academic study and time period you look at. According to the Wharton study “Estimating the Returns to Insider Trading” that looked at a comprehensive sample of insider transactions over 22 years from 1975-1996, about one-quarter of these abnormal returns accrue within the first five days after the trade and one-half accrues within the first month. Insider Trade Reports is an investment research service that analyzes SEC filings by company insiders every day and provides detailed daily reports of insider purchases and sales. The top 5 purchases and sales of the day are run through our proprietary model that looks at 20 different criteria and then rates these stocks on a scale of 1 (avoid) to 10 (explore). We clearly indicate which positions we are purchasing for our portfolios and also use a dedicated Twitter account to notify subscribers about promising insider purchases that show up intraday.