Month: November 2019

Notable Insider Buying Week Ending Nov. 22, 2019

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Please read the last paragraph before you invest.   Following insiders, although childishly simple and obvious of an idea, is fraught with danger.  You can lose money.  There are a lot of nuances to interpreting. For example, the significance of a billionaire buying $300,000 worth of stock is like the average person tippling the valet $5. It doesn’t mean much.  We try to grab the essence of an interesting buy with as few words as possible. Why does Aramark CEO buy $1.49 million of stock at $42.68? Perhaps he is jealous of seeing his Chairman of the Board make $1,000,000, 30% … Read more

Insider Buying Week Ending November 15, 2019

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As the earnings blackout period ends, there are a ton of interesting insider buys. We are going to analyze ALL of them that seem interesting, particularly the ones that look like they may have a good chart setup for profitable trades. Read on and find out what insiders are investing in. Hope springs in the oil patch.  Antero Resources Corp Director bought 178,000 shares at $2.79 for $496k substantially increasing his holdings by 266%.  Just about all the E&P companies are making new lows and I’d prefer to buy OXY with its outsized dividend. The irony here is that the … Read more

Notable Insider Buying Week Ending November 8-2019

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As a rule, we only look at material amounts of money, $200 thousand or more, as anything less could just be window dressing. The bar is different from selling because the natural state of management is to be sellers. This is because most companies provide significant amounts of management compensation packages as stock. Therefore, with selling, we analyze for unusual patterns, such as insiders selling 25 percent or more of their holdings or multiple insiders selling near 52-week lows. Another red flag is large planned sale programs that start without warning. Unfortunately, the public information disclosure requirements about these programs … Read more

What’s Eating $Uber? -Massive Lock-Up Expiration, Lack of Earnings, Ill-defined Business Model?

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Something unusual will happen Wednesday Oct 6. Uber will have the biggest lock-up expiration in history.  RBC Capital Markets analyst Mark Mahaney estimates that 1.7 billion shares will become eligible for sale, roughly 90% of the total. I’ve heard amounts half of that. Either way its a monstrous amount. If you don’t know what a lock-up is, read this primer from front running broker, Light Speed. Uber reported earnings or more accurately lack of earnings Monday after the close. Nearly every firm on Wall Street recommended buying the stock 30% higher so I supposed they will recommend it with fained … Read more

Notable Insider Buying Week Ending November 1,2019

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It’s really quiet on the Western Front when it comes to insider buying.  American Airlines insiders continue to buy. James Clemmer CEO of AngioDynamics bought a small amount on a poor earnings showing. This might be window dressing. Richard Kinder keeps on amassing KMI.  Why not? If you were the billionaire namesake, you would know the 5% dividend is money in the bank. I like the Lilly buy. If you can grab stock near that price you will probably do well. FedEx is bold; the biggest director buy and the first for  board member Edwardson since 2008. As a rule, … Read more

Wright Medical $WMGI jumps after Bloomberg Says Exploring Potential Sale

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Wright Medical Group (WMGI) is working with financial advisers to explore a sale, Nabila Ahmed and Ed Hammond of Bloomberg reported last night, citing people familiar with the matter. The ankle joint implant maker rose 11% in after-hours trading Friday night to $24.45. The company has made no final decision and could still opt against a potential sale, sources told Bloomberg. Potential acquirers in the space include Stryker (SYK), Johnson & Johnson (JNJ) and Smith & Nephew (SNN), Ahmed and Hammond reported. I was reviewing our portfolio holdings after the market close on Friday, (embarrassingly counting the money on a … 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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