Replies to post #7170 on Value Microcaps Zip Code Changers

[littlefish]

Picked up a little STLY today as well (balance sheet play money loser but a small hint of potential moving their furniture mnfctrng back to US and having a bit of housing recovery to possibly help a little bit). Also nibbled on PICO when it drops under $22. CEO gets paid too much but good assets (water in SW US and some land in Cal and Wash). Recently divested their ins biz.

Picked up a little EMMS on the big insider buying not long ago but sold some of that with the uncertainty still over the preferreds. Seems like if it is legal to do so that the preferreds there will get wiped out given the insider ownership for voting. That'd be an interesting break for common shareholders and might be the catalyst behind the insider buys.

I'm still too heavy in cash but don't have time to pick apart companies much these days.

KCG I blew and already sold for a fast 10% loss. I have a feeling they ate it on many trades (like nelson mentioning RSH). Seems there might be a little potential to buy some of those big positions they bought high and had to sell quickly to get out of (selling may have overshot) but haven't had time ot look.

So now we have JPM and KCG showing us how it's done on the street LOL. What a sound system we have.

I also noticed the day prior to the blowup in KCG that a few microcaps had some weird buys at the open that looked suspect.

DPDWD and TORM off top of head although TORM didn't spike all that much. I own both of those.
Both looked like buy orders at the open w/o limits on them for small potato amounts. Wonder if maybe they were NITE orders.

Guess I'll hold NAV with some of the bigs (like Icahn) having decent positions there. Although they are limited to 15% stakes I think so they can't buy much more individually.

Have some small banks that have been doing well but all small positions so not a big deal.

Downsized MSEH position quite a bit for a hefty rough 40% loss after rethinking on it more. Hurts my yearly return and keeps the wife in tiger shape.

Continue to keep Texas big down there ;-) Good luck.