Comments on: Investment News Briefs http://moneymorning.com/2009/10/22/investment-news-briefs-99/ Global Investment News Mon, 13 Feb 2012 18:41:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: mthomas http://moneymorning.com/2009/10/22/investment-news-briefs-99/comment-page-1/#comment-7929 mthomas Thu, 22 Oct 2009 16:03:04 +0000 http://www.moneymorning.com/?p=9597#comment-7929 While insiders may be going long oil, they have recently been selling stock hand over fist, and apparently some large institutions have started following suit. I just saw at <span class="removed_link" title="http://www.goldalert.com/gold_price_blog.php/">http://www.goldalert.com/gold_price_blog.php</span> that there were large put purchases on the SPY and IWM at the open today: "SPY March 70 puts, bought 14,000 and SPY March 90 puts bought 2,500; IWM customer bought 10,000 Nov 59 puts at 1.51" So some large whales think the market has topped out. While insiders may be going long oil, they have recently been selling stock hand over fist, and apparently some large institutions have started following suit. I just saw at http://www.goldalert.com/gold_price_blog.php that there were large put purchases on the SPY and IWM at the open today:

"SPY March 70 puts, bought 14,000 and SPY March 90 puts bought 2,500; IWM customer bought 10,000 Nov 59 puts at 1.51"

So some large whales think the market has topped out.

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