By Mark Hulbert
This is worrisome because corporate insiders — officers, directors and the largest shareholders — presumably know more about their companies’ prospects than the rest of us do. If they were confident that the shares of their companies would soon be trading markedly higher, they wouldn’t be selling them now.Yet selling they are — at an alarming pace.
via Insiders now aggressively bearish – Mark Hulbert – MarketWatch.
Readers of the Sax Angle know that Ive brought this to their attention earlier. We still find a a few oddball items to buy but this is one reason we have been very underweight stocks. One of the few big name stocks they are not selling in droves, though, is Apple. Go figure.