Westport Innovations (WPRT) Insider Buying!!!

Westport Innovations is back on the radar! I just got done performing my daily research of my current holdings and I came across some information that must always be shared.  That's right!  Insider buying. 

I'm surprised I didn't catch this over the weekend, but Kevin Douglas one of the largest shareholders purchased 500,000 shares or $22.3 million worth of stock.  That is by far one of the largest insider purchases I have ever seen.  The last time Kevin Douglas purchased stock was back on 07/16/2010 at much lower prices.  Obviously, this guy made a ton of money since then!  This recent purchase shows tremendous confidence in WPRT!  $22.3 million worth of confidence.  That's a lot of money to put on the line no matter who you are.  Although, the stock has run up almost 10% since the buy, this purchase adds to the positive outlook for WPRT in 2012.

Money has been pouring into this company like crazy!  Since the beginning of the year this stock has run up +46.54%  All I can say is cha ching... $$$

Have a great night!  Below is an update of my Monster Portfolio as of Friday 03/16/12

MONSTER PORTFOLIO 2011

Balance: Inception 01/07/11
$1,977.32 Stock
$13.65 Cash
Total $1,990.97

Balance: As of Friday 03/16/12

$2,988.66 Stock
$8.96 Cash
Total $2,997.62

Since Inception: 20.15%

Back out cash inflow and we have a balance of $2,392.12

Clay-

Full Disclosure

Current Holdings:

Cosi Inc. (COSI)-Monster Portfolio
Caterpillar (CAT)
Procter & Gamble (PG)
Westport Innovations (WPRT)
Weatherford International (WFT)-Monster Portfolio
Kinder Morgan Energy Partners (KMP)

Insider Buying In Weatherford International

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