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

To: Jim Willie CB who wrote (9243)	3/2/2004 10:51:59 PM
From: Box-By-The-Riviera™	Respond to of 110194

hey big guy, you watching? nothing to say? ho ho ho

To: Jim Willie CB who wrote (9243)	3/3/2004 1:39:19 AM
From: westpacific	Respond to of 110194

US insider sales climb to near 3-yr high in February Tuesday March 2, 4:00 pm ET NEW YORK, March 2 (Reuters) - U.S. executives unloaded a record $4.9 billion worth of their own companies' stock in February, the highest level since May 2001, as insiders sought to lock in gains from a stock market trading near 2-year highs, new data showed. The sales in February more than quadrupled from the $1.1 billion in insider sales logged in February 2003, according to a survey by Thomson Financial released on Tuesday. In one example, executives at medical device maker St. Jude Medical Inc. (NYSE:STJ - News), based in St. Paul, Minnesota, sold 446,576 shares for $32.3 million. Chief Executive Terry Shepard sold 187,720 shares worth $13.7 million a few days after the stock hit its highest level in at least seven years. Analysts have said a large amount of insider stock sales often precedes a decline in stock prices, but the market's strong advances since March 2003 have confounded that theory. "There's no question that the level of selling is high," Lon Gerber, Director of Insider Research for Thomson, said. "This is my hypothesis, but part of the reason (for the heavy insider sales) is that insiders are now more risk-averse and I think diversification is more desirable." Executives bought $96 million worth of stock in February, down from $115 million in stock purchased a year earlier. Heavy buyers in the month included Overstock.com (NasdaqNM:OSTK - News) CEO Patrick Byrne who bought 619,700 shares for $13 million near its all-time high. Three insiders at diversified manufacturer MMM Co. (NYSE:MMM - News) combined to buy 9,600 shares for $764,238, not too far from the stock's all-time high of $85.69. The purchases marked the first insider buying since 1999, the report said.