The audit log · signal #1408

GF insider buy · signal #1408

10% owner Saba Capital Management, L.P. bought $26k of NEW GERMANY FUND INC (GF), filed Oct 22, 2026, 15:23 New York time.

Logged in advance Logged Oct 22, 2026, 19:24 UTC, before its result could be known.

Entry price$10.26close of Oct 22, 2026

After 1 day, after costs−0.9%−0.4% vs benchmark

After 1 week, after costs+0.3%−0.4% vs benchmark

After 1 month, after costsWaitingdue Nov 21, 2026

Results

After	Price move	After costs	S&P 500	Against it
1 day	−0.8%	−0.9%	−0.5%	−0.4%
1 week	+0.4%	+0.3%	+0.7%	−0.4%
1 month	–	–	–	–

Costs: 10 basis points for buying and selling (0.10%), taken off every result. The benchmark is S&P 500 (SPY), measured from the same entry close to the same later closes. Bad calls stay in the record like every other, and a result that can't be measured counts against the Truth Scores as a miss.

The record

Each entry was written to InsiderBeacon's audit log when it happened; the prices in it are sealed, a commitment standing in for them wherever the log is passed on, and shown here with the salt that opens the seal. Every check below passes.

#5644 · PublishedOct 22, 2026, 19:24 UTC
Insider buy of GF, $26k, score 4. Costs counted: 10.0 bps a round trip.
c567bd6a6c4ff12f679794e8c06a678c0eb576795688ea156cbfca594285e651 ✓ matches its hash · ✓ follows the entry before it · ✓ in the checkpoint for 2026-10-22
#6115 · EntryOct 23, 2026, 19:26 UTC
Entry price $10.26; benchmark the S&P 500 (SPY) at $763.96, the close of Oct 22, 2026.
17ac011bd4c01a6279c8497b31d54fab545dc2932597df3ef74f04cf8951a0fe ✓ matches its hash · ✓ follows the entry before it · ✓ in the checkpoint for 2026-10-23 · ✓ sealed prices match their commitment Sealed: 739dab7d01327ba60c0facba779c21d435b5f212adfb90fce0a96eb4e5c8a065 · salt 26e57d98862e19a4506251ee091dc68d · values {"bpx":763.96,"px":10.26}
#6301 · ResultOct 24, 2026, 05:06 UTC
1 day: price −0.8%, after costs −0.9%; benchmark −0.5%, so −0.4% against it
358c1da4af1ab567ea1ad7e6662597a522fd66dd300f1bdbcfb9ac7633703a68 ✓ matches its hash · ✓ follows the entry before it · ✓ in the checkpoint for 2026-10-24 · ✓ sealed prices match their commitment Sealed: e6a60f25fd0637792a329ebb6170f230a63e5342376a26cf1161812ffdf4508a · salt dc00490b185cc704dc652041615d619e · values {"bench":-0.00522279,"excess":-0.00357448,"gross":-0.00779727,"net":-0.00879727}
#10277 · ResultOct 30, 2026, 01:27 UTC
1 week: price +0.4%, after costs +0.3%; benchmark +0.7%, so −0.4% against it
cef3ef899d23eba8005f9b2821e89ceb6a11cebdbf81e751ad8e62c2dbf08e2d ✓ matches its hash · ✓ follows the entry before it · ✓ in the checkpoint for 2026-10-30 · ✓ sealed prices match their commitment Sealed: 91d1a4af49ed9e5dbafa4b405ffea47c5b896634403481051eebc9d441373d02 · salt c3b2ae003cef58bc36be2cbd113e13e7 · values {"bench":0.00706843,"excess":-0.0041698,"gross":0.00389864,"net":0.00289864}

Checkpoints: Oct 22, 2026, digest 7eb0b5f294a6f368a862315b2e6e2068bf04c28c3cc8806a17af1c1ae452697c; Oct 23, 2026, digest 2980dc4bb964d9439f284ef52ad089b4fb52dc0d938a150969255ae320d904af; Oct 24, 2026, digest 34598f82fccd3feaa91beaa0cad2a239a730ff5a72f2c20fef5a483dc201686f; Oct 30, 2026, digest e34aa0cc39f94579a20cbcb9e0c034ea07d8c995d5d84a591c2992de0d1bf02a.

What this proves

That each entry matches its hash and follows the entry logged right before it, and, once its day is over, that it's part of that day's checkpoint, whose digest fixes everything logged up to then. It doesn't prove on its own that the whole log was never rewritten: only a copy of a checkpoint kept outside this site can. No copy is kept outside this site yet, so these checks show the log is consistent, not that it was never rewritten.

Check it yourself

Download these entries with their proofs: /s/1408.json. The audit log page has a short script that checks every hash, every link and every checkpoint, and explains each step.

Source: the SEC filing. Past results don't predict future ones, and nothing here is investment advice.