Zeev's Turnips Patch-No Politics (ZEEV)

[TJ Parker]

re insider buys/sells

what you're saying here doesn't seem consistent with what trimtabs reported. also delayed, for early may:

http://www.trimtabs.com/news/liquidity/latest.html

summary:
buying $118 million in March (not net ...)
buying $70 million in April
selling > $1.8B first week of May

[excerpt ...]

INSIDER SELLING SURGES. THOMSOM SAYS INSIDER BUYING AT MULTI-MONTH LOWS.

Now that earnings season is over, insiders have begun unloading shares big time. Thomson Financial reports that insider intentions to sell #144 shares has surged the two weeks ending May 1. Last week a client sent us the weekly Bloomberg report showing that there was $1.8 billion insider selling at just the 25 companies having the most insider selling the week ending May 2, up from $380 million at the top 25 the prior week. We expect that insiders will continue to unload as long as many stocks – particularly techs and financials – are at yearly highs.

Thomson Financial’s Insider Trading Update for April reports that buying by insiders required to report individual transactions (the top officers and directors only) fell 40% from $118 million in March to $70 million in April, one-third its five-year historical average of $182 million. The last time insider buying was this low was July 2001 – right before the market began a plunge that didn’t end until after 9/11. Prior to July 2001, the last time there was less insider buying was July 1997, which also presaged a big time sell-off.