‘t Lighting it Up

For trade, details click on this link to the trades  The S&P was up 2% for the week and is up nearly 15% YTD.  No one knows what the direction is for the next six months but I would not take the under. Perhaps the most unusual thing is the supply of money seems endless. I think it’s a record year for IPOs, almost daily SPAC issuance, and all kinds of new and quite stupid crypto investments. It really seems such a waste that so much brainpower and money have gone toward solving problems that don’t exist.  The centralized finance … Read more

These are the Insider Buys that Matter Week Ending 8-14-20

Earnings season is almost over and with it the blackout period that restricts corporate insiders from buying their own company’s stock.  Animal spirits are lighting up the market as insiders are adding fuel to the fire with the biggest increase in buying since the March lows.  Normally insiders buy their stock when it’s cheap and you see less buying when the market is making new highs.  Not this time!  Barry Diller shook up the online gambling world with his Interactive Corp IAC  disclosure that it had gone over the 10% reporting threshold with its most recent purchase of 9,705,785  shares of MGM at … Read more

Insider Buying Week Ending November 15, 2019

As the earnings blackout period ends, there are a ton of interesting insider buys. We are going to analyze ALL of them that seem interesting, particularly the ones that look like they may have a good chart setup for profitable trades. Read on and find out what insiders are investing in. Hope springs in the oil patch.  Antero Resources Corp Director bought 178,000 shares at $2.79 for $496k substantially increasing his holdings by 266%.  Just about all the E&P companies are making new lows and I’d prefer to buy OXY with its outsized dividend. The irony here is that the … Read more