The Home is Hot, but Not Much Else- Insider Buying Tapers off with 3rd Quarter Earnings Blackout
The market has been trending lower, all major averages are testing the 50 day moving average. In this kind of juiced up market, technical traders have an unwarranted influence. My guess is that we will undercut the moving average in a test of investor faith but this could go on for weeks if not months. Investors that lack confidence bail easily. Short sellers know that- and they also know that corporate insiders are blacked out. Most companies have self-imposed restrictions on buying or selling their companies’ stock insider thirty days from quarter end. The following companies had large insider buying last week. We are digging … Read more