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Lares Capital
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Lares Capital, a long/short fund that specializes in small caps, option strategies, and low-liquidity equities. The fund invests in both domestic and foreign securities. You can contact us at sa@larescapital.com.
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Lares Capital LLC
  • Biolase Is On The Move 2 comments
    Dec 27, 2013 3:45 PM | about stocks: BIOL

    I recently wrote about Biolase, a laser dental equipment maker used for complex dental procedures such as placement of dental implants and bridges, bone grafting, and gum surgeries, in my "Top 5 Ideas for next year". I speculated that the company, which makes most of its money from selling very expensive Waterlase Systems may benefit from the expected expiration of Section 179 tax deduction which allows an immediate full expensing of capital purchases up to $500 thousand.

    I think the stock price was artificially depressed due to the end the year tax-loss selling. There is no news today but the equity is up almost 20% on more than 3 times the usual volume. Perhaps, the January "losers" rally arrived a few days early.

    (click to enlarge)

    Stocks: BIOL
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  • The Long Tail of Finance
    , contributor
    Comments (680) | Send Message
     
    Perhaps some insider trading ahead of the news that came out today?

     

    Dec. 30 (Bloomberg) -- Biolase up 19% pre-mkt after earlier
    granted Canada license to sell EPIC 10 soft-tissue diode laser.
    30 Dec 2013, 02:45 PM Reply Like
  • Lares Capital
    , contributor
    Comments (390) | Send Message
     
    Author’s reply » Agree. Looks suspicious and the volume was up.
    30 Dec 2013, 04:04 PM Reply Like
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