If Insiders are selling, why should I be buying?

I recently wrote about reports that insider selling was at record highs and buying was practically non-existent. The selling has become even more alarming in the last week and the buying has slowed to an absolute trickle. Below you’ll find the list of latest insider buys and sells. The sells are staggering with the amounts ranging from $3MM to $63MM (and I was only able to copy one page). The buys, on the other hand, are meager and range from $100K to $635K (the $800K purchase is a few months old and shouldn’t be in the data). You’ll also notice that the screen came up with just 18 total purchases vs 170 total sales (the lowest of sell screen data were sales of over $400K which is not shown here due to the large size of the results).

Full article here.

My Comments: If they are selling why should we be buying? This say just about as much for the rally as the change in mark-2-market to mark-2-fantasy. Nothing has changed except people are still making bad decisions(i.e...buying this rally). Sell in may and go away is the saying. To be fair we could rally all through May. But from this point things are less predictable.