Record Insider Selling

[UrmaBlume 10]

Every day we do a market report and in today's (09/11) we posted a couple of quotes from this article posted to CNNMoney:

 

"Corporate officers and directors have been selling shares at a pace last seen just before the onset of the subprime malaise two years ago."

 

"Biderman, who says there were $31 worth of insider stock sales in August for every $1 of insider buys"

 

Insider selling at record levels is noteworthy. Not much use as far as timing goes, but certainly noteworthy.

[daedalus 10]

They suck the dumb money in as the walk out the back door with their money... classic wall street.

[throughthemud 10]

I read this too. The wave structure is telling us the market is due for a fall soon too.