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Most Recent Insider Selling/Buying Ratio Hits 95x

Tyler Durden's picture




 

Not sure if there is a glitch in FinViz' data, but the most recent data indicates a ratio of 95x of insider selling $35 million to insiders buy of a whopping $367,720. If anyone has more definitive data, please advise, however a ratio of nearly 100x sellers to buyers is pretty conclusive of who is selling to the robots, as the bids are gunned ever higher, and all asset classes (of course, not the dollar) keep going higher.

 

 

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Thu, 09/10/2009 - 14:38 | 65190 tonytiger
tonytiger's picture

I'm selling what they're selling!

Thu, 09/10/2009 - 15:01 | 65226 Anonymous
Anonymous's picture

95 times?

Rats scuttling off a sinking ship....the sinking ship being the U.S. economy.

Thu, 09/10/2009 - 14:39 | 65191 Cognitive Dissonance
Cognitive Dissonance's picture

Simply amazing. The market is turning into the ultimate circle jerk and many people are gambling that they'll be able to abandon ship before it goes down.

Thu, 09/10/2009 - 14:55 | 65218 jdun
jdun's picture

I wonder who wil lbe holding the bags once the market goes down?

Thu, 09/10/2009 - 15:15 | 65261 AnonymousMonetarist
AnonymousMonetarist's picture

Will the last bagholder please screw in the light?

Thu, 09/10/2009 - 15:22 | 65283 jdun
jdun's picture

If the data is correct, it is absolute pure fear.

Thu, 09/10/2009 - 15:23 | 65284 jdun
jdun's picture

Sorry about the double tap.

Wed, 12/15/2010 - 06:08 | 807431 Karston1234
Karston1234's picture

It is extremely helpful for me.
Logo Design | Custom logo design | Business Logo

Thu, 09/10/2009 - 14:39 | 65193 Bam_Man
Bam_Man's picture

Silly "insiders". What could they possibly know?

A bunch of "maroons" is what they are. Look at all the money they have lost by selling!

Let that be a lesson to all of youse.

 

Thu, 09/10/2009 - 14:47 | 65205 primus
primus's picture

Yeah, stoopid insiders! Don't they watch CNBC?!? Dennis Kneale and Larry Kudlow are boolish! SPX 2500 here we come! BUY BUY BYE!!!

Thu, 09/10/2009 - 14:46 | 65203 AN0NYM0US
AN0NYM0US's picture

it's because there are more insiders that have stock to sell ( a blossoming green shoot):

Sept 10, 2009

White House: 1 Million Jobs Saved, Created

 

http://www.cbsnews.com/stories/2009/09/10/national/main5300810.shtml

Thu, 09/10/2009 - 14:52 | 65211 E Thomas St.
E Thomas St.'s picture

So in other words we spent more than $787,000 per job so far? That's fucking awful. Worse than C4C, 8KFTB. WTF.

Thu, 09/10/2009 - 15:36 | 65328 Anonymous
Anonymous's picture

Take the job. I want the $787,000! ;-)

Thu, 09/10/2009 - 14:46 | 65204 tradertim
tradertim's picture

imagine if all those 'insiders' start buying again!!

if the market keeps going up with that much selling...where will the market go when the selling is done and they become 'insider buyers'.

Thu, 09/10/2009 - 14:52 | 65212 Bob
Bob's picture

What they become when their selling is done is emigres . . . in their G5's, leaving the revolution far behind. 

Thu, 09/10/2009 - 15:04 | 65230 tradertim
tradertim's picture

"The jets in question – two Gulfstream G5 models and five G4 models – are among the most expensive private aircraft in the world, ranging in price from $40 million to $50 million each when new..."

i think your right bob..they just need a little more selling and then they get the hell outta dodge.

Thu, 09/10/2009 - 14:48 | 65206 Anonymous
Anonymous's picture

Its The Wizard of Oz, do not look behind the curtain.

Fri, 09/11/2009 - 00:51 | 65877 Market_Terminator
Market_Terminator's picture

Skynet is in control...judgement day is coming.

Thu, 09/10/2009 - 15:12 | 65215 TumblingDice
TumblingDice's picture

Hokay, now lets see here...divide by 61.8, carry the nine, plus a thousand, square root of that and yes, just like I thought, we are at most about 5 points away from the peak on the NASDAQ if 2082 wasn't the peak already.

XLF pattern is what used to be known as a head a shoulders.

Thu, 09/10/2009 - 15:07 | 65236 Anonymous
Anonymous's picture

On August 21st ZH (at about 5:30PM) published a late "research report" by Structural Logic. On page 3 of that report, it talked about a timeframe targeting a cycle TOP of September 11th-15th, per a unique topping formation called "Three Peaks and a Domed House." Since we are coming into that timeframe, it might be worthile to some ZH readers to dig through ZH's archieves and revisit that report. Good luck everyone. And thanks to ZH staff for all the good reporting and information.

Thu, 09/10/2009 - 15:07 | 65237 Ruth
Ruth's picture

Cashing in their paycheck before the great fall or so they can get in before the great fall and before their compensation/bonus plan gets taken away?

Where's MARK IT ZERO?......You're going to become more relevant very soon, plus we love your comments.

 

Thu, 09/10/2009 - 15:16 | 65262 AnonymousMonetarist
AnonymousMonetarist's picture

Watch the rats.

Thu, 09/10/2009 - 15:18 | 65270 LoneStarHog
LoneStarHog's picture

/Sarcasm On/ Before the Retail Investor and Pension Funds can buy, there must be shares available.  These philanthropic insiders are sacrificing their shares and financial gains for the good of the Little People. /Sarcasm Off/

All Hail The Messiah!

Thu, 09/10/2009 - 15:22 | 65282 deadhead
deadhead's picture

I'm so confused....with all the volume of late on C, AIG, CIT, FNM, FRE, BAC, how come those insiders are not on the buy list?  Sally Krawchek does not count at BAC, by the way.

Thu, 09/10/2009 - 15:22 | 65287 Anonymous
Anonymous's picture

Perhaps it the American's selling short, and the Arabs and Chinese buying in. They already own a large % of the country's debt; if my semi-wild guess is right they'll own everything else. Outside of the Goldman/Buffet holdings, perhaps. LexingtonBuffet

Thu, 09/10/2009 - 15:29 | 65307 Anonymous
Anonymous's picture

Bag Holders? There are plenty of them, there called 401k american idol watching zombies who don't have a clue what there invested in, there are plenty of them and try to talk them into unloading to the bots and they will say I'm up 32 percent of course overall your down 25 percent or more but they won't hear it...Or unforunatly I think alot of older poeple believe in the market and the crap comming out of CNBS simply becuase the boomers have never had things go down and stay down, inflation in all there assets is all they know, I'v given up on trying to convince poeple to sell with the insiders, they will get harvested and then realize what a scam 401k's, and wall street in general are....

Fri, 09/11/2009 - 07:33 | 65973 Anonymous
Anonymous's picture

if you use the 'dumb down' principal, CNBS sez they have tua ore they don't have enough to pay their rent cause the jobs pays so little, or it is 'set-up' that way and the poor insider has no control over it. It is for charity, they scheduled the sale last year. Need any more dumb down answers? Can't be because they see ZERO sales on the books and don't want to get caught 'cooking the books' anymore than they have already. You are right, you try to 'inform' a friend of an alternate possibility and you just lost a friend. I gave up....they didn't listen two years ago, they won't listen now.

Wed, 12/15/2010 - 06:09 | 807432 Karston1234
Karston1234's picture

Since we are coming into that timeframe, it might be worthile to some ZH readers to dig through ZH's archieves and revisit that report. Good luck everyone. And thanks to ZH staff for all the good reporting and information.Label Design | Corporate Logo

Thu, 09/10/2009 - 15:38 | 65314 Mediocritas
Mediocritas's picture

When the insiders finish selling, they'll call up the Poindexters who watch the flashing lights on Hal-9000 and say: "ok boys, all done, thanks for gunning this thing to suck in slipstreamers so we had some strength to sell into, here's your cut".

Poindexter will type 'init 0', turn out the lights and head out to catch herpes from the skank on the corner.

And all the geniuses on Google finance message boards will continue saying: "WOW! BAC is a bargain at these levels! I'm buying more! Hang in there, IT WILL FLY TOMORROW!!", all the way down to zero.

Sheesh, soon I'm gonna be so short I can suck my toes.

Thu, 09/10/2009 - 15:32 | 65316 Anonymous
Anonymous's picture

Can I have my $787K in cash please? With that and the stock market rising at an annualized rate of 150% I'll be Bill Gates rich within 8 years. Just like with Obamacare it will actually save money because I won't be on unemployment any more!

Thu, 09/10/2009 - 15:37 | 65334 Anonymous
Anonymous's picture

I didn't see it in the list but word is S. Cutler of Eaton sold 2mil shares

Thu, 09/10/2009 - 15:52 | 65364 Anonymous
Anonymous's picture

am i mistaken ...? or are those like, really paltry numbers compared to what we've seen recently? the ratio is certainly striking but a mere $35mm insider sales compared to over a billion USD's of insider selling according to recent reports is pretty thin.

Fri, 09/11/2009 - 07:01 | 65966 Anonymous
Anonymous's picture

Agree.

Thu, 09/10/2009 - 16:20 | 65436 Anonymous
Anonymous's picture

Berkshire Hathaway dumped roughly 787,000 shares of Moodys (MCO) earlier this month...that level of selling seems to skew the numbers just a little. I think Buffett has been on record he desired to lighten that bad boy a little.

That's a pretty cool function though...the 10% ownership table is useful

(I don't know how soon it begins, but the lock-up for quarterly reporting / book closing at 9/30 has to kick in pretty soon. Want to say that's a 2-week window on either side...strictly a guess)

Thu, 09/10/2009 - 16:20 | 65437 The Butcher
The Butcher's picture

I think the insider buying/selling is more of a systematic issue than insiders giving signs of future business.  Of course, some corporate owners are selling into the bubble rally, but I also think it is a product of wanting to diversify away from the companies they work for to generate more liquidity for themselves.  Many former Lehman employees are wishing they had sold more stock, and anyone with half a brain at this point would want to decrease the concentration of ownership from the company that also pays your salary. 

Additionally, people who are facing trouble refinancing their 5 million dollar homes, or income properties that they bought on interest only loans, or need maintain their pie in the sky lifestyles and missed the big bonus last year need to come up with the funds quick.  Might as well sell some stock.

What I find shocking is that the rest of the country is not feeling the same way.  The market just punched investors in the face, the crooked government is now running the show, and people want to buy?  After the rally we just had?  We just had the Timmy boy(cant help but think of South Park everytime Geitner is on TV) say they are going to make the banks pay the money back, the Fed medicine is going away, and the FDIC is going to pull back its emergency measures.  Maybe Im the only one, but that seems like the perfect case of the government eating its own BS of thinking we have hit a sustainable situation. 

Those all sound like decent catalysts for a pull back to me...

Thu, 09/10/2009 - 17:11 | 65505 Anonymous
Anonymous's picture

Many insiders just saw there biggest asset decline 50% which enlightened them they were way under-diversified and not sufficiently liquid. So recouping half of the prior decline seems like a good time to cut 10-20% of their holdings.

Plus tax rates are going up soon - another modest motivator.

Plus they proabably agree with many that things are not going to get lots better any time soon. And if they do -- might sell some more!

So the selling makes reasonable sense.

Thu, 09/10/2009 - 20:56 | 65713 Anonymous
Anonymous's picture

Well, if they are just now becoming enlightened that doesn't speak well to Executives, Board members, and any white whale (private capital, hedgies) than own > 10%.

What's the point of insider status if you don't diversify...especially the execs, who can basically get the stock for free if the options get re-priced at the oh-so crucial moments.

Thu, 09/10/2009 - 23:26 | 65832 Anonymous
Anonymous's picture

My only question, is selling it outweighing the buying by such a huge multiple, why is it not showing up in the charts???? logic says that if they are selling who is buying then???

Fri, 09/11/2009 - 00:58 | 65880 Market_Terminator
Market_Terminator's picture

Sheeple...ready for the slaughter.

Thu, 09/10/2009 - 23:28 | 65833 Anonymous
Anonymous's picture

if there is such a tremendous difference between the selling and buying quantities, who is then buying all this stuff and why is this not being shown on the charts?

Fri, 09/11/2009 - 16:18 | 66717 Remus
Remus's picture

According to Insiderscore.com the number is way higher.

"Insider selling was 346 to 1 in august, and so far in september it's 120 to 1.

In contrast to march were the numbers was reverst with a ratio of 1 to 1023."

The report is referred to by a norwegian finance newspaper here : http://www.na24.no/imarkedet/article2705547.ece (i have not read the actual report)

With the heading Salesorgy among insiders.

 

 

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