More on My GE Purchase Yesterday

Interesting insider activity at GE, from today's SA:

http://seekingalpha.com/article/2944196-ge-director-makes-a-big-bet-on-his-company-should-investors-join

Summary

• It’s always a good idea to keep track of the insider buying activity.
• General Electric’s director purchased 800,000 shares of the company for nearly $20 million.
• General Electric’s shares haven’t moved yet.
• Could this be an opportunity for investors?

Peter Lynch, the iconic hedge fund manager at Fidelity Investments and the author of two of the most widely recognized investment books "One Up On Wall Street" and "Beating The Street", wrote:

Insiders might sell their shares for a number of reasons, but they buy them for only one: they think the price will rise.