Key insights
- A retail investor created a tool to track insider trading, claiming a 45% return in the past year using it. While interesting, the tool's effectiveness is unverified, and insider trading data is a lagging indicator. Limited direct impact on US equities, but reflects retail investor interest in alternative data sources.
5 years ago when i came across Deep Fucking Value and Insider Trading and ive been using it as part of my analysis every since as extra confirmation in finding undervalued stocks.
(and its been working pretty well im up 45% in the past year on my TFSA)
But openinsider always just felt laggy, missed a lot of filters and you always had to keep checking it since there wasnt an alert option.
So earlier this year i decided to build kestrelterminal as a side project for personal use to do exactly what openinsider couldnt.
Its free to use, but you do need a paid plan to use the alerts/strategies tab (same ones i use on my tfsa).
But if any of yall are interested just lmk and ill give you free access.
It would mean a lot if you checked it out, and let me know if theres any changes I can make or improvements youd might like.