Sax Angle has changed its name to The Insiders Fund, LP.   This site is no longer active


Want to stay current on the blog?  Sign up here for our not so daily digest of blog posts.

We shorted a large amount of S & P ETF

We shorted a large amount of SPY after hours when we learned of the deteriorating nuclear meltdown problems in Japan.  Unfortunately we didn’t short more.    I’m sorry to say we did this as insurance and really don’t want to make money on this as we are still far more weighted to the long side.  We listened to Robert Kelley […]

MBI- I’m very curious about this one- Earnings tomorrow

CEO Brown bought 100,000 shares of this mortage insurer in Nov 2010 at 10.  The media has had lots of play about mortage irregularities and the potential of claims MBI and others might have against the offending banks that created these deficient mortgages.  MBI has also made progress in splitting itself into two businesses, the good […]

50% in cash now and waiting

The last couple of days for us have been very frustating.  We were perfectly positioned going into the President’s Day weekend and suffered almost no losses on Tuesday.  I wish we could say we have been that fortunate since.  There has been nonsensical selling.  Alternative energy stocks, such as AMSC go down when oil skyrockets and even […]