TigerSoft www.tigersoft.com and www.tigersoftware.com    

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                                                 George Bush, Jr and Harken Energy - HKN - 1990
                                                Novastar Financial - NFI - 2007
                                                 Quebecor - IQW - 2007
                                                 Discovery Laboratories - 2006
                                                 Newmont Mining - NEM - 2006
                                                 Copernic - MAMA - 2004

                   Here are a few more of the most heinous examples of insider selling right before the bad news
       comes out.  Such cases seldom make the news or are prosecuted.  Perhaps, that's because
       insider trading charges would snow-ball into an avalanche, if laws against it were ever
       enforced and the white collar perpetrators prosecuted.  Only glaring and egregious cases
       are ever prosecuted.

              You might think that the SEC polices cases where there is such rampant insider selling prior to
       the news.  Not so!  If you are a shareholder of a stock like this, your best bets are on contacting
       a lawyer who files class action lawsuits on behalf of aggrieved shareholders and buy our software.
       SEC filings for corporate insiders' selling are incomplete. 

                         George Bush, Jr and Harken Energy - HK
N - 1990-

              The SEC does not enforce the insider trading laws except in a minor fraction of the cases
       where it occurs.  They are window-dressing to make investors feel there is a level playing field.
      See the egregious case of insider trading involving George Bush Jr. and Harken Energy.  On June 22,
      1990 Bush sold 212,140 shares of Harken Energy.  He was on its Board of Directors.  Two months
      later Harken announced losses of $56 million and financing problems.  By the end of the year,
      Harken had lost 70% of its value.  Bush did not inform the SEC of his sale, as the law requires,
      by the tenth day of the month following the transaction.   He filed the report in March the next year.
      Asked why when the issue came up, at first, he said that the SEC lost the filing.  Later he blamed it on
      Harken lawyers.   The SEC investigated the matter.  It determined he has NOT engaged in insider
      trading and that the late filing was no problem.  Why?   The chairman at the time was Richard Breeden,
      a good friend of the Bush family who had been nominated to the SEC by George H. W. Bush and had
      been a lawyer in James Baker's firm, Baker Botts. The SEC's general counsel at the time was
      James Doty, who would represent George W. Bush 9 months afterwhen he sought to buy into the
      Texas Rangers (although Doty excused himself from the investigation). Bush's own lawyer was
      Robert Jordan, who had been "partners with both Doty and Breeden at Baker Botts and who later
      became George W. Bush's ambassador to Saudi Arabia." (See full report at bottom of this page.)
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       We use "insider trading: to mean "insider informed trading",  the type of extensive buying or selling
       which is so prescient that the buyer or seller clearly must have had access to information from the
       company which was not available to the general public.  We define it technically in our book on short
       selling.  For purposes here consider insider selling to be detected when the stock's Accumulation
       Index drops below -.25 and its ITRS (relative strength) is negative.  Usually the blue 50-day mvg.avg.
       is falling.  This means the stock is being sold by insiders while the rest of the market rallies and
       this stock is lagging.  There are numerous examples on our website.  They will "jump out" at you
       with a little study.  And our automatic major Buys and Sells will make them very apparent when
       you look at a chart.  With the Tiger Power-Ranker you can quickly scan a large number of stocks
       for those showing the most Accumulation or Distribution.

                              Novastar Financial - NFI - 2006-
       The 2006-2007 chart of Novastar Financial (NVI) is a classic example of insider selling.
       NovaStar Financial, Inc., together with its subsidiaries, operates as a residential mortgage
       appraisal management company. The company offers appraisal services to lenders and
       borrowers. It also holds certain nonconforming residential mortgage securities.

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  NYSE:IQW - 2007

   We want to show you how much TigerSoft's Accumulation Index can save you
   in the coming bear market.  Here is the TigerSoft chart  

    Above $9 it showed massive Insider Selling that was to extreme detriment of other shareholders.
   Some smart lawyer is going to get TigerSoft, find these stocks and build a class action law suit
   based on insider selling like that which is shown in this case.
In April 2010, with the general
   market up more than 50% from the bottom, IQW sells for 3 cents a share on the Toronto
   Stock Exchange.

  ================ QUEBECOR WORLD INC (NYSE:IQW) ==================================

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    Nearly all its news back in August and September was completely misleading.
      Its' a fair guess that they wanted to distract from what was really happening.

                                          Aug 2, 2007 -  Quebecor World Wins 27 2007 Gold Ink Awards
                                          Aug 3, 2007 -  Quebecor World (USA) Inc. Offers to Purchase up to 50.1%
                                          of Outstanding Private Notes of Quebecor World Capital Corporation and Launches
                                          Consent Solicitation
                                          September 13, 2007 - Quebecor World Combines French and Belgium Operations
                                          to Create Greater Customer Value
                                          September 28, 2007 -  Quebecor World Announces it has Agreed to New Terms
                                           in its Bank Credit Facility and is Proceeding With the Redemption of All of Its 8.42%,
                                           8.52%, 8.54% and 8.69% Senior Notes
                                           September 28, 2007 -Quebecor World Gets $750M Credit Line
                                           October 15, 2007 -   Quebecor World Announces Percentage for Fixed Dividend Rate
                                           on Series 3 Preferred Shares Effective as of December 1, 2007                                                                           


      DSCO - 2005-2006
                                 From $7-$8 in 2006  to 50 cents in 2010

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                          Newmont Mining - NEM - 2006

               Look at how gold stock Newmont Looked Before Its Recent Decline from 50 to 40.
        Note the heavy Red Distribution (Insider and Big-Money Selling) while the stock was going
        sidewise between 48 and 58.  Also see how the OBV Line - representing aggressive selling -
        was making new 12 month lows with the stock still over 48. 

       What precipitated the decline was the accouchement made late in the decline by
       NEM that it's earnings' outlook would be much duller than expected for the next two years.
                                         Reuters: October 2, 2006
       headline:  Uzbek court declares Newmont gold venture bankrupt
         " Newmont, the world's second-largest gold miner, has run into difficulties in the former
       Soviet republic at a time of worsening diplomatic relations prompted by U.S. condemnation
       of a government crackdown on a rebellion in Andizhan a year ago....In July, Uzbek authorities
       seized gold and some of the assets belonging to Zarafshan-Newmont, the other 50 percent
       of which is owned by the government of Uzbekistan, and launched two tax claims for
       payments it said were due between 2002 and 2005....Denver-based Newmont   has called
       the tax claims an attempt by the Uzbek government to expropriate its share of the company.
       The company has said the joint venture met its tax obligations...CEO Wayne Murdy said
       last week the company would write off its operations in Uzbekistan, where the joint venture
       ran for more than a decade. "We are finished there. When I left Uzbekistan in June, I took
       the last two expatriates with me," Murdy told Reuters in an  interview last week....
       Newmont's 50 percent share of gold sold by the Uzbek joint venture last year was 122,700
       ounces. ($73 million) ...The company expects equity gold sales between 5.6 million and
       5.8 million iunces worldwide in 2006, dropping to between 5.2 million and 5.6 million ounces
       next year before recovering in 2008 and 2009 when projects in the United States, Ghana and
       Australia reach full production."

       This bearish news was known to the company and insiders in June.    It was not released
       until October.  The stock fell to a low of 39 from the 52-54 level, where the insider selling
       had started.   There it bottomed out soon after the news was finally released.  Traders correctly
       assumed that the decline had already factored in the Uzbekistan nationalization.

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                       Previous articles on the subject of INSIDER SELLING.

                           June 24, 2007 See the Tiger Accumulation chart of 1929.
                                               The 1929 Crash: Could It Happen Again?   Yes- Absolutely.
July 9, 2007     Stock "s9" Signals: Tips for Stock Traders  
August 2, 2007 A Look at Biggest Losers since major Peerless Sell S9/S12 on 7/17/2007
August 3, 2007 Widespread Insider Selling before The Bad News Comes out. 
August 7, 2007  How To Pick The Best Short Sales
August 13, 2007  Killer Short Sale Techniques
September 17, 2007 Insider Selling and Data Falsification at ImClone in 2001
September 17, 2007 Lots of Stocks Look Like Good Short Sales
November 15, 2007   How To Spot and Easily Survive Dangerous False Breakouts.

                In addition, look at my website 
http://www.tigersoftware.com/   It is dedicated to this topic.


         George W. Bush 's
          Insider Trading in 1990 with Harken Energy

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Allegations of insider trading have been made against George W. Bush, later elected President of the United States, for his 1990 sale of stock in Harken Energy Corporation, of which he was a director. The sale raised the issue of whether it constituted illegal insider trading.

In House of Bush, House of Saud, Craig Unger asserts that at the time of Bush's sale, Harken Energy "was expected to run out of money in just three days" (p. 123). In a last-ditch attempt to save the company, Harken was advised by the endowment fund of Harvard University to spin-off two of its lower-performing divisions–"According to a Harken memo, if the plan did not go through, the company had 'no other source of immediate financing.'" Bush had already taken out a $500,000 loan and sought Harken's general counsel for advice. The reply was explicit: "The act of trading, particularly if close in time to the receipt of the inside information, is strong evidence that the insider's investment decision was based on the inside information... the insider should be advised not to sell." This memo was turned over by Bush's attorney the day after the U.S. Securities and Exchange Commission (SEC) ruled that it would not charge Bush with insider trading. Bush's motivation for selling was his desire to pay down the debt incurred funding the purchase of his interest in the baseball team.

On June 22, Bush sold his 236,140 shares of stock anyway for a net profit of $848,560. The very next quarter, Harken announced losses of $56 million, which continued to the end of the year when the stock "plummeted from $4 to $1.25."

The subsequent SEC investigation ended in 1992 with a memo stating "it appears that Bush did not engage in illegal insider trading," [1]but noted that the memo "must in no way be construed as indicating that the party has been exonerated or that no action may ultimately result" [2]. Critics have contended that the SEC's makeup may have influenced the conclusions of the investigation, although no evidence of impropriety has been found. The chairman at the time was Richard Breeden, a good friend of the Bush family who had been nominated to the SEC by George H. W. Bush and had been a lawyer in James Baker's firm, Baker Botts. The SEC's general counsel at the time was James Doty, who would represent George W. Bush 9 months afterwhen he sought to buy into the Texas Rangers (although Doty recused himself from the investigation). Bush's own lawyer was Robert Jordan, who had been "partners with both Doty and Breeden at Baker Botts and who later became George W. Bush's ambassador to Saudi Arabia."


  1. ^ Kelly Wallace (July 3, 2002). White House defends Bush handling of stock sale. CNN.
  2. ^ Anthony York (July 12, 2002). Memos: Bush knew of Harken's problems. Salon.
  3. ^ Robert Bryce. Governor Deadbeat. The Auston Chronicle.

  Edit] See also

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