[Money-matters] insiders leaving the rat ship!

[Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios]

Money Matters Listeners- Listen up!
 
The overwhelming volume of sell transactions relative to buy transactions by
company insiders over the last six months in key leading sectors of the
market is the worst Alan Newman, editor of the Crosscurrents newsletter, has
ever seen since he began tracking the data. 
The strategist looked at insider trading activity amongst the top ten
companies that make up the Nasdaq such as Apple
<http://data.cnbc.com/quotes/AAPL> [AAPL  306.57    -1.48  (-0.48%)   ],
Google  <http://data.cnbc.com/quotes/GOOG> [GOOG  614.3363    -4.2637
(-0.69%)   ] and Amazon  <http://data.cnbc.com/quotes/AMZN> [AMZN  167.62
-2.33  (-1.37%)   ]. 


RETAIL HLDRS TR

(RTH)
98.67     -1.78  (-1.77%%)
AMEX



 
Then he analyzed the biggest members of the Retail HOLDRs ETF like Gap
<http://data.cnbc.com/quotes/GPS> [GPS  19.1301    -0.5499  (-2.79%)   ],
Target  <http://data.cnbc.com/quotes/TGT> [TGT  52.05    -1.09  (-2.05%)   ]
and Costco  <http://data.cnbc.com/quotes/COST> [COST  63.0125    -0.6675
(-1.05%)   ], as well as the top insiders in the semiconductor industry at
companies such as Altera  <http://data.cnbc.com/quotes/ALTR> [ALTR  30.87
0.54  (+1.78%)   ], Broadcom  <http://data.cnbc.com/quotes/BRCM> [BRCM
40.68    3.46  (+9.3%)   ] and Sandisk  <http://data.cnbc.com/quotes/SNDK>
[SNDK  37.66    0.47  (+1.26%)   ]. 
The largest companies in three of the most important leading sectors of the
market have seen their executives classified as insiders sell more than 120
million shares of stock over the last six months. Top executives at these
very same companies bought just 38,000 shares over that same time period,
making for an eye-popping sell to buy ratio of 3,177 to one.
The grand total for the three sectors are "as awful as we have ever seen
since we began doing this exercise years ago," said Newman, who was ahead on
such trends as the dangers of high-frequency trading and ETFs before the
'Flash Crash'. "Clearly, insiders are seeing great value only in cash. Their
actions speak volumes for the veracity for the current rally."
 
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.jtan.com/pipermail/money-matters-l/attachments/20101027/2bc7273c/attachment-0001.html 
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: image/gif
Size: 186 bytes
Desc: not available
Url : http://mailman.jtan.com/pipermail/money-matters-l/attachments/20101027/2bc7273c/attachment-0004.gif 
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: image/gif
Size: 188 bytes
Desc: not available
Url : http://mailman.jtan.com/pipermail/money-matters-l/attachments/20101027/2bc7273c/attachment-0005.gif 
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: image/gif
Size: 4682 bytes
Desc: not available
Url : http://mailman.jtan.com/pipermail/money-matters-l/attachments/20101027/2bc7273c/attachment-0006.gif 
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: image/gif
Size: 182 bytes
Desc: not available
Url : http://mailman.jtan.com/pipermail/money-matters-l/attachments/20101027/2bc7273c/attachment-0007.gif