According to insiderscoop.com, Google insiders sold a whooping $305,757,056 in stock from January 4-9. With its market cap well over $130 billion, the Wall Street Gang continues to pump the stock.
Also high on the insider selling list is ipod champion, Apple Computer. Apple insiders have been large and steady sellers by raking in $51,745,460, at prices ranging from $72-75 during the same time frame.
Insiders in general are still heavily tilted toward the sell side which indicates that bargains in this market are scarious.
INSIDER SELLING
1-4-06 B76 S108
1-5-06 B97 S181
1-6-06 B51 S222
1-9-06 B41 S141
1-10-06 B41 S141
ON THE SHORT SIDE
I thought you would find this tid-bit of information useful. I called to borrow shares to short the Retail Holders (RTH), and I was told that there were not any available to short. It looks like the hedge funds were way ahead of me here.
Oil prices are not far from post Katrina levels again. Consumers are feeling the pinch, and as the housing bubble continues to let out more air, they will no longer be able to use their homes as ATM machines.
