Check this out. The AP wrote an article about Larry Ellison selling 1,000,000 shares of Oracle stock today:
http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Date=20071025&ID=7566697&Symbol=ORCL
What’s much more interesting that apparently slipped the eyes of the AP is that he actually sold 1,000,000 shares of Oracle stock EVERYDAY over the last month – so far that’s been 20 Million shares.
http://moneycentral.msn.com/investor/invsub/insider/trans.asp?Symbol=ORCL
This equates to a liquidation of 2% of his entire Oracle stock holdings in a single month. Larry Ellison has about 1 billion shares remaining.
What do you make of that?
kurtsh
Kurt's Thoughts 