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INSIDERS ARE BUYING THE DIP

Insider buying trends continued to improve this week as the market decline and insiders buy the dip.  For the weekend ending May 22nd insiders purchased a total of $47MM in stock.  This brought the 4 week moving average to $37MM which was the highest level since the depths of the credit crisis.  Insider selling, however, remains dramatically higher as insiders sold $693MM in stock.   Of course, we would place more emphasis on buying on insiders sell for numerous reasons, but only purchase stock for one reason – they believe the stock is going up.

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