Home » Biotech Stocks » Long Ideas

Symbols:

Authors:

Symbols:

Authors:

Antigenics: Insider Buying Alert

by: Kirk Lindstrom September 07, 2008 | about stocks: AGEN

Kirk Lindstrom

About this author:

Become a Contributor Submit an Article

Font Size:
Print
Email

I got word of two insider buys at Antigenics (AGEN) totaling 10,000 shares by a director:

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

The last time I wrote of an insider buy of AGEN was Sept. 2007 where the CEO bought 50,000 shares at an average price of $1.93. [See Insider Buying at AGEN by Chairman and CEO Garo H. Armen.] About 6 months later, the stock peaked at $3.90.

I added to my position on Friday's news with the hope of selling into a similar advance.

Details:

Director = Classification of Insider
JOHN HATSOPOULOS = Name
$17k = Value of I-Buy trade(s)
10k = Number of Shares
$1.71 = Average Price Paid
$1.68 = Recent Stock Price (delayed)
155k = Average Daily Volume (composite time frame)
$111M = Company Market Capitalization
2008-09-03 = Purchase Date
2008-09-05 = Filing Date

Key Info

0.89 = Beta
7.60% = Short Interest
15.9 = Short Ratio (days)
12-Aug-08 = Date of Above Short Information

Disclaimer:

I personally own AGEN as a long term investment and trade its volatility for added return. I also cover AGEN in "Kirk Lindstrom's Investment Newsletter." For my specific buy and sell targets, you need to Subscribe to Kirk's Investment Newsletter.

Warning:

AGEN is a very high risk stock because it has no profits and revenue is only 6 cents a share for a price-to-sales ratio of a whopping 29!

Healthcare Stock Opportunities In a Down Market Nov 22, 2008
Nitromed Is Archemix's Back Door onto the Stock Market Nov 21, 2008
China Medical Develops Predictor for Biologic Cancer Drug Success Nov 21, 2008
Emergent BioSolutions Inc. Q3 2008 Earnings Call Transcript Nov 21, 2008
Genomic Health, Inc. Q3 2008 Earnings Call Transcript Nov 21, 2008

Related Stocks:

AGEN

This article has 3 comments:

Sep 07 12:30 PM
This is a fairly pathetic dollar value of insider buying, no?
Reply
Sep 08 10:24 AM
Well, I'd love to see more insider buying for sure, but it is a tiny market cap ($111M) so you won't expect to see $5M buys like we get at GE without the buy moving the stock up significantly.

"GE: General Electric's CEO Immelt Invests Another $5 Million Of His Own Money In GE Stock"
kirklindstrom.blogspot...

I'm not recommending this as a long term, major buy... but I like to tag along when insiders are buying if possible.

Check out the insider buying vs selling here:
www.secform4.com/insid...

Compare that with Cisco
www.secform4.com/insid...
a stock I won't own since insiders have no confidence in it...

Reply
Sep 09 05:48 AM
This is NOT a good sign. If there was going to be a sale of the company, insiders wouldn't be trading at all. A 10K buy/sell is nothing as they are issued about the same for zero.

This means that any possible sale of the company is 60 days off.

CrossProfit
www.crossprofit.com
Reply

More Comments on AGEN »

More by Kirk Lindstrom

ECRI WLI Growth Rate at Lowest in History
on Nov 02, 2008
Inflation Adjusted Oil Prices Fall on Strong USD
on Oct 19, 2008 | about OIH,USO,OIL
Washington Mutual: The Largest Bank Failure in History
on Sep 28, 2008 | about WM,XLF,JPM
Warren Buffett on Goldman Sachs and the Financial Bailout Package
on Sep 24, 2008 | about DIA,BRK.A,BRK.B

Articles on related themes

Hedge Fund Jobs

Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »

Employers: See all recruitment options, get applications online or by email Post a job »

Trading Center

Free E-Newsletters
Wall Street Breakfast - Sample Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought. Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only. Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week. Oil demand withers. The International Energy Agency warned Friday worldwide oil demand... Email continues...
The Macro View - Sample Seeking Alpha - The Macro View Market Outlook An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy Long Term, Financials Look Good by Michael Filloon Round 3 of the Recession: Main Street by Paul Fekula Oil Price Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning Oil Down 48% from Highs by Bespoke Investment Group Oil & Gas Headed Lower as Economy Strikes Consumers by Michael Filloon Economy Long Term, Financials Look Good by Michael Filloon Round 3 of the Recession: Main Street by Paul Fekula Reality Bites As Stocks Continue To Collapse by The Mole Email continues...
Investing Ideas - Sample Seeking Alpha - Investing Ideas Cramer's Picks Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham Better Picks - Cramer's Lightning Round (10/14/08) by SA Editor Joan Wickham Perhaps Industrials... Cramer's Stop Trading! (10/14/08) by SA Editor Joan Wickham Long Ideas Utilities Beginning to Generate Interest for Longs by Joe Kunkle The Long Case for Encore Capital by Value Investor Insight 2009: The Year of the Channel for SaaS Vendors? by Jeff Kaplan Two Global Infrastructure Investment Opportunities in ETFs by Investment U Market Behaves Sanely - Fast Money Recap (10/14/08) by SA Editor Joan Wickham Short Ideas Why Short Sellers Are the Heroes of Wall Street by Investment U Salesforce.com: Pricey and Coming Down Fast by Charlie Bottle Google: 3Q Results Reveal Chinks in the Armor by Mark Krieger Email continues...
Jim Cramer's Picks -
Sample

Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
Email continues...
Stocks & Sectors - Sample Seeking Alpha - Stocks & Sectors Internet eBay: Q3 Looks Good but Q4 Guidance Disappoints by Greg Feirman Is Google Feeling Lucky? by Sam Gustin Why Today Could Suck for Tech by Kevin Maney Media A Triple Financial Whammy Afflicts Newspapers by Ken Doctor Three Years On, Buying MySpace Looks Like One of Murdoch's Smartest Bets by Erick Schonfeld How Will Arbitron Fare in This Market? by Sreeni Meka Telecom Ten Ways to Invest in Louisiana by Stockerblog Earnings Preview: Electro-Optical Engineering by theflyonthewall.com Shared Docks Via WiFi All the Rage by Dean Bubley Financial Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson Reality Bites As Stocks Continue To Collapse by The Mole LIBOR Shows Worst Is Yet to Come for Credit Markets by Keith Fitz-Gerald Email continues...
Global Markets - Sample Seeking Alpha - Global Markets China An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy USANA Health Sciences Inc. Q3 2008 Earnings Call Transcript Perfect World Announces Share Repurchase Program by Trader Mark China: Hot Money Inflows Down, Nervousness Up by Michael Pettis India Indian Economy Has Much to Cheer About by Equitymaster India: RBI Cuts Cash Reserve Ratio by Equitymaster India: Markets Continue Downward by Equitymaster Japan Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media Asia Four International Dividend Stocks to Watch by David Hunkar Eastern Europe Reality Bites As Stocks Continue To Collapse by The Mole Email continues...
Alternative Energy Investing - Sample Seeking Alpha - Alternative Energy Alternative Energy Seven Stocks for an Impending Apocalypse by H.J. Huneycutt Solar Shares Under Pressure From Credit Crunch and Pricing by Eric Savitz Trina Solar Looks Good, Though Market Yawns by Trader Mark The Electric Car Market: Wise Energy Use Stocks by Tom Konrad Investing in the Power of the Sea
ETF Daily - Sample Seeking Alpha - ETF Daily Sector ETFs Too Early To Buy Homebuilders ETF by Larry MacDonald Utilities Beginning to Generate Interest for Longs by Joe Kunkle Two Global Infrastructure Investment Opportunities in ETFs by Investment U New ETFs First Trust Launches Infrastructure ETF with Global Reach by Index Universe Overview and Analysis of the Global Generic Drug Industry by Mike Havrilla Emerging Market ETFs Brazil Is the Best of BRIC by Carl T. Delfeld Playing the Market in Difficult Times by Jason Hamlin
The Daily Dispatch - Sample Seeking Alpha - Daily Dispatch Wall Street Breakfast Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby US Market An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Housing & Real Estate Too Early To Buy Homebuilders ETF by Larry MacDonald Another 'Root Cause' That Isn't: Tumbling Home Prices by Tim Iacono Transcripts TrueBlue, Inc. Q3 2008 Earnings Call Transcript Polycom, Inc. Q3 2008 Earnings Call Transcript ETF Too Early To Buy Homebuilders ETF by Larry MacDonald
We don't spam

Popular Tools
Stock Market Toolbar
Stock Search Add-on
Power Search
Email Alerts
Live Feeds (RSS)

About Seeking Alpha
About Us
Contact Us
What's New
Readers Feedback
Advertise With Us

Contributors
Contribute an Article
Feature Your Book
Our Contributors
Anonymous Contributions
Dispute an Article?

Legal
Terms of Use
Privacy
Copyright

Stock Market Opinion & Analysis

Symbols:

Authors:

Seeking Alpha

Antigenics: Insider Buying Alert

Kirk Lindstrom

Related Articles

Related Stocks:

This article has 3 comments:

More by Kirk Lindstrom

Sponsored Resources

Newsletters

Currency Trading

Hedge Fund Jobs

Trading Center

Stock Market Opinion & Analysis

Seeking Alpha

Antigenics: Insider Buying Alert

Kirk Lindstrom

Related Articles

Related Stocks:

This article has 3 comments:

More by Kirk Lindstrom

Most Popular

Most Read

Editor's Picks

Most Commented

Investment Resources

Money Management

Research

Articles on related themes

Long Ideas

Biotech Diagnosis

Biotech Equipment

Biotech Research

Sponsored Resources

Newsletters

Currency Trading

Hedge Fund Jobs

Trading Center

Stock Market Opinion & Analysis