SYMC

Insiders Put the Petal to the Metal as Animal Spirits Show Signs of Life

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Animal spirits are picking up.  This is the most buying we’ve seen since the market sell-off last December. One thing for sure, Insiders buy stocks when they think they are cheap.  Highlights are: Several insiders bought GE stock immediately prior to and immediately after Harry Markapolis’s interview on CNBC where he alleged fraud. Axogen Chairman bought $1 million worth of stock after the company she leads plunged 30% on weaker earnings forecast Outdoor billboard leader, Clear Channel newly appointed Chairman bought $913k at $2.28 per share.  CCO is loaded with debt. Three CIT insiders took advantage of low prices to … Read more

When can you buy blue chip dividend paying stocks again?

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The last couple of days have not been a sweet ride for the blue chips.  I think this quote from JP Morgan’s chief equity strategist sums up the “big money” view.  I don’t agree with it but you would be foolhardy not to watch out for trains crossing the tracks.  ” US equity strategy update from JPM’s T Lee – we see the shift out of defenses and into cyclicals continuing.  We still see the early 90s as the best analog for today and in the ’93-’94 period of abrupt rise in yields saw a progressive collapse of Defensive sectors. The … Read more