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Insider Selling Only 28 Times More Than Buying In Prior Week

Tyler Durden's picture




The prior week's insider transaction indicated a significant moderation in insider selling, with insiders selling only 27.7x more than they bought, at $106.1 million vs $3.8  in buys versus sells, respectively. Obviosuly insiders are catching wind that things are now truly back to normal.Source: finviz.

 




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Fri, 10/02/2009 - 13:05 | Link to Comment tradertim
tradertim's picture

as i said before...just wait till all those sellers become buyers again. if after all that selling, the market has only retreated a few percent, there could be a meltup coming before the next truly big meltdown comes.

Fri, 10/02/2009 - 13:37 | Link to Comment buzzsaw99
buzzsaw99's picture

The maggots cashing out stock options in droves is hardly cause for optimism.

Fri, 10/02/2009 - 14:44 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

You have no call tearing down maggots by comparing them to corporate execs. Please apologize to our little friends.

Fri, 10/02/2009 - 15:19 | Link to Comment MsCreant
MsCreant's picture

Agreed. Maggots make a contribution to society.

Fri, 10/02/2009 - 15:30 | Link to Comment Deficient Market
Deficient Market's picture

Exactly, maggots do everyone a service by eating up filth, while corporate execs do the opposite by creating and peddling filth.

Fri, 10/02/2009 - 15:15 | Link to Comment Assetman
Assetman's picture

Oh, it's even worse than that, buzzsaw.

The level of stock option issuance and acquisition is as low as its been in years.  The maggots that are acquiring these options really don't "lose money" on them, but can "make money" if they sell options higher that the price of acquisition.

What it implies is that the maggots that purchase these things are holding back.  And why would they holding back for?

Lower prices.  Much lower prices.

Fri, 10/02/2009 - 13:10 | Link to Comment Michael
Michael's picture

Is everybody aware of all the nuances of the macro-economic implications for the entire planet based on this news?

Climate fears based on lies, Calgary told Think-tank adviser says CO2 not a threat; Warming science called flawed

http://www.calgaryherald.com/health/Climate+fears+based+lies+Calgary+told/2058176/story.html

Fri, 10/02/2009 - 14:45 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

If anyone has read State of Fear by Crichton, they will know that global warming is just fear mongering.  NASA had some news out last year about the polar caps on Mars melting more than expected, not due to man made pollution, but due to variences in the sun's temperature.

Cap and Trade is just another way for someone to make money at the expense of others.

The world does not need saving.  It will be here a long time after we are all dead.

Fri, 10/02/2009 - 17:31 | Link to Comment Anonymous
Sat, 10/03/2009 - 12:18 | Link to Comment Anonymous
Fri, 10/02/2009 - 17:40 | Link to Comment Anonymous
Fri, 10/02/2009 - 18:05 | Link to Comment Michael
Michael's picture

Scientific consensus and peer review is on the rocks and is discredited due to this news.

Please do a little more research, and anyone who relies on wikepedia is a dope.

Thy these sites;

http://www.climateaudit.org/?p=7168

http://www.climatedepot.com/

http://wattsupwiththat.com/

Fri, 10/02/2009 - 18:45 | Link to Comment Anonymous
Sat, 10/03/2009 - 06:11 | Link to Comment Hephasteus
Hephasteus's picture

Sorry dude. When you guys gave Al Gore a nobel prize for An Inconvenient truth. You completely lost my wilingness to listen to your crap.

I watched Al Gore grapple with basic math concepts while listening to someone try to explain bandwith diffferences between a T-1 and an OC-3. HIs mind has all the scientific capabilities of mold slime.

Fuck God. It's not just that the guy is an asshole. It's just that he's an asshole with a God complex.

Fuck Global Warming Scientists. It's not just that they are assholes. It's just that they are assholes intent on turning limitations into profits.

The earth's temperature fluctuates. All we are doing is converting more hydrocarbons and carbohydrates back into more hydrocarbons and carbohydrates. Plus a bit more limestone on the ocean floor.

http://khqqdw.bay.livefilestore.com/y1p5HO9wC6wY5kHiBbfb17Iu06alSN9Q8hJz...

I just had to add. I hope you hate limestone too. Cause that means you hate marble and if you ever break a hip and fall on a marble floor you set the bone yourself and then lick the floor to heal it. But since you hate throwing carbon out and letting it combine with stuff. You just lay there on the linoleum and DIE. LOL

Sat, 10/03/2009 - 02:54 | Link to Comment Michael
Michael's picture

I just had to respond to this.

You got to be kidding me. You said, "Anyone who could show that anthropogenic climate change was non-existent would win a Nobel Prize." And you are right and that person is mild mannered Stephen McIntyre.

And how many people on the entire planet do those scientists you speak of are enumerated at? Lets just agree that number would be .001% of the entire population. So you are telling me that .0001% of the population hold sway over my life without a debate?

Fri, 10/02/2009 - 20:15 | Link to Comment Anonymous
Fri, 10/02/2009 - 21:31 | Link to Comment Cursive
Cursive's picture

Anthropogenic?  F*ck off.

Sat, 10/03/2009 - 12:41 | Link to Comment Anonymous
Fri, 10/02/2009 - 17:57 | Link to Comment dcosby7
dcosby7's picture

As an environmentalist, I don't play the Global Warming card.  I further don't agree on carbon cap and trade(another ponzi).  Personally, I just want a cleaner, less polluted environment to live in and for others to live in.  I don't despise coal use because of melting polar caps, but because of the effects of coal mining/burning on it's surrounding areas.  If industry has to be held over the fire to get them to change (via pollution taxation of some sort) I'm fine with that. 

Fri, 10/02/2009 - 13:21 | Link to Comment Anonymous
Fri, 10/02/2009 - 13:41 | Link to Comment Michael
Michael's picture

Don't shoot the messenger because the information is 100% accurate.

Fri, 10/02/2009 - 13:54 | Link to Comment MsCreant
MsCreant's picture

What if the messenger just needs shooting?

Edit: Michael, you post obsessively on this topic at Mish's and on this site. Occassionally you will say something relevant to the discussion. But it is mostly on how climate change is a hoax. I don't have an opinion to express here about it. But I do know you do this.

I will not shoot you but I will be direct. Are you paid to spread this info on these kinds of websites that might have sympathetic readers? Or are you enthralled to the topic?

Fri, 10/02/2009 - 14:06 | Link to Comment Michael
Michael's picture

I've been posting off topic on this subject for more than a year now because it has economic implications. I am not paid for this but I will pay if Cap-And-Trade passes. My main goal is to kill Cap-and-Trade with truthful scientific observations. Climate and weather are my hobby, just as economics and politics are my hobby. I am a machinist by trade.

I am flattered you recognize me. Can you ask Mish and CR to un-ban me when you post over there again? At least when I get banned I know I am doing my job.

Fri, 10/02/2009 - 14:47 | Link to Comment Michael
Michael's picture

P.S.

I've been banned at Huffington Post, Democratic Underground, Town Hall, and Red State as well.

Fri, 10/02/2009 - 19:19 | Link to Comment Assetman
Assetman's picture

I wonder why...

Sun, 10/04/2009 - 02:14 | Link to Comment Hephasteus
Hephasteus's picture

Assetman. He knows both correlation and causation. He can spot it like an owl.

Fri, 10/02/2009 - 13:49 | Link to Comment Deficient Market
Deficient Market's picture

Actually the whole article is just an opinion with the only factual information presented being the discussion of how the DDT ban increased the cases of malaria by 20 times, and even that misses a critical point that the ban itself had no direct impact on mosquito populations as DDT has always remained legal for waterways applications, but due to the lack of economies of scale for the manufacturers once it was banned from use on certain common crops, it became too expensive to use for killing off mosquitoes in the third world. So basically the only factual information he utilizes as a comparison to justify his opinion in an unrelated field that he has no prior experience in, still misrepresents the facts to fit his argument.

Fri, 10/02/2009 - 13:50 | Link to Comment Anonymous
Fri, 10/02/2009 - 14:39 | Link to Comment Michael
Michael's picture

Glad to oblige. All the information can be found here.

http://www.climatedepot.com/

http://wattsupwiththat.com/

Fri, 10/02/2009 - 13:23 | Link to Comment SilverIsKing
SilverIsKing's picture

Makes sense.

Does NBC have the Olympics is 2016?  Those fcukers are pimping again.

Fri, 10/02/2009 - 13:25 | Link to Comment Deficient Market
Deficient Market's picture

It could be that they've already sold most of what they could and are now just running on fumes, with the market having gone way higher than they expected. Their level of selling and buying is close to 10x smaller than the average week in August.

Fri, 10/02/2009 - 13:33 | Link to Comment chumbawamba
chumbawamba's picture

Exactly.  They're all already in gold and silver.

I am Chumbawamba.

Fri, 10/02/2009 - 14:01 | Link to Comment buzzsaw99
buzzsaw99's picture

They sold early because they knew the shares were fundamentally over-valued, one penny is more than many are worth.

Fri, 10/02/2009 - 13:29 | Link to Comment Anonymous
Fri, 10/02/2009 - 13:44 | Link to Comment Anonymous
Fri, 10/02/2009 - 13:58 | Link to Comment Anonymous
Fri, 10/02/2009 - 14:00 | Link to Comment Anonymous
Fri, 10/02/2009 - 14:19 | Link to Comment Anonymous
Fri, 10/02/2009 - 14:30 | Link to Comment rr_
rr_'s picture

Corps switched from option awards to share awards. So its free money no matter where the price has gone. Can even use the loss to offset other gains.

Fri, 10/02/2009 - 19:25 | Link to Comment Assetman
Assetman's picture

Share awards (restricted stock) have not been a total replacement for stock options.  The former has become a greater % of total compensation, but option programs remain at most public companies.  I know, because I vote on a boatload of proxies.

Beleive me, when the timing is "right" there will be a flood of option issuances.  It's just a matter of time... and price.

Fri, 10/02/2009 - 15:36 | Link to Comment Anonymous
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