Month: November 2010

The Euro Collapse or Evolution?

by

It almost seems a certainty that a run on the bank is taking place.  This particular run is the wholesale repudiation of the sovereign debts of the PIGS, Portugal, Ireland, Greece, and Spain.  Where this ultimately ends seems to have a great significance.  Does it come back home to roost and result in interest rates rising dramatically in the U.S.?  That’s the big question, isn’t it?  There are only a few ways that this author can imagine.  Which scenario is most likely? Eurodollar continues to weaken as one after another country’s debt comes under attack.  If the EUCB continues to … Read more

Bank Stocks

by

They looked oversold and we have been nibling at them making a little money, losing a little money. Yesterday as soon as the WSJ broke a story about the Fed allowing them to start offering dividends again, we jumped in with both feet. We especailly hit Bank of America hard on the option front loading up on the Jan 12.5 calls. They are up 40% today and we blasted away at JPM but have already closed the position out for a quick profit. We still hold AF and some BBT as there has been some insider buying at higher prices … Read more

"The insomniac hedge fund guy" is a moniker Harvey Sax, the portfolio manager for The Insiders Fund has used from time to time on email, blog , and social media posts. While Mr. Sax is the portfolio manager of The Insiders Fund, these posts are not communications from, nor endorsed by, Alpha Wealth Funds, LLC or any of its managed funds. References to Alpha Wealth Funds or its affiliates are for identification only and do not imply sponsorship or approval. All registered trademarks herein are the property of their respective owners.

© 2026 Insomniac Hedge Fund Guy