Reader MarkG sends along the following question:
Larry Ellison, the CEO and founder of Oracle sold almost $50M in Oracle stock over the last couple months. He did the same thing at the peak of stock market in 2000, selling $100M worth of shares. Does he know something the rest of us do not, or his random selling luckily timed again?
I think to answer the question properly, we have to know if he regularly sells $X million or if those are one time events. My guess – he doesn’t have any inside information about the stock market as a whole. I don’t see how he or anyone else could. But I could be wrong. Anyone think different?