Officers and Directors (Insiders) selling at enormous levels…

Many investors are not paying attention to insider sales, they should! Last week we saw one of the largest amounts of insider (officers and directors) weekly sales of their very own personally owned shares; shares in the very companies where they work.  In the past, the selling in itself is not always a timely signal. However, from these very elevated selling levels, brutal bear markets have commenced in the past. We never have advised selling short, however our analysis suggests taking some profits off the table. The  total insider purchases last week totalled approximately $21,000,000 million in US Dollar value…….with insider selling totalling $567,000,000 in US dollar value last week, taking money off the table is something to consider.