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Money Where Their Mouth Is

Tuesday, 11 Mar 2008 | 6:33 PM ET

Executives are buying large quantities of stock in their own companies despite the recent market turmoil. What do they know that you don’t?

Check out American Eagle , says Karen Finerman. Chairman Jay Schottenstein recently bought a lot of stock in his company, and that intrigues me. Typically insiders buy for one reason, she explains, because they think their stock is going higher.

Or look at Chesapeake Energy , adds Pete Najarian. The CEO bought 400,000 shares of this natural gas company, bringing his total stake to 2 million shares at an average price of $40 a share.

Tomorrow's Trades #2
Insider buying remains bullish despite market turmoil, with the Fast Money crew.

I prefer XTO Energy in the space, counters Guy Adami.

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Trader disclosure: On Mar.11, 2008, the following stocks and commodities mentioned orintended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Pete Najarian Owns (AAPL), (AMAT), (BIIB), (C), (CSCO), (MS), (MSFT), (NOK), (XLF), (YHOO), (CPHD); Pete Najarian Owns (AA) Calls, (COP) Calls; Pete Najarian Owns (FNM) Puts; Finerman Owns (GS); Finerman's Firm Owns (AAPL), (AEO), (FNM), (GE), (JCP), (MO), (MSFT), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Seymour Owns (CFC), (CSCO), (INTC), (MBI), (MSFT), (S), (TMA), (TSO), (TSM); Seygem Asset Management Owns (VIP); GE Is The Parent Company Of CNBC

  Price   Change %Change
AEO
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CHK
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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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