Exactly what do the GE insiders know?
When corporate insiders sell some of their shares in a company’s stock, we’re never too sure about the real reason.
They could be taking out cash to pay off a mortgage, to pay for a child’s college tuition, to support a mistress, or for any other personal need.
But when insiders start buying shares instead of selling them, we can be pretty sure they’re optimistic about the company’s prospects.
That’s what came to mind this past Tuesday, when General Electric (GE) board member James Tisch, who is also CEO of Loews Corp. (L), bought $54 million worth of GE stock.
That was just a week after GE CEO John Flannery acquired GE shares worth $1 million, and one day after GE board member Francisco D’Souza (who is also CEO of Cognizant Technology Solutions Corporation (CTSH) purchased just under $1 million worth of GE shares.
As usual, however, we need to pay attention to the astrology behind the scenes if we wnt to get the complete picture. And in the case of the trading by GE insiders, the astrological factors present a compelling picture.
With transiting Pluto sesquiquadrate the GE First-Trade Apollon and transiting Uranus conjoining the GE secondary progressed Moon as 2017 comes to a close, these insiders may soon be rewarded with rising share prices.
The biggest bullish trigger, however, is likely to be the Uranus direct station on January 2, conjoining Venus at the GE First-Trade Midheaven.
Are the GE insiders right? We’ll have wait and see!