Sunday, January 25, 2009

Insider purchases of stock

Bob Steel of Wachovia bought 1,000,000 shares of Wachovia at $16.24 on July 22.
Vikram Pandit of Citigroup bought 750,000 shares at $9.25 on November 13.
Jeffrey Immelt of GE bought 50,000 shares at $16.44 on November 13.

Jamie Dimon bought $11 million worth of JPM stock last week.

Insider purchases of stock is just grandstanding.

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