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For Week Ending December 14, Insider Selling Outpaces Buying By A Factor Of 32

Tyler Durden's picture




While certainly a "slight" improvement from last week's ratio of 82 sales for every buy (in dollar value), this week we see a reversion back to the recent mean of about 30x, or a 32.4x ratio of insider selling to buying, to be specific. In the last week insiders sold $332.7 million worth of stock and bought $10.2 million. The recession continues being over.


Insider Transactions December 14 -

Source: FinViz.




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Mon, 12/14/2009 - 18:42 | Link to Comment deadhead
deadhead's picture

Thank you Tyler.

I've yet to see a sale from a bank insider (notwithstanding the GS London chap).  I can imagine the unwritten gag order has an "or else" that results in one retiring to pursue other interests and spend time with family.

Some of these guys must be just dying to unload their bank shares.

Mon, 12/14/2009 - 18:44 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

Okay. We see the insiders seeling before the deluge.

Can we see what they do with these dollars?

Mon, 12/14/2009 - 18:51 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

Insiders are running out of shares to sell, at least until early next year vesting.  I know I am.

Plus, just wait until the new year, I have a ton of options to cash in but don't want to take the tax hit this year, just hope the market stays puffed up until Jan 4.

I would bet a lot of insiders are holding off on sales until the new year hits.

Mon, 12/14/2009 - 18:53 | Link to Comment deadhead
deadhead's picture

ghost...are you concerned that income tax rates and/or cap gains are going to go up?  just curious....

Mon, 12/14/2009 - 19:54 | Link to Comment Rainman
Rainman's picture

If it comes next year, I'd bet it will be eligibility caps using the $ 250 K + formula Obama promised. Dems are already going into a rout for the 2010 midterm elections. They'll sacrifice the top end crowd to show they're half-serious about deficit reduction. Move on to everyone else, after 11-'10.

Just thinkin' what I'd do as an elected Critter in such a screwed up fiscal mess. 

Mon, 12/14/2009 - 20:31 | Link to Comment deadhead
deadhead's picture

good point....agreed that they won't come out on the under 250k group.

they're already taxing them via the dollar debasement.

 

Mon, 12/14/2009 - 23:33 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

Doesn't the bush capital gains tax cut expire this year? If am right, you should be selling now.

Mon, 12/14/2009 - 19:19 | Link to Comment john_connor
john_connor's picture

I am going to be an idiot and call a top here, or a top within days.  This is the bear version of Doug Kass's "generational bottom" call.

Mon, 12/14/2009 - 20:57 | Link to Comment Anonymous
Mon, 12/14/2009 - 21:50 | Link to Comment john_connor
john_connor's picture

no, this is my first top call on equities, which follows my intermediate top call on gold at 1226.  what inflation btw?  tool. 

Mon, 12/14/2009 - 21:00 | Link to Comment Hephasteus
Hephasteus's picture

I have not yet BEGUN to pretend.

We will pretend in the universities. We will pretend in the congress. We will pretend at the ATM's. We will pretend in the stock markets and on the Forex. We will never give up our pretence. Never in history have so many been at the mercy of so fews pretense.

Mon, 12/14/2009 - 21:34 | Link to Comment drbill
drbill's picture

They're all running for the door. The last one out gets stuck with the bill. I already know the name of the last one out. It is the American tax payer. Sorry chump, you lost...

Mon, 12/14/2009 - 23:19 | Link to Comment Anonymous
Tue, 12/15/2009 - 09:31 | Link to Comment john_connor
john_connor's picture

ANON, it sounds as if you got smoked on the way down AND on the way up.  Let me know how the buy and hold thing turns out.

Mon, 12/14/2009 - 23:25 | Link to Comment Anonymous
Tue, 12/15/2009 - 02:49 | Link to Comment Anonymous
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