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Originally posted by Crakeur
if you read the comments on the zerohedge article, you'll see that this isn't an increase in insider selling which would imply that this is somewhat normal for this time of year.
insiders must disclose when they plan on buying or selling shares and, as a result, many insiders have planned purchases and sales and this could just be normal, end of year selling, per that schedule.
Originally posted by -W1LL
how long before they sell do they need to report it?
Time of filing
A.at the time of the registration of such security on a national securities exchange or by the effective date of a registration statement filed pursuant to section 12(g);
B.within 10 days after he or she becomes such beneficial owner, director, or officer;
C.if there has been a change in such ownership, or if such person shall have purchased or sold a security-based swap agreement (as defined in section 206(b) of the Gramm-Leach-Bliley Act (15 U.S.C. 78c note)) involving such equity security, before the end of the second business day following the day on which the subject transaction has been executed, or at such other time as the Commission shall establish, by rule, in any case in which the Commission determines that such 2-day period is not feasible.
This seems like pouring hot water on a teabag that has been used to make three cups of tea already.
The minute the FED has bought bonds with newly printed dollars the whole dow shoots up with the money which is not even actually printed :O , so big investors can make a buck and i guess it is supposed to trickle down so the whole country and economy can benefit from it
Originally posted by antar
reply to post by 13th Zodiac
Why December first? Wouldnt they wait till after all the Christmas purchases? Also when I read this post, my date on my comp was December 1st. I fixed it but have never had the date wrong so I took it as some kind of warning...
Originally posted by 13th Zodiac
Originally posted by ac647
nothing to worry about.
I challange you to come back here Wednesday morning and say that friend .
Go on dare ya !
Who are "Insiders":
Corporate officers, directors, and 10% owners
What is "Insider Trading":
Corporate insiders buy and sell stock in their own companies
Insider Trading Law:
Short-swing profits (profits realized in any period less than six months) by corporate insiders in their own corporation's stock are prohibited.
Insider transactions must be reported to the SEC by filing a FORM 4 within two business days of the date the transaction occurred (2002 Sarbanes-Oxley Act)