MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (12473)	5/31/2002 2:23:55 PM
From: ahhaha	Read Replies (2) of 19219

Who says that insiders know anything about whatever they're selling, since the managers of the companies don't know either? Insider selling has been notoriously unreliable if not reliably wrong. It is inside buying when the market is rising from a low that has been a fairly good indicator. It's only fairly good though. Why should anyone believe that insiders know about the future of a company? The future of a company is only to a minimal extent determined by internal factors including actions by managers. The best a management can do is position the company to benefit if certain external factors get in place. Management has no control over external factors. In fact, heavy insider selling is a good indication that the selling phase is just about over. The insiders are getting out just in time in their view, but their view is necessarily narrow and well-conditioned by the obvious external news. They get out just in time to minimize return which should be the reward for pretense to knowledge.

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