Allow Me to Introduce Myself

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First off, I am overall cautious on the market. I am long puts on IWM. The deals that I am bullish on are catalyst driven. I took profits on BKS today and reduced my position in PAMT. Although I am hearing some really interesting things with PAMT and feel the stock can trade $30 on an event, there’s nothing wrong with taking profits. This is a sellers market. If you have gains, you should take them. If you’re desperate to catch up and make some money, odds are you are late and will lose.

There are a few names that I like now, all in the small cap space. I like these deals because they are insulated from the rest of the market. At times, they are illiquid and hard to get filled. However, the process of illiquidity to liquid often leads to outsized gains. It also clarifies the decision of when to sell. In the case of UNXL, I was long the name from the low teens, when no one even knew about them. I sold into liquidity and do not own it now. It no longer trades based upon catalyst, due to increased institutional ownership and a lot of hot money.

Right now I like CNDO and CLIR. I’ve done extensive research into both names and have conviction with them. But keep in mind, I was early to both, owning them much lower than current prices. I’ve been waiting for a pullback in CNDO and have received one. If it wasn’t for my overall bearish opinion on stocks, I’d be an aggressive buyer here. Instead, I am nibbling.

Another name I am researching is POWR. I do not own any and would like to buy it cheaper, same goes for PWE.

CIMT is another name that I own. The 3-d printer space has been ripping higher, so be careful of profit taking.

There is a ton of risk appetite out there, which scares me a little. I am playing the hand that I know, but hedging it via broad market puts.

Oh, one more name that I am long is CALL. This is a pain oriented trade, meaning we are long in order to assist in causing a short squeeze. So far so good!

26 Responses to “Allow Me to Introduce Myself”

  1. very similar writing to this other guy I know, who runs this site I know of

  2. Any color on CALL? Fly said you liked it the other day. Curious if you’d own it here…. especially in light of earnings this evening. Thank you and look forward to your picks and insight.

  3. Welcome to iBC, appreciate your research and opinions.

  4. and by that I mean Fly, on iBC

  5. are u the little gambler inside the FLY? anyways great picks.

  6. Wasn’t chivo banned?

  7. It’s nice to see that the Fly no longer fights with you. You two have entered into a symbiotic relationship. Also, you left one word out of the title.
    “Please allow me to introduce myself
    I’m a man of wealth and taste…”

  8. As I said in a previous post, The Devil will not write any of his posts. We discuss ideas and I pen it for him.

  9. chuck bennett

    I’m moving out of the office

    regards

    chuck bennett

  10. So is The Fly is possessed?

  11. Mickey Mouse just printed 66.6666

    *just an observation

  12. Welcome, Satan. We’ve been eagerly awaiting your presence here. Thanks much for your ideas & perspectives on the market. Looking forward to more of your blogs in the future.

  13. chuck bennett

    Lets be CLIR

    regards

    chuck bennett

  14. widespread panik

    Welcome sir!! Glad to have you aboard vicariously through the Fly’s excellent penmanship.

  15. PostApocalypticTrader

    Been doing the same but with a longer hedge with RWM in one account and nibbling intradays of TZA in other account. Lots of cash. Remainder in carefully selected small caps with strong upcoming catalysts that must take effect during, not after, this summer season.

  16. widespread panik

    What puts and what strikes? IWM puts I am guessing July- Sep?

  17. I like clear , but will wait for the secondary

  18. Awesome opening line! It is all downhill from here for you.

  19. Welcome to the Devil!

  20. Devil believes a downside reversal is imminent.

  21. widespread panik

    Long VIX July 13 calls!

  22. chuck bennett

    devil out of CALL.

    regards

    chuck bennett

  23. welcome

  24. $WDAY

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