Comments on Fund My Mutual Fund: USA Today: CEO's Not Buying Stock in Their Own Com...

Money lists the top 10 biggest insider purchases w...

2009-02-17T17:07:51.962-05:00

Money lists the top 10 biggest insider purchases weekly here:

http://news.moneycentral.msn.com/process/insider/top10insider.aspx

#2 in CENX, an aluminum producer I've been following... Wonder aht they know?

jegan

TM: I subscribe to Insider Score, and that is corr...

2009-02-17T13:57:41.517-05:00

TM: I subscribe to Insider Score, and that is correct - there has been scant insider buying. Insider Score's market wide buying indicator tracks very closely my sentiment indicators, and in fact there was a whole host of buying last september and october, so even the Insiders can miss time things once in a while. Currently, my sentiment indicators show the "smart money" getting more bullish (which is a good sign) with the "dumb money" getting more bullish (which is a bad sign as there are too many folks on the wrong side of the trend); this will likely take 3-4 weeks to work itself out.

I'm going to say that the main reason is the first...

2009-02-17T10:33:12.786-05:00

I'm going to say that the main reason is the first one you listed - a cash crunch. These guys make crazy amounts of money, but they don't just sit there on it. I'm sure they have been hammered like everyone else (perhaps more so) with the decimation of the hedge fund and real estate values. Many may love to buy their own company stock right, but don't have the cash to do so.

yup no stock buybacks and no insider buying. well...

2009-02-17T10:00:23.122-05:00

yup no stock buybacks and no insider buying. well, save for ken lewis. historically though, buybacks always occurred when everyone's drinking koolaid anyways... DOW 14000!!! haha

http://www.marketfolly.com/2009/01/where-are-stock-buybacks.html