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Newmont Mining Corporation Message Board

  • jackdnls76 jackdnls76 Dec 23, 2003 1:36 PM Flag

    Insiders are SELLING

    it's on CNBC.................get out now!

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    • Exercising and not selling ISO's may well kick in the AMT, your link doesn't address any details. But exercising and selling has to make it a cap gain that should avoid AMT problems.

      However, the main issue still becomes why rush to do either in the middle of December, when waiting a couple of weeks pushes whatever tax liability into the following year.

      I've been a NEM long since 1999, and an insider watcher for 25 years. I consider this to be a possible early warning sign and will act accordingly.

      It would be interesting to see if there's a believable comment from management on this selling.

    • sabbath_bloody_sabbath_00 sabbath_bloody_sabbath_00 Dec 23, 2003 5:47 PM Flag

      no matter how you try to spin it, insider selling is NOT GOOD

      tax reasons, cash, whatever. If they thought Newmont was going to go up soon, they would not have sold now

    • Stock Market "Insiders"selling has,reportedly,outweighed buying by a ratio of 10 to 1.Since this was revealed,the Dow Industrials have risen over 300 points.The moral of this analogy is that if insiders are selling NEM(most likely,tax reasons,and options related)the future of NEM will not be affected,other than temporary,emotion led liquidation.There are more influential forces at work and they will dominate.

      • 1 Reply to clageo
      • Actually insider selling in the broad market has been running at over $40.00 to $1.00 of buying and holding at extreme levels for six or seven months now. Historically a short period of 20 to 1 selling has been the signal for bear market action, so this is without question unprecedented activity, far worse than preceding the bubble implosion in 2000.

        I say unprecedented because I'be been closely following insider activity for 25 years and have never seen anything like this. The oldest tracking service I'm aware of goes back 32 years and they say the same thing.

        It's not a timing signal since insiders are usually early, but a warning nonetheless.

        As several here have suggested the recent NEM selling isn't a concern yet, but needs to be watched.

    • it's on CNBC.................get out now! ///////////////that's all I have to hear for me to hold and buy more,

 
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