Well, there has been no change in the trends among insiders. My last update on this influential group was on September 8th. Let's take a look at what thet are up to now.
9-9-05 B48 S 229 No Meaningful Purchases
Big Sellers- GOOG, DELL
9-12-05 B44 S 194
Buying- CNP- Centerpoint Energy
Big Sellers- GOOG
9-13-05 B47 S 202 Buying- AHC- Amerada Hess
Big Sellers- GOOG, GE, SO, GME
9-14-05 B62 S 198 Buying- AHC- Amerada Hess (again), JOSB- Joseph A. Banks
Big Sellers- COO- Cooper Cos, TWX- Time Warner
9-15-05 B54 S 216
Buying- NFG- National Fuel Gas, FLE- Fleetwood (Temp. homes for FEMA?)
Big Sellers- COO- Cooper Cos, AMT- American Tower, GOOG.
9-16-05 B51 S 155
Buying- FLE- Fleetwood, TE- Tampa Electric, MWY- Midway Games (Sumner Redstone of Viacom is probably going to buy this company. He's been buying big lots for over a year.)
Big Sellers- LVS- Las Vegas Sands, NSM- National Semi
9-19-05 B62 S 180
Buying- CHK- Chesapeake Energy, FLE- Fleetwood, MWY- Midway Games
Big Sellers- GE, GOOG
Today 9-20-05 B58 S164 Buying- IGT- International Game Technologies (Replacing lost slot machines in Mississippi?), BKS- Barnes & Noble
Big Sellers- TWX, GOOG, YUM
There are only 3 stocks that look interesting: CHK, IGT, FLE. I have got to believe that FLE will get a contract for temporary housing (trailers) for displaced people a long the Gulf Coast, and the IGT buying also makes sense. AHC will probably split their stock, and a run up into the split is a possibility.
As far as the overall market is concerned, it doesn't look good.
