IndyMac is worthless, yet insiders loaded up plenty

indymac-bank-worth-nothing.JPG

IndyMac directors and other insiders bought huge number of shares since February, paying as high as $8 per share, which today trades under 40 cents, and according to some is worthless. The moral is never think that insiders knows what is happening inside, unless they were simply smoking something.

Tue Jul 8, 2008 12:07PM | Copyright: www.bad-credit-advisor.com | More in Stocks | Comments (0)

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