Insider Buys

Apparel maker Warnaco Group (WRNC) has licenses and ownership of brands such as Calvin Klein, Speedo, Nautica and even Jennifer Lopez Lingerie. Four insiders have been buying $150,000 in shares and the stock is rising after touching briefly its 200 day moving average (seems the market overreacted to the sportswear group president's resignation and the earnings projections revised downwards - that means there is room for good surprises). If the economy recovers, retail should do well.

Other insider buys:
Boca Resorts (RST) with almost $8 million bought
WMS Industries (WMS) about $3 million and Midway Games (MWY) $788,000 being bought by Sumner Redstone
Applied Materials (AMAT) $1,1 million
James Monroe (JMBI) $1 million
American Express (AXP) $890,000
Orthodontic Centers America (OCA) $793,000
Post Properties (PPS) $937,000
General Growth Properties (GGP) $468,000
Wave Systems (WAVX) $160,000
Cohen & Steers Pfd Income (RNP) $100,000
DIGI International (DGII) $85,000
Polo Ralph Lauren (RL) $58,000
Woodward Governor (WGOV) $92,000
Noble International (NOBL) $38,000