24 September 2009

The Term is Pump and Dump

Happy, happy, joy, joy, the ratio of insiders selling stock to insiders buying stock has
fallen to only 40.6:1 seller:buyer.

At the end of August, it was 61.8:1, but even with the improvement, a lot of folks are getting the f#$@ out of Dodge.

This is what happens when the Federal reserve's prescription for a financial crisis is to print money for banks to buy stock, which drives the price up, and the insiders are selling stock just as fast as they can.

At the rate that this is going, the smart investment won't be gold, it will be ammunition and canned goods.

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