The Watchman Letter: Look at this Chart before you buy the dip today 10/12/2018

in #christianity • 6 years ago

The Stock Market is indeed oversold with the 1400 point drop in the Dow. I was tempted to buy the dip in the Stock Market today. But I look at the Corporate Insiders Stock positions at Amazon/ AMZN and I was shocked.

Amzn Insiders massive selling.jpg

The Executives at Amazon have been uploading their shares. The purchase number is inflated because of compensation shares & bonuses. The actual 12 month purchase number is 52 and Shares purchased should be 71,091.
This means 86% of their stock transactions was sales. This is a very negative sentiment by the management at Amazon.
They know something the average retail investor does not. The Fat Rats are the first to leave the sinking ship.

6 years ago in #christianity by
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