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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: tide who wrote (28399)	9/19/1998 10:32:00 PM
From: yard_man	Read Replies (2) \| Respond to of 94695

Tide, If you read up on it, most authors will say that insider activity doesn't count for much. I haven't undertaken any study of it myself. Insider buying is supposed to be more important or have more of a correlation with individual stock moves than selling, but it is important to remember they are looking at the correlation at different times depending on the stock they examined and most of the time the markets are trending up. The short of what I'm saying is such buying means nothing to the overall trend of the market. At least I haven't read of any studies that correlate such buying of individual stocks by execs with the overall trend of the market. According to Fossback the biggest bullish indicator is buying by members of the NYSE. If they are buying (net) it is very bullish. I don't know how one find out about this one. I think this particular, insider buying is only of peripheral interest, even as to whether or not to buy individual issues, especially with the large scale use of option awards. Be wary -- I think this is sometimes used to hype individual issues that are "in the can" for legitimate reasons.