Officers and Directors (insider) selling sets a new record
Last week officers and directors of major American corporations in merely the largest eleven reported sales transactions as required by law had a total value of One billion and six hundred and ninety nine million dollars worth of sales. That is $1,699,312,421.00 to be exact.
Conversely the largest ten insider purchases by insiders totaled $215,679,188.00
That was the largest one week total of officers and directors (insiders) in market history as far as we could find. When that level of insider selling occured in the past, the stock market did coreect approximately 40%.
*** WHAT WE FIND SO DECEITFUL AND DEVIOUS IS THE FACT THAT RARELY DO THE INVESTMENT INDUSTRY, BUSINESS TELEVISION AND THE BUSINESS MEDIA EVER MENTION AMOUNT OF THE INSIDER SELLING. ***
There is an ugly rumor that those daunting figures are not reported because they interfere with business and advertising, but that is just an ugly rumor-of course! Ugly rumors such as that bring tears to our eyes.
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