Thursday, December 07, 2006

63.18 to 1

A $63.18 to $1 sell vs. buy ratio...corporate executives are selling the most shares since 1987. People sell stock for a lot of reasons, but never because they think the price will go up soon.

Dec. 6 (Bloomberg) -- Stock sales by America's corporate chieftains exceeded purchases last month by the widest margin since 1987, suggesting they don't share the confidence of investors who sent the Standard & Poor's 500 Index to a six-year high...

``They're pretty savvy market guys,'' said Wayne Wilbanks, who oversees about $1.2 billion as chief investment officer at Wilbanks, Smith & Thomas Asset management LLC in Norfolk, Virginia. ``They see things are slowing down, and they're like, `Man, I'm taking some money off the table.'''

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