Who besides Chad Williams is purchasing stock and how much? Is Mr. Williams being able to trade a symptom of how little he really knows, meaning he lacks any insider-non public information? How can a CEO effectively manage a company without knowing what's materially happening at the lower level? The only legal way Mr. Williams can trade is if he does not have material information. Something is fishy here......
The fool idea that insider buying is a good thing is just that, a fool idea, especially when put in the context of what else is going on with the company. What if the stock being bought is also being sold by lower employees (who do not have "insider" profiles requiring thier trades be made public)? What if the stock being bought is that being sold in relation to former employee stock option exercise? There is too much information missing here to make an objective assessment.
Having someone say "Hey look, Chad is buying!" right after he and other long term employees quit makes me feel like I'm in the Emerald City!