Thursday, August 17, 2006

Insider Trades on USG

I was roaming around the news and came across a blog about insider buying. Among those charts, USG caught my interest because there was a recent single insider purchase of nearly 7 million shares. Looking at insider trades, the big purchaser is Berkshire Hathaway, and Warren Buffet's signature is on the SEC filing (and link to search page). That got my attention! Looking more closely, Berkshire has been seriously loading up on USG shares for the past couple weeks -- a total of 9+ million shares purchased for $380+ million since Aug 2.

The technicals aren't there yet for a call entry, but oh is it tempting to just jump in now, maybe a LEAPS play. The implied volatility on USG is really low right now - about 36%.

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