Thursday, November 11, 2004

Insiders cashing out of Net stocks: "Relative to the Nasdaq market, it's been a year of great returns for Net stocks, as well as for the insiders who own massive amounts of shares and are selling into these nosebleed levels. 'There is some serious cashing out,' said Jonathan Moreland, director of research at 'The sales do raise an eyebrow.'"—CBS MarketWatch

Let's all close our eyes, take a cleansing breath, and repeat the Bubble 2.0 mantra: "Sell as you vest... Sell as you vest..." NetFlix (NFLX) insiders seem to know to get while the getting's good, earning them a spot as our newest Bubble 2.0 stock. Charts at right.