$INBX

Insider Buying Week 09-27-24 Is Inhibrx Biosciences another Biohaven? Insiders Seem to think so

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The bulletproof market stumbles on; not escalating war in the Middle East or a tumultuous Presidential election in the U.S. seems to faze it. Insiders are mainly sitting this one out, whether it’s the priciness of the market or the quarterly earnings blackout window; insiders are on the sidelines except when it comes to selling. They are hitting the bid like trout on a hatchery pond. Notable sales alone last week included Draft King, Banc of America (Berkshire unloading), Carvana, Seagate Technology, Toll Brothers, and that was just what was reported on Friday last week.  It’s hard to glean much … Read more

Insider Buying Week 09-20-24 Interest Rates are Finally Headed Lower

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The Federal Reserve surprised the pundits, slashing 50 basis points instead of 25.  Some may think this extraordinarily large cut in interest rates may have had something to do with election-year politics. I don’t know why. Donald Trump hired Powel and was almost sure to fire him or not put him up for renewal if he didn’t lower rates. Now, if elected, he is sure to fire Powell as he is likely to blame him for helping  Harris. Of course, no commentators will say this, but this is likely what happened and almost certainly what will happen if Trump gets … Read more

Insider Buying Week 09-13-24 Stock Merry Go Round

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The stock market had its best week since November 2023, immediately after its worst week of the year. The market is now spitting distance from where it ended the month of August.  Lately, the market has been on a merry-go-round. Trading is killing buy-and-hold, but one week, two weeks, or even two years doesn’t make great hedge fund managers or investors wizards. It’s fun when you win, and it beats watching network TV in a swing state these days. They said it all comes down to the 500,000 undecided voters in the seven states that will determine the Presidential election … Read more

Spooky September Crushes the Market Insider Buying Week 09-06-24

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So far, September is living up to its reputation as the cruelest month in the market, and it’s just week one.  The S&P 500 ended the week down 4 out of five days for the worst week since March 2023, the week Silicon Valley Bank collapsed. If you remember, the regional banking market was holding on by a thread until the Federal Reserve and Treasury changed the rules. It allowed banks unfettered liquidity, staving off a run on the entire banking industry, which would have forced many banks to take actual marks on their long-duration, underwater government bonds. That would … Read more

Insider Buying Week 08-30-24 A Return Visit to Inhibrx Biosciences

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Insiders buy their stock when they think it’s cheap or sometimes when they want to keep their jobs. The investor must figure out that difference.  There are a few names I’d venture to short on this list if the Vig is not too high.  There are a few names that offer compelling narratives, if not fundamentals.  You can be an insider, too– by clicking here   Name: Gary L Hinkle Position: Director Transaction Date: 2024-08-23 Shares Bought: 5,000 Average Price Paid: $68.09 Cost: $340,450 Company: Burke & Herbert Financial Services Corp. (BHRB) Burke & Herbert Financial Services Corporation was formed … Read more

Insider Buying Week 08-23-24- They are Back

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The treasure hunt continues.  Will insiders provide any clues for that nugget of gold in the tailings of a well-picked over-market?  There are a few notable buys, insiders coming back to purchase more in stocks that seem hard to rationalize why.  This week, we take a deeper dive into those repeat buyers keeping in mind that the most notable thing is that they are back.    You can be an insider, too– by clicking here   Name: C Raymond Jr Larkin Position: Director Transaction Date: 2024-08-15 Shares Bought: 6,500 Average Price Paid: $235.33 Cost: $1,529,645 Company: Align Technology Inc (ALGN) … 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