$FH Insider Buy: Are we too late to the party?
Today in the early morning at 9.56am our system alerted us of a large insider buy in FORM Holdings Corp. Their director Richard Abbe picked up 39,670 shares on Friday, May 19th. He paid an average of 1.54 per share, making a total investment of $61,139. The stock jumped up today and we could have grabbed a quick and easy profit, but did we?
As you can see on the screenshot below, the insider buy of today is not the only insider trade over the last days. However, our system did not alert us of the other buys due to the small value size. The stock had gone up already a little bit on the news of the multiple smaller insider buys and therefore we did not pick up any shares this time. Learning of the day: Once again it shows us that we should keep emotions out of the game and just trust our system. More than 80% of our alerts make us quick and easy profits so we should just stick with playing the numbers game.
More information about FORM Holdings Corp.
FORM Holdings Corp., together with its subsidiaries, develops, acquires, and monetizes intellectual property worldwide. It operates through three segments: Intellectual Property, Fli Charge, and Group Mobile. The company’s intellectual property portfolio consists of approximately 600 patents and patent applications covering telecom infrastructure, Internet search, ad-insertion, and mobile technologies. It also designs, develops, licenses, manufactures, and markets wire-free conductive power and charging solutions, such as conductive charging pads and associated cases for phones, tablets, and laptops. In addition, the company operates as a full service reseller of rugged computers, rugged tablets, rugged mobile devices, rugged mobile printers, vehicle computer docking and mounting gears, power accessories, wireless communication products, antennas, carrying cases, peripherals, and accessories, and other related products to emergency first responders, municipalities, and corporations. The company was formerly known as Vringo, Inc. and changed its name to FORM Holdings Corp. in May 2016. FORM Holdings Corp. is based in New York, New York.