Today’s tech market turmoil: Any journalist who monitored inside trading reports might have seen it coming.
These reports can provide a glimpse into impending trends into the tech market. Recent changes in the market could have been foreseen in the way a number of key Internet execs were unloading massive amounts of stock.
Usually, insider sales of stock by key tech execs collectively average between $1 billion and $3 billion a month, according to the First Call/Thompson Financial Company, which tracks insider sales.
Last month, those sales totaled $12 billion, with the huge surge attributed to technology execs unloading their shares.
One website helpful in montoring insider stock sales is the 10K Wizard. This site makes all official corporate filings with the U.S. Security and exchange Commission available online.
Once you’re there, click on the “Insider Trading” button to snoop around. And if you really want to have fun, type in a company name, stock symbol, or a chief exec’s name and look at the DEF 14 (for definitive proxy) filings to see the salaries paid to the heads of some of these overvalued dot com companies.
