Insider Selling To Buying: 2,341 To 1

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Tue, 10/05/2010 - 14:47 | 626793 mule65
mule65's picture

They sure left a lot of dough on the table.

Tue, 10/05/2010 - 14:50 | 626807 Tyler Durden
Tyler Durden's picture

Somewhat like that exponential phase in the last months of Bernard L. Madoff Investment Securities LLC

Tue, 10/05/2010 - 15:25 | 626963 tmosley
tmosley's picture

I have the feeling that the return under Madoff was probably quite a bit better than what we are going to see here.  At least they got some money back that still had some purchasing power.

Tue, 10/05/2010 - 15:49 | 627053 Bob
Bob's picture

Perhaps it will depend upon where they put those dollars. 

I suspect that we may lose our affection for gold, bitchezzzz.  JPM vaults and all . . .  

Tue, 10/05/2010 - 15:57 | 627082 Yikes
Yikes's picture


Do you have any history you can show us on insider trading leading up to the 2008 financial crisis?  It would help put this activity in some kind of historical context. 

Here's another thought: All these insiders are taking their capital gains this year before the increases kick in next year.  Could it be that these insiders, insiders who are very well connected to Washington, know something about the Bush tax cuts and what the Dems are planning and that we don't?


Tue, 10/05/2010 - 14:52 | 626822 snowball777
snowball777's picture

Not nearly as much as you will have.

Tue, 10/05/2010 - 15:17 | 626926 cougar_w
cougar_w's picture

They would not agree. And they are hugging the inside track on the race to the bottom. The rest of us are about a half a lap back yet and can't even hear the hoof-beats of the guys leaving the field right now.

Tue, 10/05/2010 - 15:22 | 626952 mule65
mule65's picture

LOL -- I hear bears running!

Tue, 10/05/2010 - 15:44 | 627036 Uncle Sugar
Uncle Sugar's picture

Uncle Ben better announce a MONSTER QE2 come November or everything is going to crash. Stocks, bonds and even PM's.

Buy the rumor. Sell the news?



Tue, 10/05/2010 - 16:43 | 627210 cougar_w
cougar_w's picture

Prediction: The new Congress will return in January after a bitter election and failed "holiday" [gag] season and propose the Mother of All Tax Relief Apocalypses in the first 3 days of session. It will become law in less than 30 days by a lopsided bi-partisan vote. When you see that, know that the wheels are coming of the entire country.

Tue, 10/05/2010 - 15:29 | 626981 Turd Ferguson
Turd Ferguson's picture

WOW! That is a truly astonishing figure.

Tue, 10/05/2010 - 14:51 | 626813 mynhair
mynhair's picture

Don't miss the LPS train.  The suit get thrown out, or what?

Tue, 10/05/2010 - 14:51 | 626815 stickyfingers
stickyfingers's picture

Has anyone noticed the increasing number of stocks going parabolic?

Tue, 10/05/2010 - 14:59 | 626847 reading
reading's picture

As in the whole market?  'Cause yeah I did notice and wow you really have to wonder. funny though...What does someone know at AXP...sucked wind yesterday and getting beaten like a red-headed step child today...suddenly the market cares about an analyst downgrade?

Tue, 10/05/2010 - 15:07 | 626888 Bill Lumbergh
Bill Lumbergh's picture

Aside from the market pricing in $100 earnings for the S&P, about 5 more QEs, and the collapse of the US dollar, everything seems normal to me.

Tue, 10/05/2010 - 15:39 | 627014 -1Delta
-1Delta's picture

Things are normal! Go buy AAPL and AMZN and NFLX!!!!


The dollar is such a crowded trade...


All buying today are trully suckers...

Tue, 10/05/2010 - 15:58 | 627084 reading
reading's picture

Well, you forgot that aapl has to announce earnings of just over $one gazillion plus intro the new iAmsostupidiamspendingallmymoneyonthisgadgetidontneedgadget plus the banks will miraculously be super fantastic with all their great REO inventory and super great mortgage programs, but other than that things seem really really normal.

Tue, 10/05/2010 - 15:13 | 626906 traderjoe
traderjoe's picture

HOG up 9%. AAPL, GOOG up 3%. BIDU up 6%. Ethan Allen up 10%. 

Well played for now, Uncle Ben. In for a penny, in for a pound...

Tue, 10/05/2010 - 14:53 | 626823 EscapeKey
EscapeKey's picture

Well, yes, but Uncle Ben bought at LEAST twice that, so overall it's strongly bullish.

Tue, 10/05/2010 - 14:53 | 626825 Bill Lumbergh
Bill Lumbergh's picture

Cramer should run with this story...a contrarian indicator to BUY BUY BUY and become filthy rich.

Tue, 10/05/2010 - 14:54 | 626828 themosmitsos
themosmitsos's picture

The Recession is Over === Mission Accomplished

Wed, 10/06/2010 - 02:59 | 628474 SheHunter
SheHunter's picture

Yeah right.

Just like Bushie-boy and a few months ago the O'B-man both told us the Iraq war is over.

Tue, 10/05/2010 - 14:55 | 626829 bigdumbnugly
bigdumbnugly's picture

kinda reminds me of an old geezer offering some young, innocent kid whatever candy he's got on hand just to get them into his car...  pretty sickening if this is the case.

Tue, 10/05/2010 - 14:57 | 626834 sweet ebony diamond
sweet ebony diamond's picture

Larry Ellison is bailing out of his ponzi.

He is the American Dream.

I can't wait for his book.

Tue, 10/05/2010 - 15:13 | 626908 Assetman
Assetman's picture

You can't afford his book.

Tue, 10/05/2010 - 14:57 | 626839 SteveNYC
SteveNYC's picture

Fed bailing out insiders as the HFT algos push markets higher. Capitalism you can believe in.

Tue, 10/05/2010 - 15:14 | 626913 Assetman
Assetman's picture

Capitalism you can believe in = Hope for the Elite

Tue, 10/05/2010 - 15:31 | 626985 firstdivision
firstdivision's picture

Actually this is the Fed's just pumping stocks to dump their holdings in GM and AIG and not lose as much that would cause a revolt against the Fed itself.

Tue, 10/05/2010 - 14:58 | 626845 Bankster T Cubed
Bankster T Cubed's picture

the fed SUCKS

Tue, 10/05/2010 - 14:59 | 626849 tahoebumsmith
tahoebumsmith's picture

At what point does this become illegal? Seems to be manipulation overload to me...Isn't there any lawyers out there that find HFT traders in conflict with the Securities Exchange Act of 1934? 2010 will probably go down as the most corrupt year in American history. It all started when the largest bank bonuses in history were handed out at the beginning of the year.

Tue, 10/05/2010 - 15:06 | 626881 MarketTruth
MarketTruth's picture

Something being illegal for inside traders and someone actually getting caught by the SEC/CFTC/etc., then prosecuted and going to jail are totally separate issues. They are 99.99999999% mutually exclusive.

Tue, 10/05/2010 - 17:59 | 627446 minus dog
minus dog's picture

It's not like one set of laws for one group of people, and another set for another group of people is anything new.  I guess some people are just getting a wakeup call.

Tue, 10/05/2010 - 15:00 | 626850 MrTrader
MrTrader's picture

Word on the Street is Oracle CEO Larry Ellison is selling his stocks very wildly. Of course - as usual - very well informed unnamed people report...:=)))

Tue, 10/05/2010 - 15:01 | 626852 mynhair
mynhair's picture

Sell those USTs and cover, dammit!

Just 52 more pts.

Tue, 10/05/2010 - 15:01 | 626857 citationneeded
citationneeded's picture

How many of these insiders know that earnings are going to blow?

Tue, 10/05/2010 - 15:42 | 627025 -1Delta
-1Delta's picture

U r presuming earning matter...

Hey everybody, just incase you have not heard, the FED is going to do QE2 so go short the dollar bc that will make US earnings explode!!!!

Sheep are going to be slaughtered... this is all a f**** joke.

Tue, 10/05/2010 - 15:02 | 626865 cossack55
cossack55's picture

I am soooo disappointed that I do not work for one of these dynamos and got filthy rich and then sold all my stock and let the stinky, impolite and fat Joe Tall Boy (can't afford a 6 pack) pick up the tab and then be found 6 months later air dancing under a lamp post.  Oh well.

Tue, 10/05/2010 - 15:04 | 626872 AccreditedEYE
AccreditedEYE's picture

3:00PM!! Let's watch them try to pull the pig through the hoop. This is a BIG hoop. Flash Crash highs remain intact for now. Don't blow it Brian! LOL

Tue, 10/05/2010 - 15:06 | 626878 Mxriderbp
Mxriderbp's picture

Reed Hastings and the Netflix posse have been selling off shares at a rapid pace as well. I received two emails of SEC alerts of insider transactions yesterday alone. Haha.

Tue, 10/05/2010 - 15:06 | 626879 t0mmyBerg
t0mmyBerg's picture

I have been seeing this same thing over the last several weeks in a somewhat broader set of issues in an email I get called Insider Summary Update by J3SG.  Massive Insider sells compared to buys, most noticably in terms of dollars but also in terms of number of transactions.  And yet the market screams higher.  So I guess all of these insiders are just wrong. Cough Cough...

Tue, 10/05/2010 - 16:00 | 627091 SheepDog-One
SheepDog-One's picture

The formula seems simple- Pump $5 billion into stocks daily to buy insider shares being dumped, US taxpayer gets the bill. Biggest in your face total transfer of wealth in history.

Tue, 10/05/2010 - 15:07 | 626886 RobotTrader
RobotTrader's picture

Wall St. PigMen who are long stocks are getting richer by the minute.

Low grade hedge funds who are short and fighting the tape are getting blowtorched.


Tue, 10/05/2010 - 15:09 | 626893 Hephasteus
Hephasteus's picture

Psst. Over here.

You want to buy some oracle stock. Primo quality. The real deal. Just look at the certificates.

Tue, 10/05/2010 - 15:46 | 627040 -1Delta
-1Delta's picture

Psssst.. NASDAQ net spec as %OI is 2nd largest ever- anybody want some AMZN, AAPL?

Pssst, the NASDAQ is as full retard as the dollar right now...


Tue, 10/05/2010 - 20:50 | 627835 kathy.chamberli...'s picture

you changed your avatar. am traveling and didn't bring along my mag glass. what are you?

Tue, 10/05/2010 - 15:27 | 626969 truont
truont's picture

I foresee a big whipsaw coming our way...

First you get screwed fighting the tape...

Then you get screwed when you capitulate and join the party long...

I read this in the book, "How to get the middle class to transfer their wealth to its rightful owners".

Tue, 10/05/2010 - 15:48 | 627043 SheepDog-One
SheepDog-One's picture

Getting richer in rapidly declining FRN's! Wow how is that workin out for them!

Tue, 10/05/2010 - 21:55 | 627955 Minion
Minion's picture

There are two types of pig men:  professional price chasers (like you), and professional market makers.  One chases price, the other buys weakness and sell strength.  One is the prey of the other.  Price chasers get thrown off the horse when it whipsaws, market makers simply provide liquidity and pile up the (small, consistent) profits.  As much as I admire your ability to point out market moves after they happen, I detect a whiff of cynicism, as if the conditions made you into  what you have become. 

It is caused by that gnawing feeling at your conscience..... you provide no service to the market ("price discovery" isn't really necessary in this environment).  Market makers provide a service (witness the meltdown when the bot is asleep).


Tue, 10/05/2010 - 15:10 | 626897 system failure
system failure's picture


Insiders are telling us to buy cuz there will be blood in the street soon enough huh. That explains why we have POMO days to buy off the dumb insiders. Insiders are laughing at the FED POMO days to offload. WHICH IS IT? lol


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