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 Gold/Mining/Energy | Insiders tradings on canadian stocks

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To: gilbert leblanc who wrote (755)11/23/1998 9:18:00 AM
From: Goldberry   of 2322
 
Potpourri Post.

Sorry to be late responding to your reply but was away for the weekend

Graham

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To: joseph schevenels who wrote (757)11/23/1998 8:26:00 PM
From: David Carlson   of 2322
 
I would like to pose an insider trade question to the assembled masses.

If you were not aware, we now have insider data for about 3200 Canadian companies available by subscription. (Thanks for the plug, Joe).It is updated usually within a day of their issue by the appropriate exchange.

The question is: one of our users asked us to develop a screening tool to identify significant insider action. How would we do this?

I am stumped. Any suggestions on how to do that without a lot of manual work on our part? 'Significant trades' would mean that we have to get a baseline of what is 'normal' for the comparison. I have no idea how to do that without looking at each insider individually. We have enough data to do this, just not the smarts to figure something out.

Comments?

David
carlsononline.com 

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To: David Carlson who wrote (759)11/24/1998 1:09:00 AM
From: Yarek Szolomicki   of 2322
 
You could build in a query to your database (I assume you have one) and divide the number of shares bought or sold by the total number of shares owned by that individual giving you the percentage of their holdings that they are buying or selling.

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To: Yarek Szolomicki who wrote (760)11/24/1998 2:16:00 AM
From: David Carlson   of 2322
 
That would work well in theory - except that the reports do not always tell us the balance that insiders own (particularly ASC reports). If the field is blank, we assume a zero, which would lead to false results for percentage.

Someone else wrote a private message suggesting that I count the number of reports (not shares traded) over a time span (say 3 to 6 months) for every company. A higher number would show more activity. This would be a very basic test of whether something was happening - and then leave it to the individual to research further.

Comments on that?

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To: gilbert leblanc who wrote (755)11/24/1998 2:25:00 AM
From: Marc Fortier   of 2322
 
Gilbert, have you seen insider trading on LBL.M?

Regards,

Marc

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To: David Carlson who wrote (759)11/24/1998 1:40:00 PM
From: Guy Paquin   of 2322
 
David: In my view, significant trades are the ones executed by insiders directly in the market, that is, outright purchases and sales of common shares on a given stock exchange. The British Columbia Securities Commission assigns a code 10 to those transactions and other codes to exercises of options and rights. You could set up a filter to leave those out.

Regards

Guy

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To: gilbert leblanc who wrote (755)11/24/1998 7:30:00 PM
From: robin hood   of 2322
 
Tse:AVP,good article in www.vancouversun.com today, have a look. R.H.

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To: gilbert leblanc who wrote ()11/25/1998 12:16:00 AM
From: AL R   of 2322
 
TSE Oil & Gas Insider Trading

Message 6557984

Take Care
Al

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To: AL R who wrote (765)11/25/1998 9:12:00 AM
From: igor   of 2322
 
Sure appreciate your efforts in keeping this up todate.

igor

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To: gilbert leblanc who wrote (755)11/26/1998 8:29:00 PM
From: robin hood   of 2322
 
Tse:AVP, results should be out tomorrow or Monday. R.H.

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