CHART OF THE DAY: US INSIDERS AREN’T THE ONLY ONES DUMPING SHARES
Interesting data this morning from RAB Capital showing that U.S. insiders aren’t the only ones who remain heavy net sellers of their own shares. Today’s chart of the day shows the net selling by directors of Hong Kong based corporations. As we’ve noted since the beginning of the March 2009 rally, insiders in the United States have been consistently heavy net sellers of their own shares. Particularly alarming is the continuing low levels of buying. According to RAB that trend is persistent in Hong Kong as well where insiders have been net sellers of their own stocks. The latest data shows that HK directors remain “aggressive” sellers of their own companies:
Source: RAB Capital
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More on this topic (What's this?)Andy Xie on China’s Empty Apartments (naked capitalism, 8/4/10)US INSIDERS AREN’T THE ONLY ONES DUMPING SHARES (Phil’s Stock World - Members S..., 2/23/10)What Corporate Insiders Are Telling Us (Contrarian Profits, 9/28/09)Insider Selling: How to Profit From The Insiders’ Unfair Advantage (Investment U, 10/21/09)
Couldn’t this just be a result of insiders making less money (salary and bonus)?
From an initial glance it looks like they have been doing well timing the market.
Hk and Chinese IPO’s are also on their highs if I recall correctly.
great news, thanks, like we didn’t know, but why can’t this fake market tank ?