A. Insiders will always be net sellers, and it is not usually a bearish signal.

Foreigners, who were net sellers of Japanese stocks for years, began to turn positive last fall.

They have, instead, been net sellers of Treasury securities.

Foreign investors, who buoyed stocks last year, have turned into net sellers.

Foreign investors have been net sellers in Japan for the last three years, and that may be changing.

Japanese companies too will remain net sellers of shares.

But in the aggregate, he was a net seller.

"They own just 64,000 shares, and have been net, consistent sellers over the last few years."

This year, by contrast, foreigners have been net sellers of stocks.

"Investors were net sellers of $100 billion worth of stocks in 1985 and again last year," he said.