$BSET

Director Stephen Luczo continues to buy when others retreat. This time he bought $1.1m of AT&T at $29.38.  When rates are near zero AT&T is paying out 7% dividend yield. He added to his Morgan Stanley bet $734.9K at $38.68. Geoffrey Yang bought 6,754 at $29.39 on 4/24/20. Several insiders participated in a secondary for Darden at $58.5.  DRI closed today at $78.50 Director Gerber bought $3 million of Haliburton at $8.68. HAL closed today at $8.91.  This one takes balls and Gerber has them as he bought $1 million on March 13th at $6.78 Director Plants bought 95,238 Cutera … Read more

The tale of the tape is disappointing.  After an initial rash of buying, the insiders have disappeared. The most notable buy of the week was Director Stephen Burke’s massive $6.59 million dollar buy of JP Morgan, increasing his holdings by 50%. JPM responded, soaring almost 10% the following day, dragging the beleaguered sector with it. After the close, Key Corp President reported buying 100,000 shares at $10.36.  I expect KEY to pop Monday morning absent a market sell-off. Williams Sonoma Chairman Bellamy stepped up and bought this home cooking retailer, laying out $485,250 to purchase 9600 shares at $50.55. WSM … Read more