Tuesday, May 5th, 2009

Sell Some Stocks Now, Say Rich People

Profit TakersThere's big profit-taking market moves during the mini-rally! CEOs and chairmen are selling the holy bejeesus out of their stocks. For one, Jeff Bezos cashed in for $65 million on Amazon-somewhere near 1% of his Amazon stock holdings-and then sold some more, three days later.

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They are all "going galt." Let Layne know.

ecgroom (#570)

Hey, they have bills to pay to ya know.
I'm not so sure this a good indicator.

whowhahuh (#57)

Most chairman have program selling every quarter, and really cannot deviate due to shouts of insider trading. Where you want to look is senior to executive management selling. They are the ones who know.

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