Is insider buying a good thing?

[76132]

I'm watching a stock and lots of insiders are buying. Yet the price keeps on going down, which rules out the possibility of insiders inflating the price.

Is it time to buy since insiders are losing money but are still buying?

 

[Scataphagos]

Quote from 76132:

I'm watching a stock and lots of insiders are buying. Yet the price keeps on going down, which rules out the possibility of insiders inflating the price.

Is it time to buy since insiders are losing money but are still buying?

Insiders are notoriously:

1. WRONG!

2. Even when right, very early.

Take that FWIW...

 

[76132]

Quote from Scataphagos:

Insiders are notoriously:

1. WRONG!

2. Even when right, very early.

Take that FWIW...

Thanks! Just trying to figure out why insiders would buy even though the stock has been trending downwards.