intresting.. IT makes sense actually.. why wouldnt they be

quote:

Originally posted by Nrg2Nfinit intresting.. IT makes sense actually.. why wouldnt they be

huh?

quote:

Originally posted by Nrg2Nfinit intresting.. IT makes sense actually.. why wouldnt they be

Of course. All insiders have to report trades to the SEC/OSC. The question is, how useful is that information, truly, to an outsider? CEOs and CFOs can't actually predict or cause major market moves. They may know if they're about to release a rosy balance sheet, but look what happened with Citigroup; they announce that they're doing great, and you can practically hear the crickets chirping.

Insider followers love to tout their successes but neglect to mention their failures. Same with most traders. Personally, I think the whole insider trading hubbub is overblown. The people who matter are the ones in the pits, and the larger speculators.

___________________
My party schedule:
2009-02-21 - DJ Attention @ I'm So Popular
2009-06-18 - DJ Annoying @ People Need To Know Where I'll Be
2012-11-32 - DJ Insufferable ɸ Or At Least the Stalkers I Complain About
2048-06-66 - Spastic & Whocares ¶ Although I'm Actually Flattered
9999-45-81 - Tweaker Gimp ☼ I Probably Won't Even Go To This But I Have To Make Sure I Fill Up All The Available Space Here

I wouldn't base my entire portfolio simply on stocks with high levels of insider ownership, but executive level insiders that are growing or shrinking their holdings can be quite relevant.

Mosaic theory ftw

quote:

Originally posted by Skipper I wouldn't base my entire portfolio simply on stocks with high levels of insider ownership, but executive level insiders that are growing or shrinking their holdings can be quite relevant. Mosaic theory ftw

Ahhhhh, it's still a crap shoot really. See Jeff Immelt, Michael Dell, Aubrey McClendon for the other side of the pie. A lot of CEO's also think their companies deserve to be trading at much higher multiples than the market dictates.

___________________
We are the kids of the quiet revolution, and we fight for a new quiet concept of evolution. We play house music.

quote:

Originally posted by slingshot Ahhhhh, it's still a crap shoot really. See Jeff Immelt, Michael Dell, Aubrey McClendon for the other side of the pie. A lot of CEO's also think their companies deserve to be trading at much higher multiples than the market dictates.

Immelt GE's been my worst investment so far, and I thought it was a no-brainer. I'm giving those clowns one more week to prove that they can do something other than suck.

___________________
My party schedule:
2009-02-21 - DJ Attention @ I'm So Popular
2009-06-18 - DJ Annoying @ People Need To Know Where I'll Be
2012-11-32 - DJ Insufferable ɸ Or At Least the Stalkers I Complain About
2048-06-66 - Spastic & Whocares ¶ Although I'm Actually Flattered
9999-45-81 - Tweaker Gimp ☼ I Probably Won't Even Go To This But I Have To Make Sure I Fill Up All The Available Space Here

quote:

Originally posted by slingshot Ahhhhh, it's still a crap shoot really.

The whole market is a crapshoot these days, yes I agree with that!

I've been using Questrade for a while now. I didn't know you could do trailing stops? Is that not a function of webtrader? I can't seem to find it...

Questrade does not offer stop loss option for stocks traded on the TSX

quote:

Originally posted by DigiNut [FONT=Tahoma][COLOR=#99CCEE] look what happened with Citigroup; they announce that they're doing great, and you can practically hear the crickets chirping.

I'm sure that citigroup having government bailouts has something to do with that.

quote:

Originally posted by Nrg2Nfinit I'm sure that citigroup having government bailouts has something to do with that.

Sure, no argument. After people dug into WFC and found out how they cooked the books, traders had already factored "record profits" into the prices for JPM and C. But the point is, insiders are just people and they're as susceptible as any other people to trading on blind hope or paranoia, so unless they are in possession of truly shocking information, it may not mean much that they're buying, selling, whatever.

Skipper's right of course - dramatic moves on the inside can be relevant information - but there are people who think it's a great idea to just trade whatever the insiders are trading, and even in my limited experience I know that's a recipe for disaster.

So, off that topic: why the hell are coal traders worried about swine flu, and how the hell did GM manage to claw its way back to $2 on such a brutal day?

___________________
My party schedule:
2009-02-21 - DJ Attention @ I'm So Popular
2009-06-18 - DJ Annoying @ People Need To Know Where I'll Be
2012-11-32 - DJ Insufferable ɸ Or At Least the Stalkers I Complain About
2048-06-66 - Spastic & Whocares ¶ Although I'm Actually Flattered
9999-45-81 - Tweaker Gimp ☼ I Probably Won't Even Go To This But I Have To Make Sure I Fill Up All The Available Space Here