You get the feeling that shares of MEMC Electronic Materials (WFR) are beginning to offer a tremendous opportunity for those that have a longer holding time frame. A few insiders certainly do, including the CEO and CFO. With shares of WFR at nearly 10 year lows, both have done some buying giving the stock a boost today of about 15%. The purchases were actually made on August 5th, but the news is providing the catalyst for a rally today. As you can see from the image below, the insider buying was toe dipping which isn’t a bad strategy for non insiders as well considering there is considerable technical damage to work through. There will be plenty of time to get in on a good price.
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Chart courtesy of InsiderCow.com