How to Get Insider Trading Info for Free -- with David Moadel
hello and welcome to looking at the markets with David Modell before you pay
somebody for information on insider trading I want you to realize that you
can get it from the government for free all right there are people who claim to
be able to sell you this information but no one can get it quicker and more
reliably than the SEC the the government themselves except for maybe I guess the
insiders all right so you know they get it first because they're insiders in the
company and maybe they you know illegally tell their friends and
relatives about that insider information so I guess they get it first but after
that it's the SEC Securities and Exchange Commission the government they
get first and so if you're paying somebody for insider trading information
that's publicly available you're paying somebody money for something that's free
and they're just getting it secondhand they're not even getting it first so you
can get it you know quicker than if you get it secondhand you can get it
firsthand and you don't even have to pay for it so here you go here's how you do
it you go to you know Google or whatever your favorite search engine is and you
type in the search engine latest edgar filings okay latest edgar
EDG AR filings all right cuz edgar is the SEC filing website all right and
there you go and then the one that says latest filings SEC gov that's the right
one all right and I'll also put a link to this in the description below this
video so you can click on that as well alright so that's another way to get
there all right and there it is and make sure it's the right one it's gonna be
gov that's government website and here it is so let me give you an example of
how you do this all right you go see this box here you go to
company and you type in the company's name whatever we'll just do Facebook all
right and then see what it says form type you type in the number four okay
that's the insider trading form numbers for all right for whatever reason that's
just what they chose now for ownership you see the options for ownership you go
to only all right so company name make sure you
spell it correctly otherwise you'll have to look up the cik number for the
company on google or something but it's easier if you just type in the company
name and make sure you spell it correctly form type for and then only
for ownership all right and then retrieve filings hit that button there
okay and then you go down and it's weird you have all these different Facebook's
but the numbers are all the same they're all the same doesn't matter which one
you can just click the first one or any of them okay then oh you know they're
all the same alright then you look on this blue box here and on the left side
of the screen it says get insider transactions for this user you see that
get insider transactions for this for this issuer I should say click on
insider transactions for this issuer alright I know it's a number of steps
but you'll get used to it once you learn how to do this and it there it is here's
the page on the top of the page it has all the insiders listed there alright
and it look Mark Zuckerberg there he is so you can click on you know Mark
Zuckerberg or whatever insider and you can see if there's any insider trading
recently for that person or you could just scroll down past all the names of
the insiders and you could see all the latest insider trades regardless of who
did it and look at these the latest insider trades are from Mark Zuckerberg
himself alright and so generally speaking and you know there are
exceptions the the ones that are read are generally sales or something similar
to that or some you know unloading of shares in one way or another and then
the white ones are generally purchases or additions of shares in some some way
all right but they're exceptions you'll have like conversions you'll have
exemptions you'll have gifts sometimes it'll say gift so I tend to ignore those
I'm not saying you should ignore them but they're not as meaningful to me as
the sales and the purchases and interestingly I don't see any
purchases at all here I see a lot of sales though sale after sale and a lot
of these are from Mark Zuckerberg all right as we can see in the past you know
in April in the past month it's been sale after sale after sale he's been
dumping those shares and since how many under transacted you know look at all
these shares tens of thousands of shares at a time Mark Zuckerberg sale sale sale
tens of thousands if you add them all up it's hundreds of thousands of shares
Sheryl Sandberg also you know selling sale sale right Mark Zuckerberg it's
just relentless selling here sale sale sale sale
unbelievable okay and that's just the first page I could click on next eighty
to see the next eighty transactions if I wanted to
all right usually there's some purchases but here I didn't see any down there
okay and again if you just wanted one person you know we can click on Mark
Zuckerberg for example and see just his insider trading and I'll show you all
those sales again going way back way way all the way through April or april
pretty much okay and you can click on the next eighty and see some more all
right so I will say this as you can see this website is a little bit challenging
to navigate alright so if you did want to pay somebody just to collect the
information and make it more convenient for you you know I could understand
possibly paying somebody just to just to do the legwork here you know and and
just to present the information to you in a format that's more convenient that
I could kind of understand but again you're getting the information
secondhand if you want it faster just go right to the SEC website alright but
yeah that's the only reason I would ever pay somebody for this type of
information I guess it's just because this is not the most convenient website
to navigate and to get the information from okay I get that
also here's something you probably want to think about is
yes we saw a lot of sales here but to me the purchases are more significant more
meaningful than the sales and here's why we don't know why these sales are
happening we don't know it for example we don't know why from this website at
least we don't know why Mark Zuckerberg sold all those shares of
Facebook stock you know people sell shares for a number of reasons yes he
might he might be selling the shares because he you know maybe he thinks
there's something or knows something wrong with the company that's going on
that's possible but insiders also sell shares sometimes just to take profits
not necessarily anything wrong with a company they just you know when you hit
your profit target it's not a bad idea to take profits right okay or maybe
they're selling shares for tax purposes or maybe just to diversify their
portfolio maybe they realized oh I have too much allocated into this one company
maybe I want to diversify so they might sell some shares doesn't mean there's
something wrong with the company necessarily so there are a number of
reasons why people insiders sell shares of stock so I take this with a grain of
salt as they say but still this is a lot of selling I mean that this is pretty
significant here so you know this could be a red flag to see something like that
now as far as if you see a lot of purchases here if see a lot of insider
buying that is more meaningful to me than selling because people usually
almost always purchase stock shares for one reason because they think the stock
price is gonna go up okay usually not always but most of the time so you know
that's pretty meaningful to me if you see a lot of insider purchasing a lot of
buying okay so there you go that's how you do that and it's not a bad idea i I
think I cannot tell you what to do or what not to do you have to make your own
decisions of course but before you buy shares of a stock why not since this
cost you nothing except a little bit of time do a little bit of research here
look at the insider trading that's going on check
okay and you know I'm not saying that should be the only basis the sole basis
for your investing decisions but it could be a red flag like if you see
something like this you know you might look into it more
find out if Mark Zuckerberg has given any reason for all this selling okay and
you know it's just something to add to your arsenal of research in terms of
fundamentals for a company all right so hey I wanted to try to save you guys
some money okay I don't want you to get you know I don't want you to get ripped
off by anybody who's trying to sell you this information claiming that they have
something special that you can't get on your own yes you can okay
and you know I want you to be a better investor more informed okay so if you
like this video if you appreciate me bringing you this information please
give this video a thumbs up on YouTube and leave a comment what do you think
what do you think of Mark Zuckerberg selling off all these shares what do you
think of that huh and so leave a comment and hey subscribe to my channel please
if you haven't done that already and hit that notification Bell on YouTube so you
can get updates whenever I put out new videos like this one and if you want
some coaching I do offer coaching alright to help people put together
their own trading or investing plans and you can email me for that at David
Modell at gmail.com ya really appreciate it thanks a lot for watching this I'll
talk to you again soon