COO of (VELA) Mario Alvarez sells 2,069,502 shares of VELA on 06/08/2012 at an average price of $0.01 a share.

.

CFO Recent Trades:

• CFO Carlos Trujillo sold 1,015,000 shares of VELA stock on 06/13/2012 at the average price of 0.01. Carlos Trujillo owns at least 4,178,198 shares after this.
• CFO Carlos Trujillo sold 620,000 shares of VELA stock on 06/11/2012 at the average price of 0.01. Carlos Trujillo owns at least 5,193,198 shares after this.
• CFO Carlos Trujillo sold 13,500 shares of VELA stock on 06/06/2012 at the average price of 0.02. Carlos Trujillo owns at least 5,813,198 shares after this.
• CFO Carlos Trujillo sold 82,047 shares of VELA stock on 05/23/2012 at the average price of 0.02. Carlos Trujillo owns at least 3,167,096 shares after this.
• CFO Carlos Trujillo sold 10,000 shares of VELA stock on 04/03/2012 at the average price of 0.03. Carlos Trujillo owns at least 3,386,536 shares after this.

This is the insider trade history vs. stock price of VELA. For the complete insider trading history of VELA, click here.

Directors and Officers Recent Trades:

• Chief Administrative Officer Isidoro Gutierrez sold 330,500 shares of VELA stock on 06/04/2012 at the average price of 0.17. Isidoro Gutierrez owns at least 11,354,765 shares after this.
• COO Mario Alvarez sold 3,000,000 shares of VELA stock on 05/24/2012 at the average price of 0.02. Mario Alvarez owns at least 209,654 shares after this.
• VP of Mergers & Acquisitions Kenneth Hobbs sold 550,000 shares of VELA stock on 04/26/2012 at the average price of 0.02. Kenneth Hobbs owns at least 3,087,940 shares after this.
• Chief Administrative Officer Isidoro Gutierrez sold 6,001,634 shares of VELA stock on 04/05/2012 at the average price of 0.03. Isidoro Gutierrez owns at least 6,418,382 shares after this.
• Chief Administrative Officer Isidoro Gutierrez sold 1,101,634 shares of VELA stock on 03/27/2012 at the average price of 0.03. Isidoro Gutierrez owns at least 6,292,778 shares after this.

For the complete insider trading history of VELA, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool