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Weekly Insider Trading, August 3

Aug. 06, 2018 4:19 AM ETESPR, LVS, VBIV, WAL
G-Stock profile picture


  • Esperion - Continued insider purchases following a 50% drop this year.
  • Las Vegas Sands - COO taking advantage of quarterly financial volatility?
  • Western Alliance Bancorporation - solidly growing bank where officers are buying and the technical picture is good!
  • VBI Vaccines - significant CEO purchases but the overall picture is poor.

Weekly Introduction

Even though I have been screening for insider transactions every week since the last article, there has not been enough to go on to write a new article. Some of that is explained by the earnings-quiet season. I did write a blog post but I am not sure how those are advertised, so I removed it as no one seemed to read it. Still, I screened ESPR on July 22 and also sold some other stocks to make room for new screenings I expect coming as earnings season winds down. If you sell today you will probably overall get a better price than I did since the overall market is up.

Unfortunately, our performance in some individual open positions have been hit quite hard recently, fortunately the smaller bets in SOHU, DFRG and CLNE. More concerning has been the underperformance of RV-related stocks; CWH and LCII have been a real drag on the portfolio and of larger position size also. LCII reported Q2 numbers yesterday and the stock jumped more than 10%. I am comfortable with both these stocks going forward and bought more into the decline which is not reflected in the table below. CWH reports Aug 7.

Regarding overall market direction, in the last article I wrote (S&P then at 2700)

We can already see a more positive market. I expect it to continue these 20 days counting from July 1st, and then more selectively in names reporting earnings which will propel some stocks higher. But the overall market risks weakening once again post earnings.”

I am definitely still navigating markets from this narrative, with S&P cash at 2835, I am expecting a sideways to lower drift for August as earnings wind down and markets face a slowing macro picture, tightening CBs and trade war noise. It is really astonishing

This article was written by

G-Stock profile picture
Career in trading and financial analysis, quantitative and qualitative, across asset classes; Equities, Commodities, FX, Bonds and hybrids. Managing portfolios with different strategies: 1) Equities: Growth 2) Macro correlation trades across asset classes 3) Short term sentiment, insider and calendar opportunities. Have always kept careful records of weekly analysis and trading, thinking this could be a format to further increase my ambition, share insights and get new perspectives from others as well.

Analyst’s Disclosure: I am/we are long ESPR. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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