Well observations of public information that are not widely disseminated or are hard to interpret. For example 1) Change in behavior of insiders because of reg

Well observations of public information that are not widely disseminated or are hard to interpret. For example 1) Change in behavior of insiders because of regulations which leaks information, e.g. sudden silence on a certain subject 2) Observed activity of key persons, e.g. the CEO of a company being spotted with other CEO's Mosaic theory[1] allows such things under the right circumstances and this would influence price. [1]: http://en.wikipedia.org/wiki/Mosaic_theory_%28investments%29 http://en.wikipedia.org/wiki/Mosaic_theory_%28investments%29