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Update: AAPL Insider Sales for March 2010

|Includes: Apple Inc. (AAPL), MSFT

In keeping with the current trend over at Apple, it appears that senior executives continue to exercise their options and sell, sell, sell.  During the month of March 2010 it was reported that approximately $229,522,623 worth of AAPL was sold.  Exactly what each of the 9 executives profited is less clear since the exercise prices were omitted on all the buying transactions.  Stock prices were reported as being between $226.87 and $237.67.  Currently the stock is trading north of $240 a share. 

What if anything does this tell us I'll leave to the pundits who would venture I'm sure into a discussion surrounding Steve Jobs health issues.  In any case - once again I am not implying anything negative regarding AAPL - I remain positive on the company and it's products.  Market corrections not withstanding.

But to be fair I'll mention that over at Microsoft it was reported that a very high level Director sold 19,000,000 shares within the first two weeks of February 2010 netting a cool $562,220,000.  Yes, that's 562 million! 

Overall the trend during the first quarter within insider buying and selling has been to the sell side with insider buying slumping significantly.  And coupled together with other evidence continues to point towards an imminent market correction. The depth and nature of which is yet to be clarified. 

There are a myriad of reasons for the market to head south and sail right through the 2009 lows, but I for one am not looking for this type of move just yet.  I will write more on this in additional articles forthcoming. 

Disclosure: No Positions in AAPL or MSFT