Insider expert Jonathan Moreland tells readers exactly what insider information is, where to find it, and how to use it. In these pages, he covers how to analyze insider purchases and sales; the difference between legal and illegal insider trading; special screens of insider data for use with specific investment approaches; and where to find the cheapest and best insider data.

The Insider’s Dossier will seamlessly guide you through investing alongside the most in-the-know professionals, debunking the widespread myth that insider trading is illegal. Not only is it legal when following proper protocol, but author Andrew Packer helps you to decode the Wall Street lingo, so that even the novice could easily follow corporate insiders for returns that significantly outperform the market year over year. In easy-tounderstand terms, Packer describes: • The difference between legal and illegal insider trading • How to evaluate insider activity in order to optimize your investment advantage • The key to swiftly decoding SEC filing forms for up-to-the-minute insider activity • Understanding and utilizing web-based, technical analysis tools • How to separate key insiders from the average corporate investor • Investing beyond simple trades, clearly and concisely explaining the ins and outs of options trading, and much more. . . About

Designed as a practical guide for the professional and individual investor, this book shows the outside investor how to make profitable investments by learning about insider trades from public documents and buying and selling statistics.

Learn how to profit from information about insider trading. The term insider trading refers to the stock transactions of the officers, directors, and large shareholders of a firm. Many investors believe that corporate insiders, informed about their firms' prospects, buy and sell their own firm's stock at favorable times, reaping significant profits. Given the extra costs and risks of an active trading strategy, the key question for stock market investors is whether the publicly available insider-trading information can help them to outperform a simple passive index fund. Basing his insights on an exhaustive data set that captures information on all reported insider trading in all publicly held firms over the past twenty-one years—over one million transactions!—H. Nejat Seyhun shows how investors can use insider information to their advantage. He documents the magnitude and duration of the stock price movements following insider trading, determinants of insiders' profits, and the risks associated with imitating insider trading. He looks at the likely performance of individual firms and of the overall stock market, and compares the value of what one can learn from insider trading with commonly used measures of value such as price-earnings ratio, book-to-market ratio, and dividend yield.