This penny stock could soar…again

When company insiders decide to buy stock in their own company, we know that they are expecting the price of the stock to rise.

What we have to do is determine which insiders to trust, and how ready the stock they are buying is to climb. And since history repeats itself, why not look to the stock that has soared before?

The insiders are piling on board. Should YOU?

When the insiders begin dumping hundreds of thousands of dollars into their own company, that company’s stock instantly gains the potential to leap upward and experience monstrous gains.

And I LOVE potential gains, which is why I like to pair insider purchasing with penny stocks!

Penny stocks inherently have the most potential in the stock market to skyrocket, and coupling that with insider buying makes for a huge amount of potential.

That’s why my attention is on Broadway Financial Corporation (BYFC) right now…

BYFC operates as the holding company for Broadway Federal Bank, f.s.b. that provides savings and loan business services to low to moderate income communities in southern California.

This financial company’s stock is sitting around the $1.75 mark, and it is one that the insiders love.

So much so that 4 directors and 1 company officer together bought 234,000 shares of BYFC totaling $328,000-worth of stock, all at the same time!

And the most appealing part of all of this insider tracking is the fact that BYFC has already had monster gains in the past…twice!

In September of 2012, BYFC experienced a 1-day gain of 211% as its price shot up from $1.03 to $3.20!

Then in July of this year, the price of BYFC jumped from $1.35 to $2.95 for another BIG gain of 119%!

Now it appears that the insiders could expect another gain like those…

But we can’t be foolish and simply get on board just because the insiders bought stock. We could buy right now at $1.70 and watch it fall to its low last year of $0.52.

In order to make the most of a profitable opportunity that looks likely for BYFC, it’s vital to open the trade at the right time. For my Penny Stock Insider readers, I do this for them and tell them which penny stocks to go after and WHEN.