REIT Insider Has Left The Building
Here is something to think about from Elliott Wave Intl. as we head into a big week on Wall Street. "Barron's magazine last week reported that a top exec at a real estate investment trust sold his shares for $18.3 million."
"There is no question that insiders are selling; during this past March insiders sold 60 times more company shares than they purchased (60:1), close to the most extreme ratio ever. How extreme is this? Historically speaking, a 20:1 selling to buying ratio is considered a bearish indicator; today's figure is 3x as great."