (NYSE:EMC) picked up nearly $11 million worth of VMware (NYSE:VMW) stock in an open market buy. EMC is the parent and majority owner of the virtualization and cloud computing company already. In October, EMC bought back $42 million worth of VMware; with the most recent purchase, the company has bought back $38.4 million so far in November.

At, 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.

Source: | Key to Insider Title and Trans Type Codes

Source: | Key to Insider Title and Trans Type Codes

Editor's note: Jonathan Moreland is the founder of Insider Insights and author of "Profit From Legal Insider Trading."
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