Who’s buying up all the sellers, especially at the end of the day every day?
By Daniel at 24 November, 2009, 12:08 am
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It still has us all scratching our heads. Even traders brace for the last 5 minute push up these days. And is there any chance the government is somehow subsidizing someone? Conspiracy theories abound mainly because the government and the Federal Reserve has lost all semblance of honesty, transparency, and forthright behavior.
From seekingalpha:Insider Selling Soars with Rally
Insider selling surged in the latest week from $960MM in sales to over $1.39B. Buying made a drastic improvement from $29MM to over $166MM. The improvement in buying is a positive sign, but the vast discrepancy in selling continues to overshadow the buying.
Insiders are clearly viewing the run-up as a selling opportunity. This is consistent with the very tepid recovery we’ve seen in organic revenue growth thus far during the economic rebound. Executives are still unlikely to invest their personal fortunes in the companies they run due to the fact that they aren’t seeing the organic growth that so many equity buyers are hoping will develop once the government steps aside and stops propping up the economy.
- Moon Kil Woong
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