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INSIDERS ARE BUYING THE DIP

24 May 2010 by Staff 3 Comments

Insider buying trends continued to improve this week as the market decline and insiders buy the dip.  For the weekend ending May 22nd insiders purchased a total of $47MM in stock.  This brought the 4 week moving average to $37MM which was the highest level since the depths of the credit crisis.  Insider selling, however, remains dramatically higher as insiders sold $693MM in stock.   Of course, we would place more emphasis on buying on insiders sell for numerous reasons, but only purchase stock for one reason – they believe the stock is going up.

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Comments
  • Insiders are just a glueless as the rest of us.If they knew how their businessa are doing they would not ever get into any trouble. They are overly optimistic on their own abilty to be able to run the company well in trying times like now. etf-gold-stocks.com

  • James

    I agree with Tim Yla, that chart shows insiders are pretty clueless and just as bad as retail which is ridiculous..

  • Put 100 people in a room and 60 percent of them will say that they are a better than average driver. People’s overconfidence in themselves and the belief that they are different than the rest will generally lead to their undoing.