MEMC Electronic Materials (WFR) Recovering From Historic Lows On Insider Buying

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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