Update..

I am going to start writing here more often, and hopefully with more focus.

As of right now, I am long ATPG @ $11.60... I still think it looks good here with a stop below $11.50 or so. Titan monetization and MC941 #3 coming online @ 10k BBL/day will hopefully be the catalysts.

One of my other longs (OCNW) got bought out by its main rival for a pittance. I was in @ $4.60, so I didn't mind, but long-term holders probably weren't aren't enthusiastic.

More to come, with a watchlist and some price targets.

Sold

I sold TNDM at around $17.60 for a 7% gain. And I sold half of my CLRT which I was averaged in on around $2.05. The market looks toppy, severely so. I think we will have to have a monumental catalyst to move substantially higher. I sold out of my BBND despite it trading near cash levels. I lost 6% on that one. Will likely add if it drops to the mid-$2's again.

Having said that. I still hold large positions in ATPG (event-driven), CLRT and LIME (valuation-based).

Overall, not looking for a huge drop, but I think a 5-10% correction is in order.

I Bought OCNW

I bought OCNW at $5.75. They are going to release earnings Feb 18th at which point they might trade down due to near-term order uncertainty. However, the catalysts are there. I will post more when I have some time. If they get nuked after earnings, I will double my position and hold until the catalysts play out (1 year or so) or the catalysts wane.

Disclosure: Long OCNW

I Bought

GTI -- Viva la Steel!
ATPG -- Viva Oil, and huge leverage to a small number of projects!!

Back from the Dead

I died a little bit. Investing has gotten a little tough with the market all cracked-out. As of right now, I am long, for the long-haul, CLRT, JAKK, BBND, TNDM and RRST.... I will probably just add to these positions unless something spectacular arises. Like GXDX in the mid 20's, MTRX a dollar lower, ENTR in the low $2s, NR in the low $2s, POWL in the mid $20s, or FEIC @ $15-16.

Good night, and good luck.

Disclosure: Long CLRT, BBND, RRST, TNDM, JAKK

Sold: GXDX and NR

I sold out of GXDX @ $34 or so with a cost basis of around $28.50 and the remainder of my NR position at $3.08 or so with a cost basis of $2.80. My only position is VRGY, which I initiated yesterday at around $11.76. Not sure how long I will hold on to it, but I think it is fairly cheap and is a play on back-end semi strength.

Sold: NR

I sold half my position in NR for a 15-20% gain. Keeping the other half for a little while at least.

Disclosure: Long NR and GXDX in personal accounts.