Yet again a 'page 17' article I came across today that highlights the simple fact that those in the know, the captains of the ships, yes the ones making the big strategic decisions that set the fate of their respective companies – are selling their holdings in their companies.
Insiders are selling: Corporate insiders more bearish than at any time in nearly two years
“Corporate insiders are a company's officers, directors and largest shareholders. They are required to report to the SEC whenever they buy or sell shares of their companies, and various research firms collect and analyze those transactions.
One is the Vickers Weekly Insider Report, published by Argus Research. In their latest issue, received Monday afternoon, Vickers reported that the ratio of insider selling to insider buying last week was 4.16-to-1, the highest the ratio has been since October 2007.
I don't need to remind you that the 2002-2007 bull market topped out that month
Does that mean you should immediately start lightening your equity exposure?”
By Mark Hulbert, MarketWatch
http://www.marketwatch.com/story/insiders-have-quickened-the-pace-of-their-selling-2009-07-28
Saverio Manzo
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