Ides of January

With the Ides of January upon us, we seemed to have put our foot on our accelerator straight towards the bear market that we have been preparing for. Though the media is still not declaring it, we seemed to have broken support of some of the major US indices. A bear market was declared within the European Stoxx 600 earlier in the day, before US markets had opened. This surely impacted the fear factor when markets did open in the US. Now that we are into a long weekend, it's a big wonder of where are markets are headed into Tuesday morning considering the rest of the international markets will be open on Monday. Typically, we'd see the red continue with a blow this big but it's still possible that we could see a relief rally come into play.

Regardless, I only sold some of the TVIX that I've been carrying since December 31st at over $11/share. I am still holding a fair amount of my initial purchase of TVIX through the weekend (& likely beyond).  I can always pick up more on Tuesday (or whatever day) it goes on sale.  This is my insurance during the decline.  Also, I wasn't comfortable holding DUST over the long weekend so I sold it just above $17.50/share. I was fortunate enough to find my portfolios in the green today & hope that I can continue making the right moves to keep it that way while we head into this ambiguity.

Now here were the insiders that I tracked on Friday:

Form 3's: NFBK, CLDB, MBVT, ACXM, KYE, CSRA, RWLK, KBIO (2), IPHS (2), LMOS, NFJ, KF, NCV, CHIN, APPF (2), TAT, NIE, TTPH, RESX (3), FDP, MYOS (2), MS, BLOX, MRTX (7), AAL, CSWI, ITG, PYPL & MJCO

Form 4's (Insider Buys): AYR, OPK, LTS (5), CSX (8), ARDX, CLMS (3), YORW 94), CNBKA (3), DCI, SO (7), JXSB, RELV, WCUI, TIPT, APPO, BPMX, ASFI, SXC, RIT (2), GTXI, DNP, SHLM (2), HCI, OXM, CERN (8), LIOX, VWR, PLUG (8), STAG (6), RT, BFK (2), MUH, BDCO (2), MQT (3), LII (10), ELNK, CUBE, BTA (2), MUE, RGC (10), VYGR, ABCP, AQXP (2), STAA, DRAM (2), TAT, TAX, BZM, GFN, NWIN (2, GPT, NC (7), JPM, PDEX (3), NOG, YUME, CCD (2), FUND, DTOR, HYB, FTF, GSBD, STR, ACV, CMCT (4), SYEV, OZRK, SCCO, LXRP, PSX, SHOS (2), GS, APRI, DYAX (4) & MDSY

Form 4's (Insider Acquirements for $0): HOFT (3), ADM, WR (3), BOKF, EV, NXST, TGT (24), LION, MHFI, HCCI (5), LMOS, CCBG, AKAM, VLP (3), CCBG, BAC, SHLM (29), AAC (9), MKL (2), KRC (15), TILE (10), WYNN (4), GDOT, GLPI (2), OZRK (10), WLL (11), ORBC, CIVI (11), LLEX, APIC (3), YELP, AIQ (4), RAIL (4), JPM (12), MRTX (2), CEQP (7), IM, VEEV (2), EML, DYNT (3), WDAY, PDVW (5), PAHC

Form 4's (Insider Sales): CSX (8), AEPI, DKS, WOR, JXSB, SO (7), WR (3), BOKF (5)CTAS, ACXM, EV, BCOR, CPE, WRK, LIND, NOW, DNP, SNX, BKEP (3), LIOX (4), ABCO, ADX, PFG, PEO, PKOH (2), FDS, MLHR, PANW, VRA, CHMT, PRTA, ATRA, NXTM, LOCK, BAC, SNCR, MNGA, SONC (3), PEG, KFRC, CVLT (5), CA, PLAV, MORE (2), VRTX, CATM, SCOR (2), IMPR, GDL, XOXO (2), TGT, WYNN (4), LC, GDOT, CTL, IDA, GLPI (2), GHDX, AFSI, ORBC, BDBD (10), MAA (6), YELP, GPT, FLTX, JPM (11), LKQ, PE, KSS (4), VEEV (2), PARR, SWKS, FGEN, CRM, QUES, HIVE, DIS, MCI, LCM, PN, EACO, GWRE, MAC, ZEN & RAX

Form 4's (Insider Disposals for $0): ADM, JXSB, TLMR, RGR, PDCE (2), CCBG, CERN, ATRO, ELNK, SHLM, WETF (4), MRTX (2), NVSL (13), WDAY (2) & HNRG

13D's: NOG, APPF (2), SWAY (2), DDC, CQP, AQXP, MRTX, SYUT, REV, MEET, HTWR, IGLD, ERS, AHP, MAXD, STRS, IBIO, ABER & CQP

13G's: STRP, AL, OUTR, HEES, QNST, AEMD, GNVC, FTK, FOMX, TAT, VNDA, LCM, INF, JCE, IOC, INOV, GNMK, HUM, FBHS, HAR, FLR, ENZR, GWRE, EGN, EGP, BOTA, GNVC, BTAHF, MYOS, ORIT & CTG

Beginning with the insider buying, the largest purchase was for PSX fro $121,457,348 worth of shares bought by Berkshire Hathaway. The other substantial buy that struck me today was made by Julian Baker who bought more of AQXP which increased his holdings high enough to now own 40.4% of the company. Julian is always a good hedge founder to follow when it comes to biotechs. The CFO's that I saw buying today work for: SHLM, DTOR, RGC, CERN, SO & CSX.

On the selling list, the sales were for much lower amounts today than the buys. The top sale was nearly $11 million worth of shares sold of BDBD followed by almost $6 million worth of shares sold by PANW. The CFO's selling today work for: ACSM, LIOX, ADF, PEO, CVLT, BKEP, BDBD, BOKF, MAC, JPM, KSS, DIS, NOW & MAA. This personally scares me because the insiders tend to know what's up with the financials & tend to protect themselves into earnings reports. Seeing DIS on this list makes me think they may miss their estimate. Disney is a long hold for me that I was looking to average down on next week but now I'm having second thoughts.

Either way, I hope everyone is able to enjoy their long weekend & hopefully this write up helps you in someway to be more prepared for the bell on Tuesday.

GLTA