The Inside Trader

[Julia]

Has anyone used The Inside Trader? If so, what do you think of it?

Julia

[sarahmeehan3]

I am using inside trader as part of my trading plan.
It is useful for me as 30% of my trades are based on directors buying and I find it handy for easy reference.
I do not use it to determine whether I buy or not as this is done via technical indicators and some fundamental indicators.
I think it gets back to your trading plan, and whether you will use it.
They have a two week trial and I suggest give it ago for free and see what you think.
Some things that are good for your trading plan today may not be good on a year or two.
I always review what I have and what I need to make me a better trader. I drop some, add some and keep some.
I believe that no matter what it costs to get information as long as it is going to make you money. That is my aim.
I have been using inside trader for about 6 months and will continue using it because it suits my current trading plan.

Another way of looking at inside trader on a light side is through Top Stocks as they have introduced a simple version of directors trades. I think they offer one month free membership. Perhaps you may also want to look there.

Once again have a look at your trading plan and see what best suits you.

All the best for the new year

Regards

Sarah

[brerwallabi]

Has anyone used The Inside Trader? If so, what do you think of it?

Julia

Somewhere on the forum is some previous discussion on Inside Trader, I kept a record of their weekly picks for a while and the results were not what I would call impressive at that time. Unfortunately I can not republish, as the excel file containing that data is not on this particular computer and alas I can not seem to find the particular thread with the commentary on The IT. I am always wary of recommendations by brokers and companies such like The IT. What The IT offers is available elsewhere,
EOD many sources,
directors buying @ http://au.finance.yahoo.com/q/ait?s=PEM.AX
Brokers recommendations - do your research may take a bit longer remember brokers are not the preeminent authority that they all seem to think they are.
Weekly tips - Chicken has a better record.
Neilsen indicator - its just another indicator that can be used inconjunction with others - I prefer to use other indicators.
Up to you if you want to part with your money seems an awful lot to pay for whats available elsewhere.

[brerwallabi]

Heres the file I found on The Inside Traders weekly stock picks I was not impressed over the period that I monitored them it was certainly a rising market then too.

[Julia]

Brerwallabi

Thanks very much for your trouble. Your thoughts are pretty much mine after looking at the site fairly thoroughly. Much of what they offer I already can access via E-trade.

Cheers
Julia

[sarahmeehan3]

Yes, I agree with you both that much of the information they provide can be found elsewhere. I do not use their tips at all.

I joined as a memeber simply because it saves me time in my search methods for directors.

One of two of my trading plans is to keep an eye on stocks that directors buy, where the share price is below 0.30. For example, the directors of CIG bought around 0.30. Although I did not buy at the same period, I do lock onto their stock on my watchlist for scanning over a 6 month period.

In the particular situation above, I tripled my money. Generally speaking, over this year for example I have doubled my money when my indicators say to buy. The best results seem to be when directors buy large parcels, however, I have only been monitoring this now for just over 12 months.

I am currently looking for scanning on directors in other programs, so maybe I might give inside trader a miss if I can.

If anyone knows of a program that scans for directors buying, please let me know.

Regards

Sarah

[smrt-guy]

The only "official" means of knowing this information would be via the ASX annoucements page no? I'd think it would be fairly trivial to setup a crawler to grab any directors notices and other market sensitive annoucements of the ASX site each day.

There would be a bit of work in automating the extraction of information for the PDF files, but knowing who had activity should be simple.

[RichKid]

One of two of my trading plans is to keep an eye on stocks that directors buy, where the share price is below 0.30. For example, the directors of CIG bought around 0.30. Although I did not buy at the same period, I do lock onto their stock on my watchlist for scanning over a 6 month period.

In the particular situation above, I tripled my money. Generally speaking, over this year for example I have doubled my money when my indicators say to buy. The best results seem to be when directors buy large parcels, however, I have only been monitoring this now for just over 12 months.

I am currently looking for scanning on directors in other programs, so maybe I might give inside trader a miss if I can.

If anyone knows of a program that scans for directors buying, please let me know.

Regards

Sarah

I think TechA and some others did some testing of director buying, if you search the site under 'director buying' or 'insider buying' or similar you may find more info.

[ahl2011]

Hi all,
I'm a to-be micro-scale hobby investor who wants to get his head around the share market and have some fun.
So far I've been doing research on companies and reading newsletters such as Commbank Insight or "The Inside Trader", to get some ideas in where to research further.
On this note, I'd like to ask if anyone at ASF has had any experience with The Inside Trader's stock recommendations and (paid) newsletters. So far, I've just been reading their weekly (delayed, but free) stock picks and have been observing the performance of the stocks. It seems to me that most of their picks are reasonably well picked as most of them have a good performance after the initial "pump-and-dump" has taken place.
Any type of comments and experiences in relation to their newsletter would be welcomed.
Regards,
ahl2011

[Julia]

A few people have since yesterday PM'd me about this thread, so I'll just point out that it's six years old.

[ahl2011]

A few people have since yesterday PM'd me about this thread, so I'll just point out that it's six years old.

Any people in ASF that have made any recent experiences with The Inside Trader?

[Nasty Canata]

Any people in ASF that have made any recent experiences with The Inside Trader?

Um, Yes.

Their site has some useful stuff. As already mentioned, most of it you can get elsewhere.

If all you want is director trade info, use this site: www.investsmart.com.au
You'll need to join, it's free, click on the shares tab and away you go. You can sort using their filters. Then you need to determine if it was really the directors dough being used in the purchase, or if it was a freebie etc. Easy enough to do.

I find the their smart money charts useful, but it is really tedious typing in company names to search for good stocks. To be able to scan for stocks, you have to join StockScan and pay a monthly fee. Really irritating to have to pay more.

Don't waste your money on their Inner Circle membership. What a waste of money that has been. Might as well pin 20 companies on your dart board and see which one you hit and buy that one.

Good luck with your choices.

[Julia]

Just a reminder that this thread is from 2005.