Friday, September 11, 2009

There were 31 dollars worth of insider stock sales last month for every dollar's worth of insider buys.

I'd like to know if that's accompanied by a spike in volume or not. And I'd expect there to be some profit-taking after this. I'm advising clients that tax rate increases are coming - as are most financial advisors, I'd imagine, and so some of this might be an attempt to realize capital gains this year, rather than give the revenue-desperate Congress a chance to hike capital gains taxes effective Jan 1.

But still, not a bullish sign at all.

Splash, out


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