Month: September 2014

This is when you make money- sellers are unloading while insiders and corporate mergers are growing

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I don’t know why the market is selling off and I really don’t care.  Markets are occasionally irrational.  What’s striking about this sell off is that I have the largest amounts of stocks on my screen and in our portfolio below levels that insiders have bought them at in a long time.  This is usually a bullish sign. It also coincides with a big step up in M&A.  Strange that sellers are unloading what insiders and strategic buyers are taking. This is when you make money.

| Bank Innovation

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The Real Reason PayPal Isn’t an Apple Pay Preferred Partner SEPTEMBER 30, 2014 BY IAN KAR Earlier this month, before Apple Pay came out, Bank Innovation wrote that Apple and PayPal had been involved in talks for … something. We’ve finally tracked down the full story. via The Real Reason PayPal Isn’t an Apple Pay Preferred Partner | Bank Innovation. John Donahue, CEO, of Ebay is the worst CEO I have seen in some time.  Ebay has gone straight downhill since Meg Whitman left.  He should be fired if not indicated.  He’s blowing it again bringing in a CEO from … Read more

Wall Street is all about the people with conviction taking money away from those without it

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Angie’s List (ANGI), up 25.6% following Financial Times report that the company is exploring a potential sale.. Wall Street is all about the people with conviction taking money away from those without it.  An analysis of the balance sheet and the insider trading told us this was likely to happen.  Wish we had bought more but reassuring we bought more the same day Cowen started coverage with a market perform at a 52 week low.  That’s why Wall Street analyst rarely make you money.  They are herd followers.  Angie has to sell itself or trim expenses dramatically.  For a company … Read more

‘s rosy scenario- everything comes out just fine like a Hollywood script

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14:09 ECONX Fed Projections- September Update Variable Central Tendency (Sept 2014) 2014 2015 2016 2017 Longer Run Change in real GDP 2.0 to 2.2 2.6 to 3.0 2.6 to 2.9 2.3 to 2.5 June Projection 2.1 to 2.3 3.0 to 3.2 2.5 to 3.0 N/A 2.1 to 2.3 Unemployment Rate 5.9 to 6.0 5.4 to 5.6 5.1 to 5.4 4.9 to 5.3 5.2 to 5.5 June Projection 6.0 to 6.1 5.4 to 5.7 5.1 to 5.5 N/A 5.2 to 5.5 PCE Inflation 1.5 to 1.7 1.6 to 1.9 1.7 to 2.0 1.9 to 2.0 2 June Projection 1.5 to 1.7 1.5 to … Read more

Inflation Robs the Bull of Its Run – Barrons

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by GENE EPSTEIN If you adjust by the consumer price index, the bull market looks way overrated.The Standard & Poors 500 index has “now logged 33 all-time highs this year,” reported the Associated Press on Sept. 5, when the index hit yet another “record close” of 2007.7. Such talk conjures up a revival of the go-go years of the 1990s, when new all-time highs kept recurring.Back in the 90s, however, the new peaks could withstand inflation adjustment and legitimately be new peaks. This years streak of 33 has been merely nominal. In todays dollars, as the table shows, the S&P 500 … Read more

‘s- is it a con?

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If a Company Won’t Talk, Its Former Employees Will SEPT. 13, 2014By DAVID SEGAL We were attracted to this beaten up home electronics retailer after it fell from $45 to $30 and insider’s stepped up to buy.   This article from the NY Times although kind of sad to hear how some money people with poor credit get the raw end, but does nothing to dispel our believe in the merits of the investment.  Pawn shops and subprime lenders can be very profitable.  Conn’s looks like it’s combined a new niche of home furnishings, electronics, call it an RC Wiley … Read more

”s

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By TIERNAN RAY Sept. 13, 2014 2:42 a.m. ET Apple has a couple of interesting challenges ahead—for itself and its stock. Last week, at a lavish media event in its hometown of Cupertino, Calif., the company’s CEO, Tim Cook, unveiled a product in a new category for Apple (ticker: AAPL), one that has been littered with failures. via Apple: Don’t Listen to the Doomsayers – Barron’s.   I agree with this thesis.  What the doomsayers seem to overlook, is not only Apple the best smartphone company, it’s hands down the best PC company, the best digital music company, the best … Read more

Dogs of the Dow update

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The Dogs of the Dow is one of the simplest strategies to beat the market. In 2013, it beat the Dow Jones Industrial Average (DJINDICES: ^DJI  ) by 8.4% for a total return of 35% according to Motley Fool where I found this information. Dogs of the Dow is an investing strategy that buys and holds equal dollar amounts of the 10 highest-yielding dividend stocks of the Dow Jones Industrial Average. The strategy banks on the idea that blue-chip stocks with high yields are near the bottom of their business cycles and should do much better going forward. Investors in the … Read more

Some intelligent Apple comments

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Just what the world needs, some more comments on Apple?  Since it’s our largest position or near largest position and I have a blog, well, I can’t resist. 1. The new iPhone 6 and + is boss.  Everyone wants one.  I’m getting the big one, the really big one, the 6+.  Yes, I’ll look ridiculous making a phone call with it but actually making phone calls is one of the least used functions of my current iPhone.  Everything I do on my phone but phone calls benefits from a larger screen. 2. The Apple watch, well it looks kind of cool … 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.

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