Looks like Weatherford International (WFT) had a little insider transaction last week. CEO Bernard Duroc-Danner purchased 10,000 shares of WFT at $19.18. That's a stock purchase worth $191,800. Typically when insiders buy this is a good thing. Remember they want to make money to. I like to browse my stocks every few weeks for insider action. It's a good indicator for future strength in a stocks price. Not always, but typically you can put your faith in large purchases.
My take-its a good time to start accumulating some WFT. This stock has been knocked down and beaten beyond belief over the past 3 months and is currently out of favor. This is a perfect opportunity to make money! Can you say turn around company? I'm a proud owner of WFT and I suggest you do the same.
-Westport Innovations (WPRT) up 13.5% over the past few days! Not a bad run. If the volume continues to be strong I can see it moving higher. Its a run up right before they report earnings next week. My finger will be close to the trigger. Selling into strength is how you make money.
Clay-
Long-WFT and WPRT
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