INSIDERS STILL VERY BEARISH ON THEIR OWN COMPANIES
The insider buying & selling data for the week ending November 13th worsened substantially. Total insider selling jumped to over $960MM vs last week’s reading of $729MM. Buying fell to the nearly non-existent level of $29MM. Sales by Bill Gates accounted for almost $200MM worth of the selling, but outside of these sales the selling was broad based. Despite a soaring stock market, insiders continue to exhibit very little confidence in their own companies through the use of their personal fortunes.
Click for large image
——————————————————————————————————————————————————
The content on this site is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The author(s) may or may not have a position in any security referenced herein and may or may not seek to do business with one another or companies mentioned via this website. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
A brief note on comments – The increase in users in recent months has resulted in an increase in unproductive comments. Any user who engages in the use of racial epithets or uses the comment section as a place to insult other users will be banned from the site. The comment section is welcome to all readers who are interested in asking pertinent questions and/or engaging in thoughtful, intelligent, and productive debate. In short, just be nice. Thanks.
Post Footer automatically generated by Add Post Footer Plugin for wordpress.
More on this topic (What's this?)Insider Selling: How to Profit From The Insiders’ Unfair Advantage (Investment U, 10/21/09)What Corporate Insiders Are Telling Us (Contrarian Profits, 9/28/09)Insider trading is more bearish. (Emerging Index, 9/13/09)The Last Bear (Contrarian Profits, 9/25/09)
TPC: could you please comment on this story: http://www.marketwatch.com/story/analysis-of-corporate-insiders-behavior-2009-11-12
i´m confused.
Their data appears very wrong. I am using the actual SEC filings. Insider buying is incredibly light. This is consistent with all other reports lately.
thanks a lot.
In such circumstances, i.e. when for many insiders profit-taking is clearly advisable, I wonder if this data is less relevant.
I wonder what this data looks like historically? Something doesnt quite sit right with me. The data these last few quarters has basically been the same – no buying.
I wonder what the data looks like historically?
Are insiders also pouring into bonds or bond funds like the rest of America – I mean have they changed their views on risk and allocation?
Definitely curious.
Isn’t this data a little skewed by Gates selling? If you take the outliers on both the sale/buy side of the ledger, we would get a different picture of insider activity.
Great stuff, BTW.
This could be another indication of a top of the bull or bear/rally top(doesn’t matter what you want to call it- +50% increase since march) as many have anticipated. I believe , combined with other indicators and data, this confirms a topping range that cannot continue beyond DOW 10,500 at best. Will stutter until early 2010 Jan and fail to under 10,000, where?, who knows(I doubt under 8500 ?). Depends on how bad unemployment gets and outlook at that time. The unbridled spending and wreckless policies by this admin are not and will not strengthen confidence in US markets/dollar. Blaming China for monetary policies will make bad matters far worse quickly and US will be net loser of that game. In my view, Obama does not have a clue about much of anything and especially economic matters. This is evidenced and confirmed by his choices of people around him and Geithner to carry out econimic/monetary policy. Geithner was only one of the players that got us into this mess and assuming he can or will solve it is more pie in the sky thinking, becoming more obvious by this administration. Caution and temperance dominate. When and if they start some “real” fiscal responsible policies we can change our thinking/outlook. Trying to look past 90 days to 120 days is of course impossible. I agree totally with Paulson except trying to look past 6 months. The longer these crazy policies continue, the stronger the bearish case and longer you can go bearish in terms of time. The opposite is true for bullish. Simple hey!……..not. Of course there will still be bullish and bearish plays along the way, but must be “chosen” will due diligence carefully.
Just the thoughts of a Goober