Acorn Energy (NASDAQ: ACFN), is actually a publicly traded venture capital company. They buy small technology start-up companies that have technologies and products that are close to fruition, finance them, and nurse them along until they reach commercial success.
They’ve done this before; selling one of their subsidiary companies through an IPO in 2007, and selling another company in 2010 for $101.0 million. They had invested only $18 more »
It was Peter Lynch who said something like “There are lots of reasons why insiders sell, but only one reason why they buy: They believe the price will go up.”
Consider the little technology company Acorn Energy (NASDAQ: ACFN).
Out of the last 29 or so insider trades, dating back to June 2010, an amazing 28 have been purchases at market!!
The only sale was 20,000 shares by the more »