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Insider Selling To Buying Ratio: DIV/0, As No Insiders Bought Any Stock In Prior Week
According to Bloomberg, in the week ended January 14 S&P 500 insiders sold $163 million worth of stock in 54 separate transactions. They bought exactly $0. That's right, in the last week, there was no insider purchasing. This is the first time in years (and possibly for ever) in which we have seen a week during which there was not one purchase by an insider. Surely, there is no need to comment on this result.
Source: Bloomberg
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no dip, no buy...:)
YEP! NO DIPEE NO BUYEE!
Rats are jumping off the sinking ship
The rats are all leaving the ship
They must have received a good tip:
"Sell the top...get out now"
"Buy a gun...buy a cow"
"Leave the suckers to buy the last dip"
Rats are jumping off the sinking ship.
Not really. Indices are all up and AAPL is now 14 points off its low of the day. Doesn't sound like a sinking ship to me. Open your eyes and see what the market tape is telling you. That's all you need to know.
lulz. You think you live in an ipad. Too funny.
I'm going to nickname my neighbor's 3-legged dog HarryWanger. He limps around painfully, always barks at nothing, but somehow at the end he's happy with the rotted bone he gnaws on at the end of the day.
Needless to say, this dog is either too dumb or too slow to avoid an oncoming car in the street. Good thing the neighbors drive around this clueless dog, but even they privately complain that he's an eyesore and hopes one day he gets run over they way he aimlessly walks around without a care in the world.
the laughter following the reading of your post almost killed me, or is maybe doin so right now, hahahaha...!
hey wanker..:!! - keep up the "good" work...! dont even junk you, your service is valuable to me ;) there are contrarians who dont even know about being one, right? ;)
Here's what the bears are facing in 2011.....worth a repost (might throw in the "January Effect" while at it)......I'll try not to repost too often throughout the year as seeing the Snp's at 1400 will be painful enough.
The third year of a presidency is historically a favorable one for the markets – data indicates that on average, the S&P 500 gained 14.12%, and average gains were 17.7% under a Democrat party leader. The last time the market was down in a 3rd year was in 1939. That's 19 straight 3rd years in a row of being up. A stat the bears/shorts shouldn't ignore.
Yeah. Uuhmm OK. You got a stat on the last year we were 14 kigajillion in debt? Cause I'm not saying you might not be able to make yourself a couple of Benjamins here in the next few, but you might want to get with Harry and try to figure out whether or not you two want to go long green bananas.
Great articles! Fantastic information I also got lots of from this post and getting everything, and I will read them again and again!
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Everybody needs to listen to Harry, he knows what he is writing about because he reads Marketwatch, Yahoo finance, and subscribes to Vectorvest. Those little line things are all pointing up on the charts --- means buy buy buy more Apple.
$x / 0 = NaN
If the Bernank can't get these guys to buy stocks, why should we?!
Tyler,
This means nothing other than every corporate officer was chock full of Christmas stocks and couldn't take another bite. Give them another week or so to digest those heaping helpings of delectable offerings and they'll be back for more.
Cooked goose all around.
speaking of a cooked goose, check out TSN and PPC for independent food manufacturers; they have distinct brands, raise and kill their own chickens/turkeys, are based in mexico/so america, and will have favorable price compettition.
Now is the time to buy before the insiders come back in.
RIGHT Harry yes the insiders are just waiting for higher prices to buy...too cheap right now!
+++ SheepDog
Insider BUYING is normally a bullish sign for those stocks. Insider selling can be for many reasons. But, NO insider buying? Ominous.
I really dont give a rip about Apple, but just for comedic value and Harrys absence for a while, Id love to see Apple drop a big earnings turd!
Centrally planned organizations give guarnteed profits assurances from the mutual of obamalaw.
lil bush part duex in technicolor is just a cog in the wheel... he has turned fucking gray over this shit! and who ever takes his place... QUOTE ME!!!!!! will do exactly the same thing, or be dead or worse... and not by my hand to be clear! money gets what money wants.
#REF! bitchezzz!!!!
This is another of the 5 or 6 Harry Wanger clones.
This one has a q for a g too. HarryWanqer.
Gaddammitt! That WanQer ass goddamn gets me every time.
I like him.
The one who posted up top has been here for over a year. I'm certain he's the original. Douchey as ever.
Cause everyone knows insiders are the dumb money. Always in last, those stupid insiders.
Too stupid to tell how stupid.
so there's HamyWanger, HarryWanger and now HarryWanqer anymore variants out there?
Hairy Wanker
you just now got his joke?
There was a HarryWonker some time ago.
This will keep on going as long as ZH approves them for registration. I suspect people are piling on the pig now that they see how much fun can be had. But I also suspect old Harry Palm is having some fun of his own.
While it isn't that difficult to register a new account here, it still requires some thought and effort. I wonder about people who are not banished, yet still take the time to create multiple accounts. Sounds awfully troll-like to me.
I've gotta admit it CD, I kinda like the fake trolls. It's one of the few cases in life where the knockoff is better than the original.
Here is your "consumer led" recovery. http://www.bloomberg.com/news/2011-01-18/rich-americans-raise-consumer-spending-with-little-help-from-middle-class.html
HW, I have held off bashing you as a contrarian voice is often helpful and I am no trading pro like some here.. That said, your statment above is perhaps the dumbest thing you have ever written here. That was embarassing, perhaps you could expand and show me how I am wrong. How can my information be better than "insiders"?
Calmyourself,
Please calm yourself and recognize that it isn't HW. Spell out the last name slowly. There is a "q" in there. It's just another example of ZH street performance art.
You've gotta love the joke, TD and crew must be laughing their asses off.
I bit.
Thanks for the advice, oh sage, just caught that. You are always so prompt with the sanctimonious snark from atop the mountain.. But then some are too stupid to tell how stupid, right..
Like I said, Calmyourself oh calm one. I am not the enemy. Try directing your anger at your oppressor rather than at your fellow slave.
I am starting to think you have a bit of a woody for me.. Please don't go away mad, just go away. It's a big internet, you can find someone else to offer unsolicited advice to no?
Harry, you fooled me, I thought you were Hamy!
As repeated above, I'm going to nickname my neighbor's 3-legged dog HarryWanger. He limps around painfully, always barks at nothing, but somehow at the end he's happy with the rotted bone he gnaws on at the end of the day.
Needless to say, this dog is either too dumb or too slow to avoid an oncoming car in the street. Good thing the neighbors drive around this clueless dog, but even they privately complain that he's an eyesore and hopes one day he gets run over they way he aimlessly walks around without a care in the world.
Oh give the guy a break ....24 junks and counting.
Valiant effort Harry...almost makes sense if you don't think about it too long. ;~}
Okay Harry, normally I leave you alone cause you're just the Happy go Lucky, "Buy the Dip" bulltroll. This has absolutely got to be the DUMBEST FUCKING HELLATROLL THING YOU HAVE EVER SAID.
While you're at it, why don't you go wire up your breaker box before the electrician gets there.
JUNK!!!!
EDIT: I should probably just delete the whole post, but I'm leaving it up in honor of WanQer. He is by far the best Wanger troll out there.
Anyone still in the market with corporate equities other than commodities or PM-relateds is like Wiley Coyote with one foot already over the cliff.
+ DBA
+ CORN
+ precious metals
Noticeably absent are the banks. Guess they will do their insider selling the last week of Jan.
There are only 5 reasons that I can come up with why that number is slightly beyond CONSENSUS:
1. The awfull SNOWMAN prevented them from buying
2. THEY FORGOT to do so because... because their bonuses are to low!
3. The EVIL mass media is behind all of this!
4. After 3 weeks of vaction, THEY FORGOT their password to login into their trading accounts.
5. They bought SILVER bullions instead
Wonder if there were any hedge fund algorithms that blew up with a divide by zero error...
THE Y2K BUG FINALLY CAUGHT UP WITH US!!!
Traceback (most recent call last):
File "GSachs_insider_analysis.py", line 666, in <module>
insider_ratio = insider_sells/insider_buys
ZeroDivisionError: float division
just a hint for any robo-trader:
if( insider_buying == 0 ){
forceBuy( PMs.SILVER, INF);
throw new ZeroHedgeException("run Forest, run!");
}
Insiders know than when P/E multiple approaches infinity it's time to sell it to the little retail guy. No, wait, that was so 2006-2007. Now they sell to THE Sackman.
And the little guy taxpayer gets to be the Sackholder.
Is that the "virtuous circle" uncle Ben was talking about? ;-)
Signs signs, everywhere. Zero Buying. Surely that is the toppiest indicator there can be, right?
The rats have swum away, to sink in their own hell.
What about us?
This shift upcoming Jan 21st will be pivotal. Like a massive, permanent change inducing event. hopefully nothing bad, but epochal.
I guess we'll find out in a day or three eh?
ORI
http://aadivaahan.wordpress.com/2011/01/18/the-callousness-of-pornography/
Sign sign everwhere a sign, Blockin out the scenery breakin' my mind, Do this don't do that can't you read the sign? ---I can read the sign quite well, thanks. It's telling me to not B the F'in D.
But when they passed around a plate at the end of it all, I didn't have a penny to pay, So I got me a pen and a paper and I made up my own little sign. ---This would be the Bernanke Verse.
Those insiders are always the last to know, so it's a great time to be a contrarian. /.
Yep, and the market goes wee wee wee all the way up. It appears some of the smarter than average bears (hey Boo Boo!) have read the tea leaves and didn't like what they saw. Comments from LameStreet media: zzzzzzzzzz.....
Your methodology is flawed. Add Ben to the insider's list. The resulting value will have a "e-" somewhere in it.
QE∞
Qfinity
QEfinity
QUEEF
QUEEF??!!
Any relation??
http://sniffpetrol.com/author/troy-queef/
BE The Dip!
*Brought to you by the publisher of 'Zen & the Art of Motorcycle Maintenance'
LISTEN TO THE DIP LUKE
THE DIP IS STRONG IN THIS ONE!
I am your father, dip. You know it's true. Feel it....
Why aren't these guys buying the dip? <sarcasm off>
1. Corporations want cash for when liquidity dries up again as banks nose-dive again. (Which begs the question, if you've recently had a near-death-experience, like 2008, wouldn't the TBTFs change a few things? Hmmm...not when you've got the Fed and taxpayers backing up all your wild-ass gambles, I guess.)
2. They know that the run up thepast year is a massive pump 'n dump scheme.
3. They're all stupid and don't realize that Facebook is gonna change everything.
4. They're waiting until they get back
to 85% of 2006 revenue.
Insiders already have a bazillion shares and ISO's. There's zero reason to buy more when they get it for a massive discount. Why do you keep posting this meaningless stuff?
They all came to this conclusion last week? What part of this has never happened before didn't you get?
Yes, there are always more insider sells than buys over time, obviously. But there once was a time that insiders would actually buy shares. This happened as recently as April of 2009. It is the ratio on a relative basis that can signal market tops and bottoms, undervaluation/overvaluation.
Since stocks now only serve to enrich senior management and banksters, this is not a surprising statistic.
Best sign of a recovery: Family Dollar Stores selling.
The rest: Feh. Management is always selling. Part of the compensation packages. The selling tells more about tax laws than anything else. As long as CG taxes are lower than wages, the balance will always be in favor of selling, especially with high medicare and Social Security taxes.
Remember these sales are from share bonus and options. None or almost none of the sold shares come from direct employee purchases.
Think of these sales being good for homebuilders and yacht builders.
"This is the first time in years (and possibly for ever) in which we have seen a week during which there was not one purchase by an insider."
So this is Bullish ? NOT . Nobody - not one bought stock . I think it shows a serious lack of faith in the markets and "recovery" going forward .
Sorry about the bold I cant get it to turn off ????
just disable rich text (down under the edit box) and then only imagination is your limit
Aren't executives (usually) always buying as part of the same compensation packages?
The Dollar Store in my neighborhood went out of business last year.
From Keith Hennessey...
"Last Friday I spoke to more than 200 Republican House Members at the House Republican retreat in Baltimore. I was one of three on a panel on the budget, chaired by House Budget Committee Chairman Paul Ryan.
I will post separately about my presentation and my thoughts on the retreat, but I was struck by the enormous impact of having 96 new Members in this year’s freshman class (87 R and 9 D). I realized that many of these freshman find themselves immersed in substantive and strategic discussions about the budget, the continuing resolution, and the debt limit before they have had an opportunity to learn the basics of the budget process.
I have therefore written this memo for them. I hope you might find it useful, too. Here it is as a PDF."
http://keithhennessey.com/2011/01/16/memo-introduction-to-the-federal-budget-process/
#REF!
Hey, that means there are more shares for shee....er...outside investors to buy.
Is the sell volume atypically high?
I think they are buying gold...
I'm sure this is bullish.
No, I couldn't even type that with a straight face.
Maybe there are no more insiders? Except one... The Bernack!
exactly
#REF! BITCHEZ!
Now that they've figured out how to successfully divide by zero they have a better shot at unearthing the Higg's boson.
While dividing by zero remains undefined, the closer the divisor gets to zero, the larger the quotient. Therefore dividing any number by zero must approach infinity, which is how they figure out how much money to print.
look, cheeky... you stoned math teacher.. put down the gunja and fucking get a real job! lol you damn sure have the talent, you need me to call across the pond for you? kpmg? where you wanna go?
I am not cheeky.
You guys that think this ramp is for real are in for a big surprise. I do not want to be around this market when it tanks. This is beyond absurd.
The market wont tank because this is not a market. Its a Casino and Sam ( Ace ) Rothstein is running the show. The house always wins
"That kid's name was Moe Greene. This was a great man, a man of vision and guts."
The Ben Bernank aspires to be Moe Greene.
WHAAAAAA, Ricky!!!! What am I going to do with all these potato chips w/o the dips???
Tyler:
Belgium did a early bonds sale that was planned normally for 31 januari.
In this way they hoped to collect 5 billion euro.
The bond sale STOPPED at 3 BILLION!!
IT'S GOOD TO BE from belgium...
Keynesians must use Black Knight's logic: I'm not defeated, I'm still fighting !
Gold. The rally attempt fails after 4 hours.
And if you look long and hard at a " 6-month chart " it's brutal, not good......
lol
Good news! The insider sell/buy ratio has finally peaked!
Most people have to be very careful about where they dip their wicks.
But alas, not Bernanke.
He has the ultimate prophylactic in the U.S. taxpayer; open, use, stain and soil, and discard.
Companies are real assets.
Shares are financial assets
which can be created out of
thin air.Sounds familiar??
Titanium Metals chairman bot $2.5 million worth of his own stock a couple weeks back. He was the only buyer, I believe, during that week.
http://www.thestreet.com/story/10976939/1/stocks-with-large-insider-selling-buying.html?cm_ven=GOOGLEN
March 20 calls.
Correct. Zero Hedge pointed that out last week (http://www.zerohedge.com/article/114-times-more-insider-selling-buying-first-week-2011). It is nice of TheStreet to use our charts without attribution.
Yes, it's true, and I have you to thank for the the profits thus far... Thanks, TD!
// secret HFT source code as posted on WikiLeaks
do { stocks.buy(spx) } while (suckersStillInMarket >= 1);
And the sad thing... stocks will probably continue to rally !
This is what happens when you divide by zero:
http://images.cheezburger.com/completestore/2010/6/27/328f53dd-db97-4998...
Oh my!
Now multiply that empty hole times the daily pomo'd div/0 and we're talking some serious destruction!
That happens when you cut spanding on road infrastructure.
Be avare, never vote unins out of office !
result = unlimited stock buys by the FED
So that makes the ratio 163 million divided by zero which is infinity... how does that graph?
So it looks like insider selling is directly correlated to a rise in the stock market.
"Surely, there is no need to comment on this result."
And yet, there are now over 100 comments...
Including this one...
Dang, that ticks me off. Not even one insider would buy one share so there would be a divide by zero. Blew the whole program. Could have taken out the NYSE.
I had alot wrote about this but me trying to post a pic to show you wiped out what I said, so to make it simple. The Insiders are getting out because the Dow is showing the classic head and shoulders pattern but over a 10 year period. The Dot.con implosion and instead of allowing it to meltdown and cleanout the market Greenspan gave out easy money that moved it backup again to form the head and then we imploded again and went down again (which this is important because we went down to around the same vicinity of the dot.con market implosion but 500 points lower) and with the QE's we went straight back up. The insiders see this as what it is another leg down is about to happen and they want to get their money out to wait and see if it will be possible to have another leg up so they can buy stocks and assets on the cheap.
But I have another theory and when you follow the link you will understand. From 1988 to 2000, it took 12 years to get from about 1900 on the dow to the apex of the first shoulder which was 11,497 before the dot.con implosion. In fact you can almost say that was around the time that Greenspan had to manipulate the markets because of the S&L crisis of 1987 the year before. And so it moved real step up almost following the arm up to the shoulder and then forming the head and shoulders and know we are on or close to the top of the second shoulder. I think we may see the start down going as far down as it came up back in 1988 at least. We may see 12 years of a bear market or longer. And if you don't think that is possible, look at Japan, they never wrote off all that bad debt on their TBTF banks and they had 20 years of a recession. They didn't take our advice and guess what, we aren't taking our advice either.
This is what they are watching and this is what the insiders are betting against. Are we this time going to just go down for a year to form the last shoulder low and then come back up or are we going to continue to go down and have a 12 year or multi-decade bear market.
http://stockcharts.com/charts/historical/djia1900.html
http://www.investopedia.com/terms/h/head-shoulders.asp