I've been a bit bearish on google stock for a while. I've thought about shorting the stock and have been rightfully scared. I would have lost my shirt over the last 12 months.
But I have to say when I read this article quoting that google execs sold 7.4 billion worth of stock and this quote in particular...it makes me wonder.
Nevertheless, it is remarkable that not a single Google insider has bought a single share of the company in the 18 months since the IPO lock-ups expired, according to data compiled by Bloomberg from the Washington Service, which tracks insider sales. Philip Remek at Guzman & Co. in Coral Gables, Florida, is still the only equity analyst with a “sell'’ rating on Google; you could argue that he’s not such a lone wolf, given the behavior of the company’s owners.