PMT

Insider Buying Week 9-7-22 The Seesaw was Heavy on the Short Side

by

Curious how well insiders are doing with their buys? Scroll through the blog posts and see for yourself Last week, the market reversed its sour mood with a thunderous rally propelling the S&P 500 by 3.52%. Our insider buys did even better, notching an average of 5.73% returns. Heavily shorted stock, no matter how poor their prospects doubled that. It was the classic case of everybody on the same side of the seesaw.  In keeping with the old adage, the market will figure out how to screw most people most of the time.   Name: Robert J Mylod Jr Position: … Read more

More Insiders are Buying but the Selling is Relentless 3-4-22

by

  Curious how well insiders are doing with their buys? Scroll the significant buys of the last year. All bear markets end in a crescendo, literally an explosion of insider buying.  I believe we are in a classic bear market.  The signposts are obvious.  Beat and raise quarters are met with yawns if not outright sell-offs. Good news is met with brief bouts of buying but soon dissipates into the underlying negative downward trend.  Of course, there are always stocks that work even in a bear market but it is much harder making money on the long side than it … Read more

‘m working on

by

One area, probably the area that has the most insider buying by sheer numbers of companies and officers is the mortgage REIT sector.  Names that I’m watching there are Annaly NLY, Chimera CIM, PennyMac Mortgage Investment Trust PMT, and a few others.  These are all REITS paying outsized distributions with yields of 12-15%.  The conventional wisdom of course is that anything with this high of yield is risky and probably will end up cutting their distribution.  It’s just a matter of when not if. But what if that’s already in the stock?  That’s hard to know.  That’s like predicting stock price direction or for that matter … Read more