Selling, by insiders or others, provides poor guidance, if any. The reason this is so is that there are a multitude of reasons to sell an investment (home, car, vacation, illness, tuition, taxes, needful parent/child/loved one, etc.), and only one of them is investment based (that is, because one thinks the investment vehicle will underperform other investment vehicles). The odds that a sell order represents an investment decision therefore are very poor. It is like concluding from the observation that 20 vehicles are traveling in the same direction that they are bound for the same destination.
I concur with your anlaysis.
Regards,
John |
