August 3, 2017

That Was SNAPtacular…

Less than a month ago, I warned of SNAPageddon in SNAP Inc. (SNAP – USA) as venture capital shares unlocked and were dumped on the market. Shares of SNAP have now declined by approximately 30% since then—hence my puts increased in value by a few hundred percent. While I expect earnings next week to be abysmal, followed by more share unlocks, I’m cognizant of not being ... Read More
Categories: Investments
Positions Mentioned: None
July 22, 2017

Who’s long Greece?

My good friend Chris, over at Capitalist Exploits has a new service named Insider Trade Alert. Needless to say, I’m a big fan. The strategy is a focus on “asymmetric risk/return scenarios” in un-followed and un-loved securities. When was the last time you even thought of Korean ship builders? When was the last time you thought that long-dated call premiums on European insurance stocks that ... Read More
Categories: General
Positions Mentioned: none
July 17, 2017

Dr. Feelgood

As an investor, my preference is to find long-term macro trends and invest alongside of those trends. Unfortunately, the current market tends to overvalue the companies participating in these trends, giving me fewer opportunities to find attractive trend-based investments. However, that hasn’t stopped me from searching and occasionally finding a real interesting one. An increasing percentage of the population is aging and this often ... Read More
Categories: Investments
Positions Mentioned: JYNT
July 9, 2017


Back in 2000, as the tech bubble was popping, I made a fortune by shorting recent IPOs right as previously restricted shares were unlocked for sale. These companies came public with only a small percentage of the stock sold in the initial IPO in order to create scarcity and an overvalued stock price. 6 months later, a waterfall of stock would hit the market ... Read More
Categories: Investments
Positions Mentioned: none
July 5, 2017

Mall Tour 2017 (Part II)

Malls are bearing the brunt of changes in retail, but they’re only the canary in the coal mine. Let’s start with a simple premise; commercial real estate (CRE) will change more in the next decade than it has in the past hundred years. Anyone who thinks they can fully foresee how it will evolve is lying to you. The only certainty is that highly ... Read More
Categories: Travels
Positions Mentioned: none
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