More on insider selling at Toll Brothers Inc.

In an earlier entry, I wrote about insider selling at Toll Brothers (TOL), a luxury home builder. As I write this, Toll Brothers (TOL) trades at $28.26, down from a 52 week high of $58.67. Over the course of a year, insiders at TOL have sold more than 4.4 million shares, at prices ranging from around $36 to roughly $58. Most of those were sold by the actual Toll brothers, Bruce and Robert.

Meanwhile, as late at 16 March, 2006, Robert Toll, chairman and chief executive at Toll Brothers Inc still sees growth in the housing market.

"Last time I saw 6 percent was 1966, except for the last couple of years," Robert Toll, the company's chairman and chief executive, said Wednesday in an interview with The Associated Press. "If rates go to 7.5 percent, we'll take it. We can still do a whole lot of business."

I wonder if he really believes his own words...