Insiders Still Quite Bearish on Their Own Companies

The insider buying and selling data for the week ending November 13th worsened substantially. Total insider selling jumped to over $960MM vs last week’s reading of $729MM. Buying fell to the nearly non-existent level of $29MM. Sales by Bill Gates accounted for almost $200MM worth of the selling, but outside of these sales the selling was broad based. Despite a soaring stock market, insiders continue to exhibit very little confidence in their own companies through the use of their personal fortunes.

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Comments

[p2i]

Bearish? It's more likely that they postponed their sales until recently to get at least an OK price. Even Bill Gates has bills to pay and future needs and wants. I don't think that he is after a safe money market return of 1/4% to preserve his capital. Even MSFT pays a better dividend than most nice "safe" investments.

2009 Nov 16 10:50 AM

[auto44]

Gates charitable trust does't buy microsoft stock. It buys railroads trash haulers and etc.


On Nov 16 10:50 AM p2i wrote:

> Bearish? It's more likely that they postponed their sales until recently
> to get at least an OK price. Even Bill Gates has bills to pay and
> future needs and wants. I don't think that he is after a safe money
> market return of 1/4% to preserve his capital. Even MSFT pays a better
> dividend than most nice "safe" investments.

2009 Nov 17 08:26 AM