Company insiders continue to clean up.
Its become clear that the Google boys hate their stock. Hank Greenberg at AIG continues to liquidate through his holdings company Starr International. If technology is on the rebound, you wouldn't know it as insiders at Oracle and Microsoft continue to cash in their chips.
Insider Sales- Top total sale in dollar amount
SFSH- SINOFRESH HEALTHCARE INC- $1,470,675,000
NHWK-NightHawk Radiology Holdings Inc- $252,997,120
LYO-LYONDELL CHEMICAL CO- $251,402,336
GOOG-Google Inc.-$193,343,349
FRX-FOREST LABORATORIES INC- $140,618,000
AIG-AMERICAN INTERNATIONAL GROUP INC- $130,040,580
ORCL-ORACLE CORP -$101,614,682
TZOOTRAVELZOO INC-$91,057,921
MSFT-MICROSOFT CORP-$63,298,380
BEN-FRANKLIN RESOURCES INC-$45,835,766
To be honest, the game really isn't fair. I love to buy when the markets fall 10% or more. At current levels, when you're buying, and insiders are selling, it seems as if we are putting money in their pockets.
The last time we received a a clear buy signal was when insiders stock options were under water. What did they do when that happened? You guessed it! They back-dated their options. What a bunch of greedy crooks.
The next buy signal we receive will be when insiders begin taking money out of their pockets to buy. Since we are seeing massive net selling, I would be very cautious.
