Uh Oh -- Insiders Are Selling at Apple

[Mac Reporter]

Several top execs have cashed in nearly $50 million worth of stock. Last time that happened, the shares soon went south

Given runaway sales of its iPod digital music player, it seems Apple could hardly be doing any better these days. But is that what some of Apple's own executives have decided, as well?

Full story at BusinessWeek Online.

[Henjie]

Originally posted by Mac Reporter
But is that what some of Apple's own executives have decided, as well?

Or maybe BusinessWeek is just reading too much into the story. 3 million is less than 1% of the total number of Apple shares (around 369 million).

I'd be worried if some top Apple execs decided to sell all of their Apple stocks in one go. For all we know, the execs in question are just diversifying their portfolios (whoa, where'd that come from?). ;-)


~Henjie

[dust]

Maybe they need the money to buy a Ferrari Enzo or MB SLR McLaren.

[Henjie]

Originally posted by dust
Maybe they need the money to buy a Ferrari Enzo or MB SLR McLaren.

Hahaha. Fellow car nut! I actually thought of posting that very same assumption! :-)


~Henjie