Over the past couple of months I have altered my stance on reported "insider" buying. Many investors put so much "faith" in the fact that those "insiders" who know so much about their companies ( am thinking of GM/Tracinda today and Kerkorians's age and how quickly he lost so much) are salting away stock for the long term.

Insider selling to me was always a non-event. Diversification of your companies assets is smart estate planning.

These days the Wall Street broker crowd knows well how to massage the numbers of insider buying, especially on an IPO. The brokers/bankers get the insiders to buy shares in the aftermarket so that the number will be reported. It is a farce. They sell the same shares soon after. It is all done to show how the insiders are grabbing shares and to let the public know how much confidence they have in the prospects for the company. More of the same. It is sham reporting. Believe it.