“There’s an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 31, Hercules Offshore Inc’s Director, Thomas R. Bates Jr., invested $137,000.00 into 40,000 shares of HERO, for a cost per share of $3.42. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.”
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