Corona Del Mar, CA
Howdy Chris,
Oh man, the CEO of Nvidia is selling shares. $42 million worth.
(Although his net worth is $43 billion, so pretty much a drop in the bucket...how come no one noticed that?).
Does that finally mark the top?
Wait, does insider buying/selling predict anything?
You should never assume something works -- an idea must be tested.
Just because insider info is published everywhere, and even available as a trading service doesn't mean it actually works.
Heck, traders draw trend lines and chart patterns on stocks every day of the week, even though that is 100% without a doubt a pseudoscience because it is not repeatable.
(that, and I accidentally disproved it using a supercomputer network...18 months of my life -- and two other employees -- that we'll never get back).
Lucky for us, there are plenty of studies on insider transactions.
They all point to one conclusion: They're not very predictive.
You're better off using price-based strategies.
Are you surprised anymore that Wall Street is full of quackery?
Jump on over to Google Scholar search and see for yourself.
So what is a trading strategy with 633 round-trip trades saying?
NVDA is still on a buy:
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