The Corporate Cash Register at 2006-03-09 21:54:06
As many of you are aware, I watch insider trading very closely. I am amazed by the massive amount of money being made by insiders as they cash in their stock options and grants. While Wall Street continues to yell "buy", insiders are selling. Here are a few examples:
Google (GOOG) : Only recently have a few analysts begun to turn cautious. But here are the latest analyst opinions, and here are what the insiders are doing. I guess insiders do not listen to analysts.
Even this yahoo report does not tell the entire truth behind the insider sells in Google shares. You might have to take an insider service to get a more accurate picture.
United Health Group (UNH): Insider Transactions. At the top of this list, you'll notice where the Chairman exercised an option for 2.3 million shares at $5/ share, and cashed out at $59.10, pocketing a cool $11,518,000. What a racket!
Here are the analyst opinions.
On the flip side, lets look at Boston Scientific (BSX): Two firms recently downgraded the stock to neutral and hold respectively. Once again the insiders ignored the analysts opinions.
I could go on and on, but I think your getting the picture.
Blog Source - http://www.johnmugarian.com/index.rdf
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