Executives at Goldman Sachs apparently sold nearly $700 Million of Goldman stock between September 2008 and April 2009 with the selling peaking between December '08 and February '09 . . . when Goldman traded near record lows.
This is the group of people who want to help us manage our money. They sold their own company's stock, with all the information that they have working at the company . . . at exactly the wrong time. They panicked and sold when they should have been buying by the bushel-full. GS has rebounded quite nicely from late January low of $59 to today's $149. Yet, executives at GS bailed on hundreds of millions worth of their own stock.
Does something strike you as odd about that?
To me, it spells trouble for the retail investor thinking of buying GS.
Woldy
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