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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (7171)	2/7/2004 10:21:56 AM
From: russwinter	Read Replies (2) \| Respond to of 110194

<warning signal that the stock rally is not going to last IMHO> Interestingly the Ameritrade online crowd sold the Friday rally. Only 27.16% of their trades were buys. Mutual funds are down to around 4.0% cash levels, and domestic inflows were only $2.6 billion the week leading up, and that's with a major IPO/secondary surge. Plus insider selling is now hitting it's stride. From Thomson: Looking Ahead to February Thomson said it expects to see a month-over-month increase in executive selling from January to February. This has been the trend every year since 1990 and can be largely attributed to the lifting of corporate restrictions on insider trading that coincides with the conclusion of 2003's fourth quarter earnings reporting season in January. Additionally, February often ranks as one of the highest months for sell activity in a given year as executives often postpone year-end sales in order to defer capital gains liability to the following year. Since 1996, insider buying has increased every February (with 2002 being the exception). Was it Joe and Martha getting a sudden hard on? That wouldn't be consistent with the online action though. Difficult to know who bought this rally. Volume was very average, almost looks like a futures generated pumping action by somebody, and more short covering? I'd put it in the fishy category.