Those BHP puts I mentioned in this post, “Rethinking a quasi-hedge on AYSI”, dropped to $2.45 today. So I bought a few more.

For financial professionals, later today. More details on Steam Catapult.

I mentioned on the Short Screen message boards a little earlier that I picked up some of the $12.50 strike SEP 10 Puts on Stone Energy Corp. (NYSE: SGY) today at $1.30 each. According to the Altman screener on Short Screen, SGY is one of the 50 most financially distressed companies among those with share [...]

I was going to blog about this last night, but I was too beat:
AP: BHP Billiton profit more than doubles to $6.1 bln. From the article:
The company said global economic conditions had improved over the past six months, as the United States and Europe lifted industrial output from previously depressed levels and China returned to [...]

On or about February 18th, we’re going to raise the membership fees on both Short Screen and Portfolio Armor; we’re doing some analysis now to determine the exact amounts of the increases. Current members of the sites will be grandfathered and will continue to pay the current membership fees, for as long as they remain [...]

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 [...]