My goodness…some decent insider buying!

We have told you for a very long time that insiders refuse to buy their own stock in the open market. This tells us that insiders do not feel there is much value at these levels. For one down and out area, that may be changing.

Southern Copper (SCCO) Chairman bought 500,000 shares at $28.90…$14.4 million.

Chesapeake Energy (CHK) Director bought 500,000 shares at $23.32…$11.7 million.

U.S. Steel (X) CEO and CFO bought 54,851 shares at $35.20-37.60…$2 million.

AK Steel (AKS) CEO,EVP and DIRECTOR bought 190,000 shares at $6.04-6.18…$1.2 million.

Just because insiders buy does not mean the stocks will go up. We just find it interesting that these down and out commodity-type areas are now getting decent buying after recent drops…and it is notable that two Steel companies are seeing buying at the same time. We will be looking out to see if more show up…and of course, we will be watching to see if accumulation shows up.

 

Investors Edge – 11/13/2014 Hour 1

Investors Edge – Hour 1

Gary K – Financial Fest 2014 Featured Speaker

Gary K
Financial Fest 2014
Featured Speaker

Saturday November 15, 2014
11:00 am
Scottsdale, AZ
Westin Kirkland Resort

No changes!

Wish we had something new to say but Wednesday’s action simply more of the same. A good down open did not last…and the NASDAQ leads while commodities stink.

We are in hopes we get some pulling back because it is only in the sell downs can we decipher where the real strength is. This second, the market has no interest in that accommodation. We are back to DEFICITS DO NOT MATTER…DEBT DOES NOT MATTER…RECESSIONS DO NOT MATTER. It is all about the QE and with Japan QEing to the tune equivalent to $3 trillion here and with the ECB boarding that train in a big way and with the direct correlation between up markets and QE,..need we say more.

Continue to underweight commodities. Continue to underweight small caps versus large…though small caps are coming on a bit here. We just believe if things do turn down, it will be the small caps that lead down again.

Investors Edge – 11/12/2014 Hour 1

Investors Edge – Hour 1

Patience!

We are big believers in picking your spots when playing markets.

As you know, we believe anything is possible, especially with the GRM. (Government run markets!) But there is a time to attack and a time to be patient. Maybe the markets just keep going higher. After the  Oct 98 drop, governments interfered and markets moved in a V-shape for months…not weeks. But after a month of straight up, it becomes higher risk as you are betting on a further move up without a rest. This is out of the norm.

We are not saying we pull back. We are not saying we don’t. We are just saying it would be as normal as another Knicks loss to have some rest/pull back at any moment. It is in the resting and pullbacks where better buy points can be had.

Patience is not a bad word right here as many things are sticking up out of V-shaped moves.

Isn’t it time to put someone in jail?

How much more shit did these people do?

SOURCE: http://www.dailymail.co.uk/news/article-2831108/Five-world-s-banks-fined-2BN-rigging-foreign-exchange-markets-prosecuted.html

Investors Edge – 11/11/2014 Hour 1

Investors Edge – Hour 1

And the beat goes on!

We are back into the persistent market off of Japan and the ECB as markets continue to love money printing.  Don’t worry about recessions. Don’t worry about debt. It is the money printing stupid!

Not much has changed. The commodity move lasted for another hour before the Yen and Euro tanked…which in turn, turned the commodities back down. We shall see what happens on the retest.

After that, we will be brief as we don’t want to talk too much this second. Markets remain stretched and extended to the upside with very overbought conditions. Small caps continue to underperform large caps.