This is a very important indicator :
"Despite Asia crisis, corporate insiders are bullish on U.S. stocks"
Friday, February 13, 1998 7:30 p.m. EST
""Data from the past three weeks show the
insiders think it is time to jump into the market
with both feet," agrees David Coleman, an
analyst who is setting up an investment fund
based on insider trading analysis for Watershed
Asset Management in Washington, DC. "I
believe the market is going to break out from
here." Coleman, for example, notes that a mere
25% of insider transactions in September were
purchases. But that shot up to 43% in January.
"Anyone looking to insiders for clues about the
markets should keep in mind a couple of
warnings. First, they have a great record, but
they don't always call things right.
"Second, you will always be on a slight time lag
when you track their movements. The latest
available trades, which you get to look at
because they must be registered with the
Securities Exchange Commission, are usually
about three weeks old. But it is the overall trend
that matters. And that trend, note the insider
trading analysts, is looking good.
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Mang |
