This page has been archived and commenting is disabled.

Insider Selling To Buying Ratio: 2,842 To 1

Tyler Durden's picture





 

Since last week the ratio of selling to buying was #Ref!, it could really only go up. And it has. In the week ending January 21, the S&P 500 saw 2 insider buys (Tiffany and Fastenal for a total of $131,227) and 60 insider sales, worth $373 million, for a total insider sell-to-buy ratio of 2,842x. The biggest selling occurred in Discovery Communications ($101 million), Tiffany (where the $54 million just modestly offset the $119,259 in buying), Apollo Group ($44.8 million), McKesson ($40 million), and Hewlett-Packard ($25 million). So just like the government's definition of inflation, where if you strip away everything you have deflation, absent all the selling in the last year, which now amount to about $20 billion, there has been nothing but insider buying.

Source: Bloomberg

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 01/25/2011 - 17:54 | Link to Comment tellsometruth
tellsometruth's picture

wow liked that end of the day dow pump before the State of the Union...Here is the real state of our union

Tue, 01/25/2011 - 17:59 | Link to Comment Sudden Debt
Sudden Debt's picture

The pomo pump was just to make people believe that "THE MARKET STILL BELIEVES IN OBUMBO"

Yeah... 

 

The only thing I still believe is that his secret service detail is doing a bang up job! He's still alive!

I lost that bet...

Tue, 01/25/2011 - 18:15 | Link to Comment LMAO
LMAO's picture

@ tellsometruth

State of the Union...

 

I suspect a typo:

State of the Onion...!

LMAO

Tue, 01/25/2011 - 18:33 | Link to Comment whatsinaname
whatsinaname's picture

Talking of onions, Onions may in fact bring the Indian economy down as onion prices have soared to unheard of levels and flatlined at about 200% of their most recent lows.

Tue, 01/25/2011 - 17:56 | Link to Comment Sudden Debt
Sudden Debt's picture

Tyler, you should have known that this is because of the snow that has melted.

Pretty clear actually...

Tue, 01/25/2011 - 18:01 | Link to Comment bingaling
bingaling's picture

You are completely paralysed .

edit: ok. you are moving again thought you had a stroke or something

Tue, 01/25/2011 - 18:11 | Link to Comment Sudden Debt
Sudden Debt's picture

Sometimes my balls itch.

 

 

Tue, 01/25/2011 - 18:01 | Link to Comment Ferg .
Ferg .'s picture

And the consistent selling among insiders continues . Pretty staggering ratio that .

 

Of course the people  ( or computer software ? ) trading equities haven't really paid any attention to the fact that insiders have been dumping stock persistently over the past few months . Look at that surge from the lows on the S&P and DJIA . Picture perfect . And when did it occur ? In the low volume last hour or so of trading . Weak for the day but rally towards the close . The strategy works again and again . And again and again and again .

Tue, 01/25/2011 - 18:04 | Link to Comment bingaling
bingaling's picture

None of these insiders give a shit about their companies anymore . Take the money and run

Tue, 01/25/2011 - 18:12 | Link to Comment Ferg .
Ferg .'s picture

The money these guys have made ( and continue to make ) off of this rally since the August Jackson Hole speech must be pretty impressive . And they're being prudent , incrementally cashing out every week . You can bet that by the time the shit hits the fan ( assuming it ever does ) they won't be the ones with handfuls of value plummeting stock .

Tue, 01/25/2011 - 20:13 | Link to Comment Vendetta
Vendetta's picture

they never did.  just like the federal government doesn't give a shit about the country anymore either.

Tue, 01/25/2011 - 18:09 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

That's Impossible! Then how is the NYSE at 11,9xx.00 there Mr. smarty pants? There has to be more retail buyers than that.  <sac> off.

Tue, 01/25/2011 - 18:10 | Link to Comment bania
bania's picture

#Ref! --> 2,842x.  The trend is your friend.

Tue, 01/25/2011 - 18:12 | Link to Comment Anarchy99
Anarchy99's picture

Hmmm...

Don't see many PM firms on the list.

If any at all.

Welcome to Anarchy 99.

 

Tue, 01/25/2011 - 18:13 | Link to Comment JustPrintMoreDuh
JustPrintMoreDuh's picture

So I should be loading up on these equities then?

Tue, 01/25/2011 - 19:13 | Link to Comment UninterestedObserver
UninterestedObserver's picture

Sure - I heard they are handing out free bumper stickers with your purchase. You get the choice between " I am a lemming, watch me jump", I AM the dumb money" or I bought at the top can I sue my broker?"

Tue, 01/25/2011 - 18:32 | Link to Comment whatsinaname
whatsinaname's picture

I actually see a big bank in the list - USB..

Tue, 01/25/2011 - 18:50 | Link to Comment Travelerjim
Travelerjim's picture

Are there any alternative reasons for these ratios being what they are? Could these folks be buying in the grey markets, for example? It just doesnt make sense that this could go on for so long.

Tue, 01/25/2011 - 20:47 | Link to Comment topcallingtroll
topcallingtroll's picture

Dp

Tue, 01/25/2011 - 22:55 | Link to Comment Drag Racer
Drag Racer's picture

If you look at how much stock is dolled out to insiders as 'bonus' then you would not wonder why it could go on for so long.

Payday! Google CEO Eric Schmidt gets $100M bonus

bonus in stock...

 

Hey, they copy the fed and print worthless paper and give it fictional value.

Tue, 01/25/2011 - 18:59 | Link to Comment TheGoodDoctor
TheGoodDoctor's picture

Just the cream off the top. Thanks POMO!

Tue, 01/25/2011 - 19:11 | Link to Comment UninterestedObserver
UninterestedObserver's picture

So who was the retarded insider BUYING Tiffany stock?

Tue, 01/25/2011 - 21:01 | Link to Comment topcallingtroll
topcallingtroll's picture

It was funded by tiffany's marketing dept. Insider buying is the best advertisement

Tue, 01/25/2011 - 19:15 | Link to Comment Yen Cross
Yen Cross's picture

 Schmidt is just recruting for Europe legal team. Relax google is still bookable. Remember Larry RENTS a small home. eeeeeP eeeeeP

Tue, 01/25/2011 - 19:21 | Link to Comment Calmyourself
Calmyourself's picture

Only two explanations, buying PM's or they know that flogging this dead horse with POMO is not working much longer, otherwise?

Tue, 01/25/2011 - 19:24 | Link to Comment walküre
walküre's picture

All these corporations are very liquid.

Still, their insiders are selling $373 million of stock.

Are these stupid retail investors that are eager to take the stock off the insiders? Who here belives that?

If its not retail, it's the bank with freshly printed POMO money.

Anyone left in this country who has not yet been made whole by the Fed?

Tue, 01/25/2011 - 21:11 | Link to Comment dracos_ghost
dracos_ghost's picture

Or it's the 401(k) managers buying it for their participants from their hedge fund buddies and snatching up a referral fee.

Tue, 01/25/2011 - 19:25 | Link to Comment JW n FL
JW n FL's picture

REF# Bitchez! is now 1%.. that is real progress.

Tue, 01/25/2011 - 19:32 | Link to Comment Tim White
Tim White's picture

How in the hell do they have anything left to sell.? This has been going on for a decade! In the end, it's all bullshit and we're all dead...

Tue, 01/25/2011 - 19:48 | Link to Comment Don Birnam
Don Birnam's picture

Options, my good man ! Coupled with the "shareholder friendly" facade of a multi-billion dollar "stock repurchase" program ( to absorb all of these newly-minted shares -- must keep an eye on the float, you know ), the selling is self-perpetuating.

Green shoots indeed.

Tue, 01/25/2011 - 19:40 | Link to Comment DJIA36000
DJIA36000's picture

And insiders are going to lose their ass as we head straight to 36,000.  They should be buying right here.  Not selling.  

Tue, 01/25/2011 - 21:05 | Link to Comment topcallingtroll
topcallingtroll's picture

Another guy who has been around awhile but changes his handle to fit these evolving times and play a new role in the drama. Welcome back as a permabull. Love it!

Tue, 01/25/2011 - 20:56 | Link to Comment topcallingtroll
topcallingtroll's picture

Dp

Tue, 01/25/2011 - 20:58 | Link to Comment topcallingtroll
topcallingtroll's picture

I may participate in the market but i dont like it. The utter indifference nay contempt that management feels for.their ahareholder base is obvious even to a non accountant. But if stupid shareholders are making stupid money then i am with stupid. Weeds priced like flowers to echo the great oracle of omaha.

Tue, 01/25/2011 - 20:59 | Link to Comment goldenbuddha454
goldenbuddha454's picture

Zero Hedge is the F-ing best.  Noone says it straight up like ZH.

Tue, 01/25/2011 - 23:02 | Link to Comment wswarrior
wswarrior's picture

These insider selling to buying ratios don't say anything.  Insiders will always sell more than they buy because they are issued awards through RSUs and stock options.  With the run-up in the market, there are, of course, more options that are in the money leading to more exercises.  But executives rarely go out on the open market to buy shares unless they are trying to send some kind of message following an extreme route in the shares.  As someone who knows how executives and Boards work, why would they buy shares on the open market when they could issue themselves options and RSUs for free.  I'm as bearish as anyone, but this ratio does not say anything because insiders will always buy a hell of a lot more than they sell.  You have been posting these ratios for the better part of six months, but they only serve as propaganda in my opinion.  

Tue, 01/25/2011 - 23:36 | Link to Comment Yen Cross
Yen Cross's picture

Men &Women! It's upon us to restore CAPITAL to the UNITED STATES os AMERICA. Let's do it.

Tue, 01/25/2011 - 23:38 | Link to Comment Yen Cross
Yen Cross's picture

Sorry for the pun. Of AMERICA. OSAMA Sonof?

Tue, 01/25/2011 - 23:42 | Link to Comment Yen Cross
Yen Cross's picture

Lets listen to Tyler and the team. We need to digest.

Do NOT follow this link or you will be banned from the site!