Posts by JM

GLBS trade for 11/28/2016

Posted By on Nov 28, 2016 | 0 comments

The drybulk microcap mania continues today! Almost virtually bankrupt Globus Maritime ($GLBS stock) ascended +129% today on no relevant news today. Before the market opened, $GLBS filed a 6-K regarding a possible shelf offering so a run-up in stock price today was just plain idiotic. We took this opportunity to initiate an extremely cautious tiny short position in the name (as you never know how high these microturds will fly) and...

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CAL trade for 11/23/2016

Posted By on Nov 23, 2016 | 0 comments

Retailers have been going berserk since Trump won the election. And with black Friday coming up, investors usually chase retailers up more than they should. Today $CAL (Caleres stock) reported in-line earnings and yearly guidance but the stock was taken up +17% on the day. We thought this was a classic example of black Friday retailers chasing as well as end of the year sheep portfolio managers trying to catch the S&P index...

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HTGM trade for 10/12/2016

Posted By on Oct 12, 2016 | 0 comments

Here's another prime example of why nanocap stocks are easy shorts for traders who have balls to step in front of the train. Today HTG Molecular Diagnostics ($HTGM stock) announced a vague development program with some big German companies. No concrete financial terms were mentioned at all in the press release. This for us was a clue to get short on any possible price rips $HTGM may have that day. In addition, if you look at its daily...

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HTZ trade for 9/28/2016

Posted By on Sep 28, 2016 | 0 comments

Negative European car rental outlooks yesterday from Avis ($CAR stock) sent rival Hertz Global ($HTZ stock) stock tumbling -15% in 2 days. After an unsuccessful bottom pick yesterday, we decided to give it another try today as we felt Hertz is a value buy based off comparing their eps growth rate and forward p/e ratio. Their eps growth rate is around double their forward p/e ratio making it a fundamental buy. When the tape told us...

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YRD trade for 8/25/2016

Posted By on Aug 25, 2016 | 0 comments

China announced new lending rules for China's P2P (peer to peer) industry, which is the main business for $YRD (Yirendai stock). The new regulations provided a severe negative headline for momentum longs to dump $YRD stock as the stock ran up from $6 to $42 in the past 6 months. After doing some due diligence reading $YRD's F-1 filing, we found out that the average loan size $YRD provides its customers was well below the RMB200,000...

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