Month: June 2024

Insider Buying Week 06-28-24 The Emperor has no Clothes

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In addition to the lack of insider buying, there was a Presidential debate last week between a sitting President with a blank stare and an ex-President who has shown us he will stop at nothing to stay President. Somehow, the stock market doesn’t care. Name: Oscar Munoz Position: Director Transaction Date: 2023-06-21 Shares Bought: 2,051 Average Price Paid: $243.69 Cost: $499,806 Company: Salesforce Inc. (CRM) Salesforce, Inc. was established in 1999 and is based in San Francisco, California. Salesforce, Inc. develops Customer Relationship Management technology that connects businesses and customers globally. The company’s services include sales, which stores data; monitors … Read more

Insider Buying Week 06-21-24

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It’s that familiar time of year again when insiders are blocked from transacting in their own stock due to pending 2nd quarter earnings. At least two of the notable buys were stocks The Insiders Fund is already pretty heavily invested in: Exxon and Biohaven. So, at least, the research toll on me will be minimal as I’ve spent this blistering weekend supervising a landscape project at my house. That’s the featured image if you’re wondering what that has to do with stocks. It doesn’t.   Name: Maria S. Dreyfus Position: Director Transaction Date: 2023-06-17 Shares Bought: 18,310 Average Price Paid: … Read more

Grail spinoff- the largest AI Machine Learning Project in Medicine- Galleri is “The Holy Grail” of Genomic Testing

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Grail is hard to analyze, but the potential upside is staggering.  Due to their regulatory challenges, there is a paucity of information, obfuscated by likely insider dealing and related third-party transactions, and an abundance of lawyers due to regulatory challenges. Icahn waged a proxy fight, and ultimately, the EU forced Illumina to divest Grail.  Analysts are probably waiting until the spin-off is done on June 24th before there will be much commentary, as many banks have been feeding at this trough . But first, here are some quick facts about the spinoff itself. https://www.sec.gov/Archives/edgar/data/1699031/000119312524148672/d556103dex991.htm#toc556103_ Grail will only have slightly over … Read more

Fathers Day Insider Buying Week 06-14-24

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The post took a backseat to Father’s Day last week. Looking closely, you can see me with DJI FPV goggles next to my son at Tunnel Park. In the background, the sun sets over Antelope Island in the Great Salt Lake. Considering the quarter end and recurring blackout period, there was an unusual amount of insider buying.  I will update the rest of the entries, so check back later in the week for more. You can be an insider, too– by clicking here   Name: Michael L Speiser Position: Director Transaction Date: 2023-06-07 Shares Bought: 76,200 Average Price Paid: $131.09 … Read more

Insider Buying Week 06-07-24 It Only Takes One or Two Good Ideas to Make your Portfolio

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It’s that familiar time of year again when insiders are blocked from transacting in their own stock. The posts will be light for the next few weeks as companies on the calendar year prepare to report Q2 earnings. The blackout period is also ripe for short sellers to make bear raids, knowing that a swarm of insider buying will not counter them. Nonetheless, it only takes one or two good investments to make your portfolio a winner. I’m highly confident we have that this week. Making money in the market is all about investors with conviction taking money from those … 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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