Last Week's Insiders Transactions: 10 Buys For $60 Million, 136 Sells For Over $1.15 Billion

Tyler Durden's picture

Courtesy of Finviz, the ratio of insider buying to selling transactions is 10 to 136. Total transaction value: Buys: $60.1 million; Sells: $1,146 million. This compares with last week's buys for $13.4 million and sells for $1,042 million. Over $2.1 Billion in insider sales in two weeks.

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toomuchmerrilhoge's picture

Tyler,

 when you click on the jpg, it only shows the low res shot.

Tyler Durden's picture

you can zoom in on the hyperlink

VegasBD's picture

havent seen someone use the whole word 'hyperlink' in a long time. dunno why i found that interesting.

Keyser Soze's picture

This whole world-wide-web thing continues to amaze me. What will the computer-whiz kids come up with next?

Missing_Link's picture

Try clicking on it with the little magnifying glass cursor with the '+' in it.  That should embiggenify it.  Assuming you're using Firefox, of course, which you should be.

fastbackwards's picture
fastbackwards (not verified) toomuchmerrilhoge Aug 13, 2009 6:10 PM

i know right where you are, next to the tomatoes and celery in aisle 1

Anonymous's picture

I think if there is one stock that really says everything there is to say about the rally in the last month is CLW.

Basically a company that makes toilet paper. Moved from $25 to almost $50 in the last month and was about $8 at the beginning of this year. I think it may be the biggest gainer this year of all stocks.

cougar_w's picture

Toilet paper equities are gonna get huge; The FED are printing dollars on toilet paper now, that way you can put them to addition good use even after hyperinflation hits.

You gotta find value where you can in this market.

cougar

Anonymous's picture

At least you can cleanse yourself with toilet paper. US dollars... not so much.

Harbourcity's picture

I dont see anything wrong with this as I consider toilet paper a commodity :)

 

Assetman's picture

The most relevant insider sell in my mind is the 12M dumping done by Cohen & Steers in conjuction with the additional 10M offering this week.

I think that should tell you all you need to know about the current state of affairs in the RE world.

lettuce's picture

some of us may be closer to this news than you might think ;)

Anonymous's picture

i know right where you are, next to the tomatoes and celery in aisle 1

Assetman's picture

Hey, if you know anyhting about what's going on with C&S, lettuce know.

Har-dee-har-har!

cougar_w's picture

Golly gee. Seems like someone isn't buying the green shoots story, don't it? For that matter, they aren't buyng the "square root" landing story, either. The rats are jumping ship, time to look to the waterline.

So what's the over/under on when the second down-leg on the W-shaped "recovery" hits? End of August? Middle of September?

ZerOhead's picture

Insiders $13MM up to $60MM a 400% increase? How is that NOT a green shoots story these days?

Anonymous's picture

Mayhap their mortgage payments doth balloon apace?

Anonymous's picture

Only buys I see are from Govt Corp (C). Atleast someone is long the US

lettuce's picture

they hedged it with CDS's though. so.... 6 of one...half-dozen of the other...

novanglus's picture

I am not a number, I am a free man!

Each day I watch this market and the media, I feel like I live in The Village.

fastbackwards's picture
fastbackwards (not verified) lettuce Aug 13, 2009 6:09 PM

That might help strengthen the implications of said selling.

lettuce's picture


interesting. the whole insider buying v insider selling is a very interesting picture to look at (and no, i don't mean this particular jpeg...but this one's good!). there's the aspect that some have lost a ton of money and are simply looking to take some money out of the market and back into cash-reserves, or to rebalance their risk profiles...

 

the other aspect, though, is that these are only the reported transactions!! imagine what is going on that isn't reported to the SEC (because it doesn't legally have to be reported) with john q. vice-president at public company X (sorry, not us steel...think variable) selling/buying shares. you never see that but you gotta imagine that there's a lot of that going on -- in aggregate. and i'm sure it ain't on the buying direction.

Assetman's picture

I think what gets most overlooked in the realm of insider trading is options activity.

Options acquisition activity is reported a little differently than open market insider buys, and much of it really isn't captured.  On the other hand, once an option is exercised, it will eventually be sold and recorded as such for all to see.

So while net accumlation of shares by insiders is probably higher than you think due to options acquisitions, the relevant question is: how much option granting and acquiring is really going on?

The answer, my friends, is... not much.  In other words, the picture being painted (high sell/buy ratio) may be worse than the true picture, as "risk-less" options being given to exectuives are also below average.

Just thought I'd put that out there...

Anonymous's picture

This looks terrible, but i'd like to compare this ratio going 2 to 3 years back.

Anonymous's picture

there was a very high level of insider selling before the top in 2008 from what I remember

Anonymous's picture

Including selling by politicians. The Clintons liquidated their "blind" trust when the DJ was around 12500 in mid 2008. That move now has a name, it's called "Porking the Future", when a little bird with great timing tells a politician to get in or out the market.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=apRqaNmgbllE

Anonymous's picture

News Flash from Bloomberg:

"stocks off their best and worst levels of the day"

Anonymous's picture

Put this insider selling together with all the IPOs and secondaries. Lots and lots of selling by folks in the know into a market thought overvalued by everyone who can divide P by E. THE TREND IS UP!!!!

deadhead's picture

amen....

bought my 16 yr old, 13 at the time, a 64 gibson sg special. had one of the original p 90s on it and years ago someone threw out one of the 90s and put in a humbucker...anyways, shortly after buying it, i looked at the humbucker and it wa a paf, which is worth just about what i payed!  what a beautiful piece of wood.

Sqworl's picture

RIP...a true pioneer - without his recording technique innovations, we would never have had 60's and 70's rock music. Not to mention his guitar designs, and his own musical virtuosity. A genius, he will be missed by many.

Anonymous's picture

In honor of our equities markets can I get a "How High the Moon," from y'all, with a nod to Les Paul?

Anonymous's picture

Cheeky, stayed focused. We're not talking about that now. Please put your head back on your desk and keep quiet until the bell rings.

Anonymous's picture

Sow (unpaid for options), then reap. Doesn't mean dick about "going forwards". Means the boss is once again raping shareholders. FU boss.

40muleteam borax

Anonymous's picture

I give up. This rally is never gonna end. Not in stocks, not in oil. Insiders selling, unemployment rising, retail sales down, no 'summer driving season' again, P/E ratios of 145...

Doesn't matter.

cougar_w's picture

We sense from your frustration that you have not been drinking your koolaid ration. Get over to CNBC and do 20 "hell yeah!" and 40 "go'n green!" and you will be forgiven.

Anonymous's picture

You failed to mention 60 "good stuff!"s. I think I heard that at least 5 times today after someone extracted a miniscule nugget of good info out of the bad.

Hrm, maybe it was just Kudlow doing that...

Anonymous's picture

I agree. Extremely frustrating in the sense that I wonder if I missed something. I suppose the pedophile Keynes was right at least once, "The market can remain irrational longer than you can remain liquid."

I suppose though if you have a private printing press and powerful friends around the world you can make the pinhead angels dance a very long time.

Anonymous's picture

Wake me up when the Proshares insiders start selling the short ETF's I'm in...

Anonymous's picture

So insider buys increased 349% w/w. Green shoots!!!

Anonymous's picture

Someone shoot the green shoots.

Fish Gone Bad's picture

Rats jumping ship, again.

mdtrader's picture

Are these numbers better than expected though? Cos that would change them from being bearish to bullish for stocks. lol

Anonymous's picture

Larry, Steve, Cramer, Denis,...is any of this getting through to what ever small brain you might have?

mdtrader's picture

Larry has been bullish since 14,000!

fastbackwards's picture
fastbackwards (not verified) Aug 13, 2009 6:09 PM

Within that link Megan wrote: "But financial meltdowns don't offer villains, for the simple reason that no one person or even one group is powerful enough to take down a whole system."

Anonymous's picture

YOURE ALL IDIOTS