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Brexit poll results took the world by storm while the anticipated result was denied & the British decided to leave the European Union causing a very impactful, negative blow to global markets. I was personally about to leave for Thursday night's 'Music in the Park' when the first official tally was announced for a very small region of the voting area. I was upset all day with my long positions of UVXY & IAU along with my short position in SPY. I felt dismal about it all but somehow stuck to my gut & held. When the first region of Gibraltar was reported on Bloomberg, things seemed even worse for the positions I was holding, with a whopping 95% coming in for "remain". Luckily, I was more than just in a hurry to get out the door or I may have cut losses before after hours closed. While in attendance of the music that evening, I finally checked my phone & bingo! What seemed like a Brexit result was playing out like I had expected despite the media shifting the the "Bremain" standpoint all week long. Anyhow, that was my plan & I reluctantly stuck to it resulting in the rewards I had anticipated. Typically, UVXY is not a long position but I have held it over the weekend in belief that the markets will continue their descent. I feel it to be safe because UVXY is geared up for a technical bounce Monday morning anyways with the 10 SMA about to cross up the 20 SMA.
Anyhow, I haven't written a blog since April because quite frankly, I have been busy & my trading has been somewhat subdued with me just holding long positions for the past month or so. I finally did my own research to see what the big boys were buying & selling so I will pass along the information to anyone reading. I will likely be tracking this next week, too but cannot promise I'll have time to pull together a blog. Either way, here is the data I collected from Friday, June 24th. I hope it helps someone out there.
13D's: TPHS, JASN, DO, CNA, MSBF, SNTA, YKTX, CHRS, SCON, PTX, EJ & DLBDF
13G's: INFI, MFSF, FDC, GBT, SELF, GROW, EGRX & HCFB
Form 3's: LM, CELG, EOS, EVM, EIA, CEV, WAB, QLTI, NXN, NNC, NUO, NPP, JPC, NPF, NPM, NPI, OXM, MIW, EIM, EVN, EQT, EVJ, ENX, JPS, MNTA, EVY, EVO, EIP, EVP, JRS, T, GBBI (2), NIM, NQS, NXP, LENS, NXQ, NXR, NSL, JTD, JTA, NTX, ROP, NEA, NUW, NAZ, NKX, NZH, NCA, WIC, ERII, NXC, NTC, JCE, JQE, JDD, NAD, JMF, AA, NZF, AMID, JFR, JRO, NKG, JGV, NQM, NMY, AIMT, NMT, NUM, JLS, JMT, NMZ, NUV, NXJ, NVY, NAN, NYV, NNY, ZSAN (3), EAC & FSB
Form 4's (Insider Buys): PGLC, FLKS, IBAL, PHF, AWF, IHRC, IBTX, ASB, FUR, FNBC (3), TIPT, LFUS (6), EGN, FBP (11), CRVP, AHH (2), KFS, MIC, IMH, INTT, BLIN (2), BKSC, NYMX, TBNC (8), CNBKA, REEMF, ESES, PDVW & TLK
Form 4's (Insider Acquirements for $0): ABCO (7), BGCP (3), WSBF, CVBF, NQP, EVLV (5), RAD (16), MATX, SYRG, LIME (2), TURV, TMPS (3), CNF, CNS (7), IRET (15), COLB (10), GOOG, WEYS, TCO, PLPM (2), IBP, TSE (8), DCT, ROP, LEN (7), CTT (5), TTI (6), YELP, BOX (3), RH (7), BGCP & CC
Form 4's (Insider Sales): LM, ACOR, CPS, CTS, GLRE, ATRI, GETR (5), FNF (2), DRE, VICR, MPAA, WSBF, CPRT, PFG, FRAP, ESES, FNBG, NWL, CRS, GAM (11), ROK, ORCL, BKFS (2), EV, NGS, ANAC (11), ALOG, NGS, GOOG, PLUS, SRLP, AMWD (2), CBI, LCI, URG, FBP (11), RRGB, DERM, VRA, SYBT, IPHS, PMTS (2), ITG (2), UCLE, LB, VRTX, TNGO, COF, TPLM, CLR, ADBE, HSON, NXRT, LGIH, ENBL, CAMP, CBU, CSCO, RRTS, PDVW, GPRE, CVCO, PHX, YHOO, TPHS, BCOR, TTEK, JUNO, NCS, SUM, HLT (3), YELP, CTIC, GWRE (2), ACPW, QTWO, USCR, ACM, SKUL, BFA, FB, JAKK, SRNE, WDAY, ZEN & PHF
Form 4's (Insider Disposals for $0): PPL, YUME, RAD (6), MVTF, WEYS (2), TCO, IBP, IRET, CTT (4) & SNI
I'm only going to conclude with a couple of notes here because I need to get others things accomplished here soon. One is about FBP. You may notice it is heavy on both the buy & sell side but it looks like some sort of options may have been filed here with multiple forms resulting in the buying side to be much heavier than the selling side.
Another that I made was that GOOG was the largest sale with $23,445,728 worth of shares sold by the CEO followed by FB with $12,471,780 worth of shares sold by their COO. I anticipated more selling going into Brexit but maybe we'll see the forms next week.
Finally, I noted that the only CFO's I noticed buying work for FBP & FBNC. The CFO's I saw selling work for GWRE, CAMP, PMTS, FBP, ANAC & WSBF. Following the money is always helpful, in my opinion.
Lastly, the Form 3 area was a lot higher than most of my blogs but bear in mind that these are just forms that indicate a change in the structure of the company board members. They're worth watching but not a tell all.
GLTA
