Month: August 2020

The Best August since 1984 but Insider Buying Slows Down Some

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The following companies had large insider buying last week.  We are digging in to see what they see. For timely updates, follow us on Twitter. Pacific Ethanol Inc  PEIX Director Gilbert bought 72,800 shares at $3.55.  Ethanol has been a perennial bad investment but that seems to be changing.  Two things are shaking up the dynamics; the coronavirus has created unprecedented demand for alcohol based sanitizer and the prospects of a Democratic environmentally focused administration will increase the use of bio-fuels.  Even Archer Daniels ADM Director bought 11,100 shares at $44.75. PIEX is the leading producer and marketer of low-carbon renewable fuels in … Read more

The Frenzied Bull Charges On- Insider Buys Week of Aug 21, 2020

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Last week we sounded the bell on Rocket Mortgage. We said to own the 600 LB mortgage gorilla when it rolled over on the dud of an IPO.  RKT made our week, popping 30%. Follow us on Twitter .That’s where we post the most- 280 characters is perfect for trading.  The pick of the week goes to an obscure biotech company you’ve never never heard of, Verrica Pharmaceuticals VRCA.  It went ballistic after two insiders bought stock, closing the week up 50% -not bad for a couple of days trading action. The pin action makes little sense to me as they … Read more

”s about to Ignite $UPWK Upwork

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The work from home economy is as hot as a firecracker, it’s as hot as a forest fire in California, and it’s about to ignite $UPWK Upwork Upwork Director Gregory Gretsch continues to buy large dollar amounts of gig economy upstart freelancer/independent contractor model Upwork. This time he bought 547,844 shares of UPWK at $14.71.  This is one of our largest holdings. We are big fans of Upwork and use their services repeatedly. It’s a great model.  They have a couple of direct competitors, Israeli-based Fiverr, and Freelancer.com.Since neither Fivvr nor Upwork are yet profitable, conventional fundamental analysis may not be … Read more

These are the Insider Buys that Matter Week Ending 8-14-20

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Earnings season is almost over and with it the blackout period that restricts corporate insiders from buying their own company’s stock.  Animal spirits are lighting up the market as insiders are adding fuel to the fire with the biggest increase in buying since the March lows.  Normally insiders buy their stock when it’s cheap and you see less buying when the market is making new highs.  Not this time!  Barry Diller shook up the online gambling world with his Interactive Corp IAC  disclosure that it had gone over the 10% reporting threshold with its most recent purchase of 9,705,785  shares of MGM at … Read more

Some Insiders are Killing it- Everything is UP- Week Ending February 7, 2020

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Wow- did you see our pick of the week, Groupon?  Groupon rocketed over 50% Friday on better than expected quarterly earnings and an enormous short squeeze. GRPN traded 13 times normal volume which makes it prime for a price reversal. I listened to the earnings call and not sure how convincing the turnaround story will be. Didn’t hear on attaboy from the handful of analysts obligatorily covering the fallen unicorn.  It’s still mind number to think they turned down $5.7 Billion from Google. I’m going to make a mental note that when Google offers me $5.7 billion for my company, … Read more

Stock Market Makes All Time High, Real Estate on Fire, and the Worst GDP in a Century

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Nice thing about math, there is not much point in debating it. The numbers are the numbers and some insider buys are much better than others. This dynamic spreadsheet will show you which ones. Here is the link to the trades- Warren Buffet bought $1.5 billion of Bank of America’s stock on the open market last week and no one is even talking about it.  It wasn’t that long ago that the news that Buffet was buying would cause of stampeded of buying by his followers.  Apple crushes 2nd quarter earnings, announces 4 for 1 stock split, it’s stock skyrockets … 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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