Back on January 19th, when the Dow closed above 10,700, I posted this on the Short Screen message boards,
Had limit orders in for puts on two companies I found on Short Screen’s screener. One idea behind my Short Screen put basket is that when the market corrects, I expect financially-distressed stocks will fall further [...]

The company announced today that it expected its pretax profit for its fiscal first quarter 2010 (which corresponds to the fourth calendar quarter of 2009) to be about $2.24 million (or about 12.9 cents per share). Looks like this could be about 8 cents in after tax profits for the quarter.

On the old blog last month, I wrote about the problem of quasi-hedging a micro cap stock such as Alloy Steel International (OTC BB: AYSI.OB). As I noted there, since Alloy Steel doesn’t have options traded on it, it’s impossible to hedge it against idiosyncratic, or company-specific risk. My main concern though isn’t company-specific risk [...]

Shorted sheet rock  company USG today at $12.45. As I mentioned on the old blog last fall, I regretted not shorting this when I was first bearish on it back in ‘08. Would have been a better bet to short USG back then, but we’ll see if I can make money shorting it now. I [...]

I have been thinking about Brigham Exploration Co. (Nasdaq: BEXP) off and on since last August, when U.S. Energy Corp (Nasdaq: USEG) entered a drilling participation agreement with Brigham in Brigham’s Bakken oil properties. Today I shorted BEXP at $13.11. Because BEXP was in financially dicey straights back then (it had an Altman Z”-Score1 in [...]

There has been some caterwauling lately about the relative paucity of press releases by Alloy Steel International (OTC BB: AYSI.OB) on the stock’s Yahoo and Investor Hub message boards. Some of this caterwauling seems to have been emanating from disgruntled former shareholders who dumped the stock after the company’s 10-k , which featured lower-than-expected Q4 [...]

This took forever, but here we are. Thanks for stopping by.
My plan is to occasionally blog about specific securities here going forward, and then blog about pretty much everything else over on Steam Catapult, though there will probably be some overlap here and there. As I mentioned on Steam Catapult, we’ll figure that out as [...]