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Another Week, Another $757 Million Of Insider Sales
The good news: insider sales of S&P stocks were only 218 times greater than insider purchases. This is a notable improvement from last week's nearly 9,000x ratio. The bad news: the ratio was skewed by what is probably the biggest insider purchase in the past 6 months: someone bought 542,198 shares of Citi at $4.30 (hopefully not a short cover). Take that out and things get sad again. The worst news: insider selling, in total notional continues to trend ever higher, and while better than last week's $1.2 billion, this week's $757 million in sales is a top 5 dump when looking at the last 24 weeks of insider action. Adding to this the fact that this week will see the 30th consecutive outflow from dometic equity funds (absent Mary Schapiro, Tim Geithner, and Ben Bernanke resigning of course), and the confidence game continues.
Source: Bloomberg
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looks like it's better than expected
Can't blame them for selling now.
Some stocks have experienced once in a lifetime gains.
It would be stupid not to cash in some chips now, especially after a 10-bagger gain.
What happens to NFLX when Obama presses the 'kill the internet' switch because of some spurious national security bull.
NFLX is not listed...can you post another chart.
Go when gold or silver are ten baggers in one year, will you post the same chart instead of the dishonest bullshit you throw out now?
The only thing I see is a stock that went from $60.00 - $200.00 in 9 months... ?
Next time someone talks about gold/s&p bla bla bla well maybe someone jump'd on this pig at 80-100$ ... not bad.
My mistake. Two year chart shown. Didn't notice that with all the other daily and hourly charts he puts up. Still a ten bagger.
Level 3 Communications, Inc. /quotes/comstock/15*!lvlt/quotes/nls/lvlt (LVLT 1.01, +0.01, +1.00%) today issued the following statement, which can be attributed to Thomas Stortz, Chief Legal Officer of Level 3:
"On November 19, 2010, Comcast informed Level 3 that, for the first time, it will demand a recurring fee from Level 3 to transmit Internet online movies and other content to Comcast's customers who request such content. By taking this action, Comcast is effectively putting up a toll booth at the borders of its broadband Internet access network, enabling it to unilaterally decide how much to charge for content which competes with its own cable TV and Xfinity delivered content. This action by Comcast threatens the open Internet and is a clear abuse of the dominant control that Comcast exerts in broadband access markets as the nation's largest cable provider.
Don't remember any A class of BRK on that list recently. Good for them, really.
Why would you want to get out?
Just when the Emporer is pumping money into the market and plans to do so for the next year or so, or at least until Darth Vadar gets booted from office in 2012.
No doubt that Squid-Hole running the Fed will be able to pump this bitch into the nose-bleed stratosphere before time ends on 12-21-2012.
Dow 12,000 by the end of the year?
Guaranteed 36,000 in time to reelect The Great "O".
I think we'll first get another shake down and this is just the beginning.
And with all this shit happening in Europe en China (Hong Kong) that now also gets a red dot on it's forehead it might work.
What surprises me is that banks like BAC and C went against the stream today and posted some nice gains.
It really could have been a short cover, in which the insider lost 200K:
http://biz.yahoo.com/t/27/6869.html
Or Pandit revoked the guy's bonus ATF
The ratio w/o the Citi purchase is 659 a far cry from 9000+. This means either a lull in the shitstorm of sales OR that the insiders are done. The later being more ominous.
Oui, LeBalance. If that is so, coupled with a double POMO not able to lift markets to green, things are seeming ominous. Wheeeeeeeeeee!
I believe the large Ballmer sale of MSFT skewed last week's number...
Look at the bright side, this decade doesn't see retail as the counter party to the trade. Thanks Uncle Ben!
Insider sales? This term was not programmed in Hals Intel I7 core. Rally on.
insiders sell for any number of reasons. they but for only one reason. we watch buying activity very carefully. someone dumping 100,000 shares of Wal-Mart? doesn't matter. someone buying millions of dollars in Citigroup? that matters a lot. forget the sellers, know what you own, focus on the buyers. shawn mesaros, pamria, llc
Cool. Just landed in Mpls. Got on the plane SPX down 13, land SPX down less than 2. Looks like a turnaround day and further strength for the SPX support level.
When did you buy Apple again ?
Bought AAPL at 300.30 and PCLN at 400 on same day 11/17.
Whats being pushed at the show ....
Consumer discretionary items - mostly home decor.
Harry Wagner is a fictitious character.
Bet it makes you feel good to be a pretend businesswomen doesn't it Robo...uhm...I mean Harry
if 2 pomo can't turn it what can?
aught oH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Max Keiser:
Hasta La Vista: 100,000 mortgage files missing in US! I know OT, but I have been helping my sister with her mortgage scam situation. Wow! Wonder if hers was one of those. WF and WAMU played ping pong with her mortgage 3-4 years ago. I didn't see where they mentioned when this happened?
Kali, trust that with many originators the actual file was shredded after scanning at the district or national repository. Ever before the file reached the repository a rough estimate puts those that did not have title at 20-70% depending on mortgage type with prime at the low end and NINJA at the other. Things started to slide badly in early '05 and were horrendous in late '06.
Good to see ya! Remember they must show you the note. Best -
Forget it. There isn't much behind it anymore... just puters' keeping the facade in place (for now) and the thing is gutted and the goods taken out the back door.
"The bad news: the ratio was skewed by what is probably the biggest insider purchase in the past 6 months: someone bought 542,198 shares of Citi at $4.30 (hopefully not a short cover). Take that out and things get sad again." Discarding outliers is bad statistics. Take all the cherries or none of them. Tut tut.
Where is the data that shows the market's forward returns for given levels of insider buying / selling ratios? Without that it's not really actionable.
There getting out while the gettings good. They know that the market has been artificially pumped to this level from the 6600 16 months ago. Once it collapse it will go back down to that level and possibly lower.
Crap, all the executive sellings are to buy new toys.
The total doesn't even come up to half the money in this morning's puny $2B POMO.
All the execs are doing is paying themselves using a printing press. Cap gains is less than salary, and you don't have to pay social security or medicare.
I have shares of AASTROM and just got an official note sayin Tim Maylebean the CEO has just bought 12,000 more shares taking him up to 81,000 shares.
Not much granted, but a buy is a buy!!!