Edited by skott, 05 March 2010 - 12:13 PM.
Not a precise Timing indicator but
Started by
skott
, Mar 05 2010 12:13 PM
13 replies to this topic
#2
atlasshrugged
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Posted 05 March 2010 - 12:23 PM
makes sense...this rally that we will have to 1200 on the spx is where the the little guy decides its safe to come back in the water and ends up providing a bid for the smart sellers...
#3
tommyt
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Posted 05 March 2010 - 12:23 PM
I never did quite figure out why an insider would continually hold more and more of their stock, much less any stock. Dot commer insiders learned the hard way about diversification. Bill Gates sells the max he is allowed every quarter last I remember, and still owns a massive amount...smart.
#4
mss
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Posted 05 March 2010 - 12:27 PM
I love articles that are slanted in their wording to back up the title. One week data is useless in stock insider selling as it only tells what happened in that week. Any "wordy" conclusion is ment to scare you into reading the article. Reminds me of other misleading articles on worthless data.
mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#5
skott
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Posted 05 March 2010 - 12:32 PM
ouch! MSS. did you read the article and look at the numbers? This is not a one week event. Other insider numbers I look are coming out the same way. InsiderScore is also in the nosebleed sell area.
#6
mss
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Posted 05 March 2010 - 12:43 PM
ouch! MSS. did you read the article and look at the numbers? This is not a one week event. Other insider numbers I look are coming out the same way. InsiderScore is also in the nosebleed sell area.
From the article: "For the week ending February 26th insiders sold a total of $1.88B in stock and purchased just $13.22MM. Selling was up substantially from last week and buying was down substantially from last week. The selling was the highest level experienced this year."
IF you will carefully note the dates SOLD OR BOUGHT he also included FRIDAY THE 19th. In other words the data is based on 6 days NOT 5. Like I said figures do not lie, BUT people who use them have been known to.
btw: "highest week this year" we still have 90% of the weeks left.
Edited by mss, 05 March 2010 - 12:45 PM.
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#7
skott
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Posted 05 March 2010 - 12:52 PM
You are really being silly and Unaware?? check the right hand column, the SEC form 4 Dates Feb 22nd thru the 26th (uh, 5 days) and even if you do go by the actuall buy/sell dates the extra days applies to BUYS as well as sells. Irrelevant.
#8
dasein
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Posted 05 March 2010 - 01:03 PM
well, that tells us something about the persistent distribution that has kept up since January...
but i would like to mention again, that an insider doesnt need to sell his shares to sell his shares - he just can enter a contract with an IB, sorry, a holding company, to sell the shares forward - he will get a haircut, but he doesnt alarm the retail types that look at edgar to figure out who is selling. the IB will sell the futures or the shares as a hedge at the same time, but, the insider has a locked price and doesnt pay taxes on the sale until the unwind date of the contract - e.g. this is a kind of stock loan, too.
best,
klh
klh
#9
atlasshrugged
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Posted 05 March 2010 - 01:08 PM
for the record....insider buying was never heavier than october of 2008....the spx still went from aroung 850 at that time to 666 in march of 2009
so while it is good to know....i wouldnt get short here...this tape is very very strong
#10
skott
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Posted 05 March 2010 - 01:27 PM
they always buy and sell over time never a big chunk at one time. according to InsiderScore.com their indicator showed the most buying in Mid november 2008 and then heavy buying in March 2009 but less heavy than the MidNov. number. Both were buy signals Mid Nov was a +5 and March 2009 + 2.5 Now we have a minus 1.5 Like I said, this is not a precise thing. Just use it confirm what you are doing and that should be "buying weakness, selling strength"
