Insider Data - Week Ending 01/16/2010

Another Interesting week. The appearance of big bankers in the congress was interesting. Populist play by The President was interesting. With the earnings season starting early in the week, the market has been trying to keep the positive sentiment alive. It has worked mostly except that participation of ordinary Joe is still elusive, and for the right reasons. What ever the wall street may think, the main street knows what it needs to do during tough times.

Insiders have been showing enthusiasm and the weekly rolling average for past two weeks has been showing signs of bullishness. Now whether it is the beginning of new year phenomenon when big owners are shuffling their portfolios or something else, that needs to be evaluated.



Top Insider transactions for the week are shown in the table below. JBHT has seen some insiders cashing out, but it is probably expected in big corporations from time to time.



No big purchases by CEOs and CFOs of the corporations. That brings up the question about the bullish sell/buy ratio. Who is buying? Probably investor who are 10% owners and not necessarily the company officers.



Trend in the industry has been strong in oil and gas. Let us see if the slumping oil prices in past few days has any impact.



Like every one on the wall street, let us hope no nasty surprise is out there during the earnings season. Good luck to all.