Wall Street's 'Dirty Little Secret'
I
have been writing for two years about how the SEC is worse than useless and toothless,
because
it still gives the least informed members of the public the illusion that there is a
governmental
agency
policing and preventing investment fraud and insider trading. More proof has come
just come
out -
5/18/2009 - about just how terrible the SEC is. It's all in a new GA0
(Government Accounting)
report.
For exmple:
"In one case, an enforcement attorney told the
GAO that a company offered to
pay
$1 million to settle a case, but the attorney recommended no penalty because "they
did not
believe
the commission would approve the company offer."
See -
http://www.star-telegram.com/business/v-print/story/1380769.html
Flagrantly Illegal
insider Trading is rampant and commonplace. This is the
inescapable conclusion we reach looking at all the evidence. The SEC exists mostly
to
give the appearance of fairness for all investors on Wall Street. Insiders sell out
on
when
false, exaggerated and distorted "good news" comes out that they know will soon
turn
bad. Earnings and earnings' estimates cannot be safely trusted.
After-the-fact
discoveries of "Cooked Books" and CEO Lies and cover-ups are very common.
Since 2001, the SEC has prosecuted
about 50 cases of insider trading per year.
That is not nearly enough to stem the tide. Insiders who use a modicum of discretion
have no fear, especially if their gains are not out of the ordinary. The SEC picks a
minute
number of high profile individuals to prosecute for insider trading. This is for
show!
99.9% of the other cases where big gains are made flagrantly using insider trading
are ignored. The prosecution of a very few well known people is done for public
consumption, to make it seem that the SEC is protecting the public. This was
mainly true
in the Clinton Administration, too.
Certainly, the SEC rarely goes after the biggest investment banks, where so much
of the insider trading takes place. Look at the steadily red negative readings from
the TigerSoft Accumulation Index, for example, in Citigroup. These were
insiders
and their friends selling out. Even using the official records, insiders sold 1 millon shares
in 2007 at or near the top!
See Tiger Blog 11/25/2008
RECKLESS
CITIGROUP INSIDERS SOLD 1,000,000 SHARES IN 2007.
Now taxpayers are bailing out
the company with more than $45 billion.
Why does the SEC not go after insiders like these?
Why not Kellinger (Washington Mutual) or Rubin or Prince (Citigroup)?
Just below is the WM chart I put on our Blog for 12/28/2007, nine months before I
warned it might go bankrupt, based on how extensive the insider selling was.
The TigerSoft chart shows you exactly what to look for.

See also
- SEC charges Mark Cuban
with insider trading... He is the best known figure to be accused
by the SEC since its 2002
case against Martha Stewart. - Sacramento News ...
- The Undercurrent | insider
trading (April 6, 2008)
- A Financial History of
Modern U.S. Corporate Scandals: Since Enron
- Insiders
circumvent insider trading regulations...
Insider selling is
rampant and goes unpoliced. The
evidence is in the TigerSoft
charts. "Someone always knows", we say. Use the TigerSoft charts to see if
insiders are buying or selling and you will do very well in the stock market.
The Scandals of ImClone, Enron, Arthur Andersen, Health South, Homestore.com,
K-Mart, Martha Stewart, Merrill Lynch, Qwest, Jack Grubman of Smith Barney,
Tyco,
US
Technologies and WorldComm are the tips of the ice berg. They have just whetted the
appetites
of a new generation of Corporate CEOs, Presidents and Board Members.
Some history, lest we
forget.
A senior U.S. Securities and Exchange Commission official recently said
that insider trading
appeared to be "rampant" among Wall Street professionals and the agency has formed a working
group
to focus on it. "I believe we're going to see
more insider trading cases," Linda Chatman
Thomsen, the SEC's enforcement director, told reporters on the sidelines of a
securities fraud
conference. "I am disappointed in the number of cases we
are seeing by people who make an
abundant livelihood in the market that they are sort of abusing by insider
trading,"
( http://www.investorvillage.com/smbd.asp?mb=4148&mn=85622&pt=msg&mid=3324116
)
IMPORTANT: "Fortunately, savvy TigerSoft users can readily spot what Big
Money
and Insiders are doing with their own money. It is only when we buy when they
buy and sell when they sell, altogether disregarding what CEOs say, that we can make
some real money." William Schmidt, TigerSoft
Check back here for More Studies.
See NY
Times List of Insider Trading News.
Another possible source of data on insider trading is http://www.biginsiders.com/index.php |
InsiderTrading Studies by
TigerSoft
"Insiders always know in advance."
Never forget that phrase. Let TigerSoft show you how to
reap the rewards that come from closely
following the tell-tale signs of insider buying, insider accumulation, insider selling
and insider distribution.
See
below for more details.
$75 -
TigerSoft Books by William Schmidt, Ph.D. (Columbia Univ.)
"How To Spot Insider Selling and Make
Killer Short Sales in Any Market"
===> Order Book
"Explosive Super Stocks: How To Spot Them
at The Start of Their Move:
The Conditions That Launch Each
Year's Biggest Gainers and Then How Not
To OverstayOne's Welcome." -->
Order book.
"Tiger's Tahiti System: 24.4%/Year: 1970-2007: Buying
The Most Accumulated
DJI-30 Stock." -> Order here.
TIGERSOFT STUDIES OF INSIDER TRADING
>>> 11/25/2008 Easily Spot Key
Insider Selling Using TigerSoft. Compare The Insider Selling
Shown on The
TigerSoft Charts of Citibank with Those of Bear Stearns,
Lehman Brothers,
Washington Mutual, Freddie Mac, Fannie Mae, Trump,
Northern Rock and
General Motors.



>>> November 21, 2008
Four Phases of A Typical
Speculative Stock:
Take Off, Topping Out,
Collapse, Base Re-Building.
Examples of DRYS and TASR.
>>> June 4, 2008 Far from Over, The
Credit Crunch Is Worsening:
Charts Showing heavy distribution: NEXC, ABK, MBI, LEH, FCFC, CORS, CCBO
CNB, WM, IBCP, GSBC,

>>> 5/20/2008 Oil Stocks: TigerSoft
Charts show how Insider Buying put us on high alert
in the year's biggest
gainers.
The cases of MXC, PDO, ROYL, GENC and MPET



>>> 4/13/2008 Significant Insider
Buying - as Tiger defines it - is present in best
performing stocks
of the last year. This
is true in every study we do. is Dey
>>> 3/16/2008 Insider Selling at
Bear Stearns
>>> 2/26/2008 Big Money Accumulation
in Food Commodities.
>>> 1/24/2008 JPM
Morgan and Rural Cellular.
We detect insider buying by the Accumulation Index surpassing .50.
Notice the bulges in November and April below...
More examples - http://www.tigersoft.com/Tiger-Blogs/12-31-2007/index.htm
>>> Schering
Pl;ough Accused of withholding data showing its anti-cholesterol drug, Vytorin, is no more
effective than Merck's older,
cheaper Zocor. Schering-Plough's President is accused of selling 900,000
shares seven months before these
results were made public. CBS News Story.
9/16/2008.
>>> Insider Trading at The Fed.
Only occasionally are charges brought against Fed officials, as in 1988.
Did you see how the market turned
up the day before Bernacke said he would lower rates.
His cronies on Wall Street got the
word a day ahead of the rest of us. This is exactly what happened
back last August. This is
clearly "insider trading". But the SEC is not going to investigate
the FED! The little guy just
has to take it! What's worse, the little guy on a fixed income
just must accept the +10% fall in
the Dollar for the last 12 months and all the inflation that
necessarily brings as Bernacke
lowers rates to bail out mortgage lenders and banks. Bernacke is
the pawn of Wall Street. He
clearly seeks their approval with every utterance. The little guy plays no
role in his political
calculus. I predicted Bernacke would do all he could to avert a stock market decline
until after a Democrat was in the
White House in 2009. That is Bernacke's prime directive. The problem
is that the dollar's decline is
accelerating now. At some point soon, investors in US stocks will
decide to jump ship. rather than
hold US denominated assets. That will cause an even bigger massacre
of stock prices.
William - tigersoft.com 1/12/2008 See my Blog of 10/31/2007
http://www.tigersoft.com/Tiger-Blogs/10-31-2007/index.html
Take a look at Paul Erdmans 1997
"fictional" novel, The Set-Up.
where an ex-Fed Chairman is accused
of insider trading.
, 
>>> Insider
Activity for week ending January 4, 2008 - by Wall Street Journal
>>> Must be nice to be so
lucky! New
Imclone CEO, Johnson, bought $500,000 worth of ImClone stock 4 days before
it
announced its lead drug, Erbitux, has been shown to prolong the lives of lung cancer
patient/ Stock
jumped
18% on news. "Tell us another bed-time
story." "How dumb do they think we are?"
"They're also offering the
Broklyn bridge." "Incredulous = "incredible, unbelievable - beyond
belief or
understanding; "at
incredible speed"; "the book's plot is simply incredible"
>>> Insider
Selling Crunches Confidence in Shoe Stocks: Crocs (CROX) and Brown Shoes (BVS) 1/9/2008
>>> Erik Sirri, The SEC's Top Insider Trading Regulator Dismisses The
Desirability
of Regulating Insider Trading. 1/8/2008
>>> Insider
Seling at Bear Stearns (BSC) and How TigerSoft Spots and Trades It.
1/4/2008
>>> Insider
Selling by Dow Jones Insider Only Brings SEC Insider Trading Charges against
The "Little Guys" 1/3/2007
>>> Insider
Selling at Washington Mutual and CitiGroup Should Make Shareholders "Mad as
Hell" 12/30/2007
>>>
Law Suit "MATTEL
( MAT ) HIDES TOY RECALLS
UNTIL INSIDERS CAN SELL."
Santa's Toy Makers May Go To Jail? 12/27/2007
>>> Insider
Selling at Quest in 2001-2003. 12/27/2007
CEO Lies, Bullying,
Greed and Insider Trading... "To Hell with the
Widows and Orphans" Is CEO's attitude."
>>>
Insider Trading in the News MSN - A
New Wave of Insider Trading and ONXX 12/26/2007
>>> Insider Selling: British
Style. Is Northern Rock The Tip of The UK Ice Berg?
http://tigersoft.com/Tiger-Blogs/index.htm
12/26/2007
>>>
Insider Selling and Heavy
Institutional Buying: The
Case of KTEC
http://tigersoft.com/Tiger-Blogs/12-22-2007/index.html
12/22/2007
>>> Insider Selling in Chinese
Stocks Rivals US in 1929.
http://tigersoft.com/Tiger-Blogs/11-27-2007/index.html
11/27/2007
>>>
How To Spot and Easily
Survive Dangerous False Breakouts.
http://tigersoft.com/Tiger-Blogs/11-15-2007/index.html
11/15/2007
>>> Reliably
Profitable TigerSoft Short Selling Tools and Techniques
http://tigersoft.com/Tiger-Blogs/11-9-2007/index.html
11/9/2007
>>> Lots of Stocks Look Like Good
Short Sales
http://tigersoft.com/Tiger-Blogs/11-6-2007/index.htm
11/6/2007
>>> Rules for Trading Food
Commodities with TigerSoft's
Accumulation Index To Spot Big
Money Buying/Selling.
http://tigersoft.com/Tiger-Blogs/10-7-2007/index.htm
10/7/2007
>>> Insider
Selling and Data Falsification at ImClone in 2001
http://tigersoft.com/Tiger-Blogs/9-17-2007/index.html
9/27/2007
>>> Biotech Series: Insiders Rule:
The Amgen Take-Off: 1990-1991
http://tigersoft.com/Tiger-Blogs/9-6-2007/index.htm
9/7/2007
>>> 2007's Best and Worst
Performing Stocks.
Tiger's Accumulation Index Makes The Difference 8/29/2007
http://tigersoft.com/Tiger-Blogs/8-30-2007/index.htm
>>> Widespread Insider
Selling before The Bad News Comes out. The Hall of Shame!
http://tigersoft.com/Tiger-Blogs/8-3-2007/index.htm
8/3/2007
>>> Housing Correction Continues.
No Bottom In Sight, Yet
http://tigersoft.com/Tiger-Blogs/6-28-2007B/index.htm
7/28/2007
>>> Tiger's Tahiti System Keeps
Churning Out 20%/Year Gains Using the DJI-30..
http://tigersoft.com/Tiger-Blogs/6-15-2007/index.htm
6/15/2007
>>> Insider Buying Is Very
Evident in San Diego's Top Performing Stocks - 6/11/2007
>>> Tiger's Sunken Treasure Stock, OMR - Odyssey Marine
Exploration doubled in one day 5/18/2007
>>> Flagrant Insider Trading at Novastar. Criminal Investigation 3/9/2007 See chart and story
below
>>> Biggest Gainers since July
2006 Bottom: The Tell-Tale Signs of Insider Buying, 2/26/2007
>>> Insider Selling at NEM - Newmont
Mining... 10/2/2006

|