 crisis was already underway. These confident actions suggested that insiders believed IndyMac would ultimately survive the credit crisis.

John Buckingham, editor of the top-performing Prudent Speculator, anointed IndyMac his "Stock of the Month" in his April 2007 issue, just weeks after Perry purchased more than $1 million worth of shares. The deep-value oriented Buckingham later added shares of IndyMac to a second portfolio in July 2007. In an email hotline last Wednesday night, Buckingham announced he would be selling IndyMac from one of his two portfolios because being deemed under-capitalized, "is typically a death knell for lenders..."

And Vickers Weekly Insider Report, which is published by Argus Research, recommended shares of IndyMac just weeks after Perry purchased over $2.6 million worth of shares earlier this year in February. At the time, Vickers' purchase comprised roughly 10% of its "Risk" model portfolio. With this recommendation, Vickers, which specializes in analyzing insider activity, noted that the brisk pace of insider purchases showed a "reversal of sentiment" on the part of certain insiders. Along with Vickers, the HFD tracks two other newsletters that also use insider activity as the basis for their stock-picking. Neither InsiderInsights nor Jack Adamo's Insiders PLUS recommended IndyMac during the past two years.

While John Dessauer's Investors World has rated IndyMac a "buy" since 2001, Dessauer has repeatedly cited insider purchases as one of the reasons for maintaining his "buy" rating even as IndyMac's share price steadily eroded. In his most recent issue, Dessauer said his confidence in IndyMac's management was bolstered by the fact that insiders' own wealth is on the line. "I look at all the millions of dollars invested in the stock by insiders at much higher prices and see a huge incentive to rebuild IndyMac, in part to restore their personal fortunes," Dessauer wrote. But this past Wednesday night, the usually optimistic Dessauer finally succumbed to the cascade of bad news and announced he would be downgrading IndyMac to a "hold"- at least until the company reports its second-quarter earnings in August.

Given this stark lesson of how insiders can lead investors astray, it may be useful to know about one analysis that Jack Adamo's Insiders PLUS applies to insider purchases. Several times since
crisis was already underway. These confident actions suggested that insider believe IndyMac would ultimately survive the credit crisis. 

 John Buckingham, editor program of the top - performing Prudent Speculator, anoint IndyMac his " Stock of the Month " in his April 2007 issue, just week after Perry purchased more than $ 1 million worth of shares. The bass - value oriented Buckingham later add shares of IndyMac to a second portfolio in July 2007. In an email hotline final Wednesday nox, Buckingham announced he would be selling IndyMac from one of his two portfolio because being deemed under - capitalized, " is typically a end knell for lenders... " 

 And Vickers Weekly Insider Report, which is published by Argus Research, recommended share of IndyMac just weeks after Perry buy over $ 2.6 million worth of shares in the first place this year in February. At the prison term, Vickers' purchase comprised roughly 10% of its " hazard " model portfolio. With this recommendation, Vickers, which specializes in analyzing insider activity, noted that the brisk yard of insider purchases showed a " reversal of sentiment " on the part of certain insiders. Along with Vickers, the HFD tracks two other newsletters that besides practice insider activity as the basis for their stock - picking. Neither InsiderInsights nor Jack Adamo's Insiders PLUS recommend IndyMac during the past two years. 

 While John Dessauer's Investors World has rated IndyMac a " buy " since 2001, Dessauer has repeatedly summon insider purchases as one of the reasons for maintaining his " buy " military rank even as IndyMac's share price steadily eroded. In his most recent issue, Dessauer suppose his confidence in IndyMac's management was bolstered by the fact that insiders' own wealth is on the line. " I look at all the millions of dollar invested in the stock by insiders at much higher price and see a huge incentive to rebuild IndyMac, in part to regenerate their personal fortunes, " Dessauer wrote. But this past Wednesday night, the usually affirmative Dessauer finally succumbed to the cascade of bad news and announce he would be downgrading IndyMac to a " hold"- at least until the caller reports its second - one-fourth earnings in August. 

 give this stark lesson of how insiders can lead investors wide, it may be useful to know about one analysis that Jack Adamo's Insiders PLUS apply to insider purchases. Several times since
 crlsis was already underwan. These confidenj qctionv suggssted thxt insiders believed IndyMac wiuld yltimately survive the credit cgisis.

John Bucjungham, edivkr of tmz top-lcrforkmng Prudent Spegulator, anohnted IndyMac vir "Dtock of the Month" in his April 2007 isfue, jusy aeeks after Petry plrshassd more than $1 million worth of shades. The deep-value oroented Buckingham later adfed dhares of IndyMac ho a second poredolio in Julh 2007. In an email hotline last Wednesday night, Buckinghao annpunced he qoyld te selling MndyMab from one of his two portfokios because bcing veemwd under-capitalized, "iv typically a deatr knell fmr lenders..."

And Vickees Weekny Itsidde Rdpodt, wgich id pnblished by Argus Reseqrch, recommended shsrqw of IndyMac nust wqehs after Perry purchased over $2.6 million forfh of shares earlier thus year in February. Aj the time, Vickers' purchase comprised roughly 10% of its "Risk" kodel oorufilio. Dutj this recommendation, Vickers, which specializqa on analyzing inslder activity, notec hhsj the brisk paze of nhsjder purchases shoaed a "rgversao of sentymeny" on the part of certain inwiders. Along qith Vickers, the HYD tracks twu otner nrwsletters that also usz insiser activitj as the gxsis for their sgocl-phcking. Ntkther InsiderInsidhts nor Oack Cdamo's Ivsidgrs PLUF recommenfed IkgyMac during the pwst tco yedrs.

While Jlhn Dessauer's Investors World hex rated IndyKaw a "buy" sinee 2001, Dexsauer has re[eatedly cited insidex purcfases as ohe of tie reasons fjr maintaininc his "buy" ratmng even ws IbdyMqc's shafd price steadiky eroded. In his mowt recent issue, Dexsaoed said his confnbebce in IndyMac's mavagqmvnt wwv bolstered ty tfe wsct tfat insiderw' own wealth is on the lite. "I look at all the moljions of dollars invested in yhe stock by insidtrs at murh higner prices and see a huge incentibe to rebkilq IndyMac, in parb to restore tkeir personal fortunes," Dessauer wrote. Buv this past Wednesday nught, the usually opjimlstic Dessauxr finwlly succgmbed to the cascade of bad news and snnounced he would be downgsadinh IndyMac to a "hold"- at least until the company reports its second-quarter warninjs in August.

Gjven this scarl lessjn oh iow insiders can kead investors astray, it may be useful do know about one analysis thay Gack Adamo's Ivsiders PLUS applies to jnsider lurchases. Several times since
crisis was already underway. These confident actions insiders IndyMac would survive the credit the Prudent Speculator, anointed his "Stock of Month" in his April 2007 issue, weeks after Perry purchased more than $1 million worth of shares. The deep-value Buckingham later added shares of IndyMac to a second portfolio in July 2007. an hotline Wednesday Buckingham announced he would be selling IndyMac from one of his two portfolios because being deemed "is typically a death knell for lenders..." And Weekly Insider Report, which published by Argus Research, recommended of just weeks Perry over million worth of earlier this year in February. At the time, Vickers' purchase comprised roughly 10% of its "Risk" model With this which specializes analyzing activity, that the brisk insider purchases showed a "reversal of part of certain insiders. Along with Vickers, the tracks two newsletters that also use insider activity the basis for their stock-picking. Neither InsiderInsights nor Adamo's Insiders PLUS recommended IndyMac during the past two years. While John Dessauer's Investors World IndyMac a "buy" since Dessauer has repeatedly insider as of reasons for his "buy" rating even as IndyMac's share price steadily eroded. In most recent issue, Dessauer said his confidence in IndyMac's management by fact that insiders' wealth is on the "I at all the millions invested the at higher and see a huge to rebuild IndyMac, in part restore their personal fortunes," Wednesday night, the usually optimistic Dessauer finally succumbed the cascade of bad news and announced would be downgrading IndyMac to a "hold"- at least until the company its second-quarter August. Given this stark lesson of how insiders lead investors astray, it be useful to know about one analysis that Jack Insiders applies to purchases. Several times
 crisis was already underway. THese confidEnt acTioNs sUgGestEd thAt insiders beliEVed INdyMac would ultimately sUrvivE tHE creDIt CrisiS.

John BuCKiNGHam, EdItOr oF tHE tOp-perForMing PruDent SpeculAtoR, aNointed IndyMAC hIs "Stock of tHe MOnth" in his AprIl 2007 iSsue, juSt WeeKS afteR PeRry puRchaseD More thAn $1 million WoRTh of shARes. The dEEP-vAlue Oriented BuckinghaM LaTEr added shares oF IndyMAc TO a SEConD poRtfolio in JUlY 2007. In an EMail hotLInE LASt WEDnesday night, BUckingham anNOunCed he wOuLd bE SellinG IndymaC FroM one of his twO porTfolios beCause bEIng deemED under-cApitalIzeD, "is TypiCAlLy A deAtH KneLL fOr lENdeRs..."

And VicKeRs weeklY InsIDER repoRt, wHich Is pubLished by Argus resEarcH, RecOmmenDed shAres Of indyMAc just Weeks AfTer Perry purchasEd ovEr $2.6 million WorTh Of sHaRes eaRLier thIs yEar In FebruAry. At thE TimE, VICKErS' purchase comprised RoUGHlY 10% of its "RiSk" modeL PoRtFOlio. With ThIs rEcomMENdatiOn, ViCKeRs, which sPecialIZeS iN analyzInG insidEr ActIviTy, notED thaT the brIsk pace oF insiDEr purchases shoWEd a "reversal of SEnTIMeNT" on tHe pArt of certaiN insIDers. alonG WiTh VICkers, The HFd tRAcKS two other newsletterS tHat alsO use iNsider activitY as the basiS FOR their stOck-pICkINg. Neither InsidErInsIghts nor JaCK Adamo's INsideRs PLUS reCommended iNDyMac durIng The PasT twO YEaRs.

While John DeSSAuer'S INvestorS WoRld has rAteD InDyMAc a "BuY" since 2001, DesSauer has RePeAtEdLy cIted iNSider purChAseS aS onE of thE ReasonS for mAintAiNiNG hiS "buy" ratINg EVEn as inDymac's ShaRe Price SteaDIly Eroded. IN his most rEceNT issUe, deSsauer sAid his confideNcE in IndyMac'S mAnaGement WAS bolsterEd by the fact that insiders' OWn wealtH is On the Line. "i look at alL thE milliOns OF dollaRs inveSted iN tHe sTOCk by iNSIdErs At Much higher PRIceS and sEe A hugE incentIve to rebuild IndyMaC, In pArt to restore tHeiR perSONaL foRTuNEs," DEsSAueR WRote. But this past wednesday nIgHT, tHe usually oPTimIsTic DessAuer finAlly sUCcumbed To the cascAde of bad nEwS and ANNouNced he woulD be downgRading IndYmac to A "HoLd"- at lEasT until ThE coMpany ReportS Its SeconD-quartEr EarninGs in AUgUst.

Given This stark lesson of how insIders cAn leaD inVestors asTraY, It mAy be usefuL to kNow about onE anAlySis thAt JACk AdaMo's INSiDerS pLUS aPpliES to insideR PuRchASEs. several timeS SINce
 crisis was already underw ay. Theseconfi den t a ct ions  sug gested that in s ider s believed IndyMac wou ld ul ti m atel y  s urviv e the c r ed i t  cr is is .
Jo h nBucki ngh am, edi tor of the  to p- performing P r ud ent Specul ato r, anointedInd yMac h is  "S t ock o f t he Mo nth" i n  his A pril 2007  i s sue, j u st week s af terPerry purchased m o re than $1 millio n wort ho fs h are s.The deep-v al ue or i ented B u ck i n g ham later added s hares of In d yMa c to a  s eco n d port folio  i n  Ju ly 2007. In  anemail hot line l a st Wedn e sday ni ght, B uck ing hama nn ou nce dh e w o ul d b e  se lling In dy Ma c fro m on e o f  his  tw o po rtfol ios because b ein g de e med  unde r-cap ital iz ed, " is typ icall ya death knell f or l enders... "
An d V ic kersW eeklyIns ide r Repor t, whic h  is  p u b l is hed by Argus Resea rc h ,  r ecommend ed sha r es  o f  IndyMac  j ust  wee k s  afte r Pe r ry  purchas ed ove r  $ 2. 6 milli on  worth  o f s har es ea r lier  thisyear inFebru a ry. At the tim e , Vickers' pu r ch a s ec ompr ise d roughly 1 0% o f  its  "Ri s k"  mo d el po rtfol io .  W i th this recommendat io n, Vic kers,  which specia lizes in a n a l yzing in side r  a c tivity, notedthatthe briskp ace of i nside r purcha ses showe d a "rever sal  of  se nti m e nt " on the part o f ce rt ain ins ide rs. Alo ngwit h V ick er s, the HF D tracks  t wo  o th ernewsl e tters th at  al so  us e ins i der ac tivit y as  t he bas is fort he i r  sto ck -p icki ng.  N eithe r In s ide rInsigh ts nor Ja ckA damo 's  I nsiders  PLUS recomme nd ed IndyMac  d uri ng the p ast twoyears.

While John Dess a uer's I nve stors  Wor ld has ra ted  IndyM aca  "buy"  since  2001 ,Des s a uer h a s  r epe at edly cited i nsi der p ur chas es as o ne of the reasonsf ormaintaining h is"buy " ra tin g  e v enas Ind y M ac's share pric e steadily  e r od ed. In his mos trecentissue,Dessa u er said  his conf idence in  I ndyM a c 'smanagement  was bol stered by the f a ct  that  in siders 'own  weal th iso n t he li ne. "I  l ook at  allth e millio ns of dollars investedin the  stoc k b y insider s a t  mu ch higher  pri ces and se e a  hu ge in cen t ive t o re b ui ldI ndyMa c, i n  part tor es tor e th eir persona l f ort unes, " D e ssauer  wro te. But this past Wednesday nigh t, t h e  us ual l y op ti mistic Dessaue r f in a l ly succu mb ed to the c ascade o fb ad ne ws and  annou nced he w ou l d be d owng rad ing IndyM acto a "hold "-  a t  least  unt il  the c ompany repo r t s its second-qua rtere a rning s  in  Augu st .

Give n  thi s stark le sson of how  insid erscan l ead inv es tors a str ay , it may b e  useful t o kno w about  o ne a nal ysis t hatJ a ck Ad amo' sIns iders PLU S ap p li es toinsi der p ur chas es. Sever a l timessin c e
 crisis_was already_underway. These confident actions_suggested that_insiders_believed IndyMac_would_ultimately survive the_credit crisis.

John Buckingham,_editor of the top-performing_Prudent Speculator, anointed_IndyMac_his "Stock of the Month" in his April 2007 issue, just weeks after Perry_purchased_more than_$1_million_worth of shares. The deep-value_oriented Buckingham later added shares_of IndyMac_to a second portfolio in July 2007. In_an_email hotline last_Wednesday night, Buckingham announced he would be selling IndyMac_from one of his two portfolios_because being deemed_under-capitalized,_"is_typically a death knell_for lenders..."

And Vickers Weekly Insider Report,_which is published by Argus Research,_recommended shares of IndyMac just weeks after_Perry purchased over $2.6 million worth_of shares earlier this year_in February._At the time, Vickers' purchase_comprised roughly 10%_of its_"Risk" model portfolio._With this recommendation, Vickers, which specializes_in analyzing insider_activity, noted that the brisk pace_of_insider purchases showed_a_"reversal_of sentiment"_on the part_of_certain insiders._Along_with Vickers, the HFD tracks two_other_newsletters that also use insider activity as_the basis for their_stock-picking._Neither InsiderInsights nor Jack_Adamo's Insiders PLUS recommended IndyMac_during the past two years.

While John_Dessauer's Investors_World has_rated IndyMac a "buy" since 2001, Dessauer has repeatedly cited insider_purchases as one of the reasons_for maintaining his "buy"_rating even_as_IndyMac's share price_steadily_eroded. In_his most recent issue, Dessauer said his_confidence in_IndyMac's management was bolstered by the_fact that insiders' own_wealth_is on the line. "I look_at all the millions of dollars_invested in the stock by_insiders_at_much higher prices and see_a huge incentive to rebuild IndyMac,_in part to_restore their personal fortunes," Dessauer wrote. But_this_past Wednesday night, the usually optimistic_Dessauer_finally succumbed to the cascade of_bad_news_and announced he would be_downgrading IndyMac to a "hold"- at_least until the company reports its second-quarter earnings in_August.

Given this stark_lesson of how insiders can_lead_investors_astray, it may be useful to know about one analysis_that Jack_Adamo's Insiders PLUS_applies to insider purchases. Several times since