25 April 2009

Wall Street insiders are aggressively selling their shares

Insiders can be as wrong as anyone else, and their selling may not necessarily reflect a bearish view of the market, but the current selling, according to Bloomberg, is much higher than usual:
April 24 (Bloomberg) -- Executives and insiders at U.S. companies are taking advantage of the steepest stock market gains since 1938 to unload shares at the fastest pace since the start of the bear market...

Insiders from New York Stock Exchange-listed companies sold $8.32 worth of stock for every dollar bought in the first three weeks of April, according to Washington Service, which analyzes stock transactions of corporate insiders for more than 500 institutional clients.

That’s the fastest rate of selling since October 2007, when U.S. stocks peaked and the 17-month bear market that wiped out more than half the market value of U.S. companies began. The $42.5 million in insider purchases through April 20 would represent the smallest amount for a full month since July 1992, data going back more than 20 years show...
In the interest of full disclosure, TYWKIWDBI continues to be bearish and to use ETFs to maintain a short position on the Dow and the Russell 2000, with long positions in gold and commodities - so this may influence my decisions re posting of economic news and opinions. I don't recommend that anyone else do what I'm doing, because investment decisions have to be individually tailored.

1 comment:

  1. מידע נוסף על
    מניות בבורסה, מדדי מניות ומניות ארביטראז'


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