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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

 

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Tue, 01/25/2011 - 17:54 | 904146 tellsometruth
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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 | 904150 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 | 904190 LMAO
LMAO's picture

@ tellsometruth

State of the Union...

 

I suspect a typo:

State of the Onion...!

LMAO

Tue, 01/25/2011 - 18:33 | 904239 whatsinaname
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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 | 904148 Sudden Debt
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Tyler, you should have known that this is because of the snow that has melted.

Pretty clear actually...

Tue, 01/25/2011 - 18:01 | 904152 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 | 904173 Sudden Debt
Sudden Debt's picture

Sometimes my balls itch.

 

 

Tue, 01/25/2011 - 18:01 | 904154 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 | 904158 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 | 904177 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 | 904456 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 | 904169 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 | 904171 bania
bania's picture

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

Tue, 01/25/2011 - 18:12 | 904182 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 | 904187 JustPrintMoreDuh
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So I should be loading up on these equities then?

Tue, 01/25/2011 - 19:13 | 904326 UninterestedObserver
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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 | 904232 whatsinaname
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I actually see a big bank in the list - USB..

Tue, 01/25/2011 - 18:50 | 904277 Travelerjim
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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 | 904509 topcallingtroll
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Dp

Tue, 01/25/2011 - 22:55 | 904972 Drag Racer
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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 | 904297 TheGoodDoctor
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Just the cream off the top. Thanks POMO!

Tue, 01/25/2011 - 19:11 | 904320 UninterestedObserver
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So who was the retarded insider BUYING Tiffany stock?

Tue, 01/25/2011 - 21:01 | 904548 topcallingtroll
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It was funded by tiffany's marketing dept. Insider buying is the best advertisement

Tue, 01/25/2011 - 19:15 | 904331 Yen Cross
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 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 | 904341 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 | 904348 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 | 904577 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 | 904350 JW n FL
JW n FL's picture

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

Tue, 01/25/2011 - 19:32 | 904363 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 | 904384 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 | 904375 DJIA36000
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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 | 904558 topcallingtroll
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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 | 904531 topcallingtroll
topcallingtroll's picture

Dp

Tue, 01/25/2011 - 20:58 | 904534 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 | 904547 goldenbuddha454
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Zero Hedge is the F-ing best.  Noone says it straight up like ZH.

Tue, 01/25/2011 - 23:02 | 905004 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 | 905141 Yen Cross
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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 | 905150 Yen Cross
Yen Cross's picture

Sorry for the pun. Of AMERICA. OSAMA Sonof?

Tue, 01/25/2011 - 23:42 | 905161 Yen Cross
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Lets listen to Tyler and the team. We need to digest.

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