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Insiders Close Off Last Week Of 2010 In Style:3 Buys and 34 Sales

Tyler Durden's picture





 

The last week of 2010 was not an outlier to the prevailing trend of consummate selling by insiders which has marked all of 2010. Just like in previous weeks when selling vastly outpaced buying, so the week ended December 31 was no exception on the S&P: there were three insider buys for a total of $4.3 million (including one purchase for $4.3 million by a TIMET executive, where a continuing 10b-5 program seems to be accumulating stock, while on the selling side there were 34 deals worth 81 million in notional. The bulk of the selling was in Starwood, which has seen aggressive selling for several weeks if not months now, as well as Qualcomm, Salesforce.com, Varian Medical and Abercrombie & Fitch. Unlike suspectible retail investors, insiders refuse to flip to the other side and become buyers. But what do insiders know that retail doesn't...

Source: Bloomberg

 


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Mon, 01/03/2011 - 13:57 | Link to Comment Phineas Gage
Phineas Gage's picture

TD - Did you ever put up a piece on Iceland's comeback?  Looks like they've recovered to little fanfare.  Thanks

Mon, 01/03/2011 - 14:00 | Link to Comment Tyler Durden
Tyler Durden's picture

It's called fresh start accounting. It has worked ever since the whole bankruptcy process was conceived, and has stunningly always worked... Too bad creditors have to be impaired: you know, the same ones who threatened the end of the world if they are, in fact, impaired.

Mon, 01/03/2011 - 14:12 | Link to Comment Phineas Gage
Phineas Gage's picture

Agreed on all points.  I read that the EU central bank was unhappy with some comments made by the Icelandic leaders regarding having malinvestment punished - i.e., creditors taking haircuts.  Just wondering if it got coverage here.

"Iceland's president, Olafur Grimsson, irritated EU officials last month when he said his country was recovering faster because it had refused to bail out creditors – mostly foreigners."

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8187476/Iceland-offers-risky-temptation-for-Ireland-as-recession-ends.html 

 

Mon, 01/03/2011 - 16:57 | Link to Comment middle child of...
middle child of history's picture

Classic Tyler Durden response. You are the Sage.

Mon, 01/03/2011 - 14:03 | Link to Comment TruthInSunshine
TruthInSunshine's picture

As small a nation as Iceland is, didn't they also happen to say 'faq you' to Britain and those wanting to impose economic sanction given a threatened default?

Iceland's President Effectively Tells UK "Go To Hell"
Mon, 01/03/2011 - 14:02 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

What? Did Svegn really lead the Norsemen on another steel-tipped raid on Newcastle ?

Mon, 01/03/2011 - 14:02 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

Seeing the orgy of sales turns me on.

Mon, 01/03/2011 - 14:12 | Link to Comment gwar5
gwar5's picture

Insider selling not good but not as pervasive

Mon, 01/03/2011 - 14:16 | Link to Comment pat53
pat53's picture

Insiders are always selling, thats how they get rich. SPX is going to 1300, get long or get left behind

Mon, 01/03/2011 - 14:18 | Link to Comment TruthInSunshine
TruthInSunshine's picture

LMAO!

Insiders don't ever buy in heavier ratios than sell?

Mon, 01/03/2011 - 14:22 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

Pat-because you are a troll like my son, you have no clue what you are talking about. Insiders are leveraged, just like your parents are. Even though an insider may make $1mm/year, they may need to pay down debts and de-leverage like your parents, who make about $25k/year combined.

Mon, 01/03/2011 - 14:30 | Link to Comment pat53
pat53's picture

First off....fuck off moron. I've made a killing being long the market while permabears like you have probably been getting creamed for the last 2 years, becuase you don't GET IT. My parents are DEBT FREE and doing just fine.

Sounds like "your son" is filthy rich, and he didn't get there by listening and acting on all the BS the bears spew out. He got there because he's a lot SMARTER than you...dope !

Mon, 01/03/2011 - 14:53 | Link to Comment Commander Cody
Commander Cody's picture

Good for you on your killing.  Just because we are all in amazement that the printing of limitless dollars by the Fed, the lack of accounting standards based in reality, and the effects of computer-driven market slosh has levitated stocks and other assets to heady levels, does not mean that we have missed out on said levitation.  Its gonna end though.  Are you prepared?

Mon, 01/03/2011 - 15:01 | Link to Comment Raynja
Raynja's picture

Ummmmm most the permabears are in love with pm's, which killed equities this year.

Mon, 01/03/2011 - 15:07 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

No, permabears have not been getting killed. Most of us are smart enough to know this is a ponzi scheme and would never short a market with endless paper backing. We invest in solid goods and materials that are killing the broad market indices you are using. You could throw a dart at any stock right now and make money. So if you think you are smart because you can do that, cool. However, the actual bulls right now will be left holding the hot potato when the game is up. We'll be left holding durable goods and metals. So listen you little fuck stick, get off your parents computer or go back to playing world of warcraft with your friends from school.

Mon, 01/03/2011 - 15:28 | Link to Comment buzzsaw99
buzzsaw99's picture

tell us more about your parents. lulz

Mon, 01/03/2011 - 14:25 | Link to Comment AGoldhamster
AGoldhamster's picture

Tyler - what about a post about James Turks outlook for 2011?!!!

Here's the gist:

Hyperinflation
Gold 2000, low in January
Silver 50, high in first half of 2011
Crude 150
Copper 6
XAU 300
GSR 30 (that would implicate 66.67 for silver!)
Another Lehman
Dollar collapse as of end of 2011

Link including my comments: http://marketcyclesresearch.blogspot.com/2011/01/outlook-2011-by-james-turk.html

Link to turks site: http://www.fgmr.com/outlook-for-2011.html

 

Mon, 01/03/2011 - 14:50 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Hyperinflation ? Nope.

China will slow down as she revalues 20% over the next 3 years. The rates will go up fast and this will help the USA trade imbalance over time.

Then the USA goes on a ten year bull run.

Mon, 01/03/2011 - 14:39 | Link to Comment jharry
jharry's picture

It's a simple formula. The guv keeps the price of stocks up. Most of the insiders sell their stock to the guv who will eat the losses.

Mon, 01/03/2011 - 15:06 | Link to Comment TruthInSunshine
TruthInSunshine's picture

The guv keeps the price of stocks up. Most of the insiders sell their stock to the taxpayers who will eat the losses.

Fixed.

Mon, 01/03/2011 - 15:23 | Link to Comment topcallingtroll
topcallingtroll's picture

I hate to be such a troll but using a dataset of 37 individuals to make broad market calls is silly. This is just 37 transactions right?

Mon, 01/03/2011 - 15:54 | Link to Comment No Mas
No Mas's picture

Not a troll; just a legitimate observation.

Tyler must post a crisis of the day or a signal the end is near of the day to keep the ZH sheeple interested.  They have no clue how good things are or how well things are going to go in the coming year.

Tyler feeds the doomers and they come to this site to worship and pay homage to their own version of "Dear Leader".

Anyone who cares about reality can't take this site very seriously but it is good entertainment.  The ZH sheeple go from "the markets are going to crash" to "of course they're not going to crash" faster than a Hyabusa can make it to 60.  All they need is a good dose of "Oh hell yeah, the system is going to crash and the man will have hell to pay!!" and they happily frequent ZH, feeling relieved and justified.

Meanwhile, the world is chugging along, leaving the ZH sheeple in its dust.

Be careful with such honest assessments as you have made; the ZH sheeple will come out in their hoards to junk you and proclaim your ignorance.  Independent thought is not treasured here.  Think of ZH as the MSM in reverse.  Neither seems to have a real clue but at least the MSM has been RIGHT in predictions of a recovery and a rally.

By the way ZH sheeple, 2011 will be a very good year except for the uneducated and unskilled worker.  They will remain on foodstamps and section 8, happily packing on the pounds and watching the whatever with the stars.  Relax and enjoy the ride.

Mon, 01/03/2011 - 16:03 | Link to Comment Deep
Deep's picture

Let me guess, your "ONE of the guys who toptick", sell at the top, then short, then buy at the bottom, blah blah blah

YOU DO KNOW THE MARKETS HAVE DONE JACKSHIT FOR 10 + YEARS, RIGHT?

not once has Tyler said short this, go long this, except gold, which beat the market by a factor of 2. oh let me guess, you didn't buy the market, you loaded up on nflx, apple, pcln, blah blah blah

What had gold done in the last 10 years.

What has the US dollar done in the last 10 years.

You are losing my freind, you are just too stupid to realize it.

 

Mon, 01/03/2011 - 16:09 | Link to Comment squexx
squexx's picture

So why the fuck are you here then, you wanker?!? Bitch, bitch, bitch....whine, whine, whine! Go to Bloomberg and yank off or something!

Tue, 01/04/2011 - 00:55 | Link to Comment StychoKiller
StychoKiller's picture

Once you figure out Reality, please let us know -- the plot is too complex for my feeble brain...

Mon, 01/03/2011 - 18:14 | Link to Comment Midwest Prepper
Midwest Prepper's picture

Tyler: Okay, I just got my head handed to me by quoting something you put up here - that Insider selling is outnumbering buying by like 80:1....  According to this source below, it is no more than 7:1... Can  you help me? Greg Hunter's usawatchdog is wrong, or marketwatch is.....

 

http://www.marketwatch.com/story/insiders-are-headed-for-the-exits-2010-12-15

 

Tue, 01/04/2011 - 23:57 | Link to Comment Midwest Prepper
Midwest Prepper's picture

Tyler:  If you check out the post that you quoted on Greg Hunter's usawatchdog, I asked the question about where he got his numbers from.  His reponse is that he got it from zerohedge!  But that is 15 months old!!! So what happened is that you quoted him but he was quoting you from over a year ago!  This does NOT seem to me to be "news."  The marketwatch article I pasted the link to above tells a very different story.  Can you please address this?  I am new to this forum, but really wish to have a source that I can trust....  Thanks.

Mon, 01/03/2011 - 19:00 | Link to Comment Ludwig Van
Ludwig Van's picture

 

About every slapfight I've seen here is due to differences in time horizon -- short-term okay, long-term fucked; money green or money shiny; other variations. It's all convertible.

 

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