Insider Data - Week ending 02/06/2010

Another interesting week. The sentiment was negative for sure, but some corners of the market are still holding on and trying to milk the most they can. It certainly ain't the game of weak hearted or non-serious people. Yes, it is turning out to be a game rather than investment activity out there in the market.

There was some big insider sales during past week. GOOG is the one well known name that saw some of that and you will see more names in the next section. The point is, a few big sales have skewed the over all balance towards sell sentiment among the insiders. Let us see if more insiders cash in now that market in general is jittery. It will probably be the true test of the insider sentiment. Rolling sell/buy ratio is shown in the table below. You might notice that suddenly the 13 week rolling average has plunged compared to previous weeks. Its just a cycle thing, since the big sales during the week of 11/07/2009 have rolled out of the thirteen week cycle this week.



AVGO has seen lot of outflow from company insiders. Most of them are big institutional investors and might be timing their exit since the market seems directionless at least in the short term. Also GOOG and MSFT saw some insider sales. I think GOOG will see more sales based on announcements by Larry Page about reduction of his holdings in the company.



Specialty retail did well last week and so did the biotechnology. May be insiders are seeing some value in the these two industries. Other major industries with positive sentiment are shown in the table below.



Lets see what next week holds for people in the gambling pit that wall street seems like these days. Cheers.