Saturday, May 22, 2004
So, why the wave of insider selling?
Could it be that the insiders know something we don't?
The Times then goes on to a lot of thumbsucking speculation about why on earth the execs would be doing this, but I'd classify it under the Department of Rats Leaving the Sinking Ship: The execs realized that through his Iraqi blunder, Bush has totally hosed the war against the real enemy: AQ and its mutations.
If a dirty bomb hits, the market will tank. So why not cash in?
Insiders Are Selling Like It's 1999
Across corporate America, executives have been selling company stock as if it were 1999. Even amid this resurgence of insider selling, however, a few dozen executives - including those at Zimmer - stood out for having unloaded supersized portions of their personal stakes in their company's future. At Wendy's International, Qualcomm, Occidental Petroleum, Boston Scientific and Comverse Technology, one or more executives sold at least half their holdings, according to a SundayBusiness analysis of hundreds of big companies.
(via NY Times)
The Times then goes on to a lot of thumbsucking speculation about why on earth the execs would be doing this, but I'd classify it under the Department of Rats Leaving the Sinking Ship: The execs realized that through his Iraqi blunder, Bush has totally hosed the war against the real enemy: AQ and its mutations.
If a dirty bomb hits, the market will tank. So why not cash in?
