Long/Short Equity, Short Only, Growth, Special Situations
Contributor Since 2010
Adam Gefvert is the head analyst for White Diamond Research, a research firm for hedge funds and high net worth individuals. You can read those reports at whitediamondresearch.com.
Primarily a short seller, he has saved investors millions of dollars by exposing highly overvalued small cap stocks. He has a 90%+ success rate with his Seeking Alpha short ideas. He specializes in technology, energy, and biotech stocks, because those are the sectors with the greatest valuation inefficiencies. You can follow Adam on twitter @shiningboy
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PAY +52% Cutting edge payments technology company to be acquired by a private equity group. Revenue doesn't seem to be growing much.
KONE +46% Tomorrow will be the third consecutive day of gains if it is green. That's likely the day to short, or the 4 day rule, short on the 4th day. We'll see where it goes tomorrow. There doesn't seem to be any news explaining this rally.
CNET +42% Doesn't seem to be any reason for the rally. Probably just because it's a China stock that has sold off, other Chinese stocks VNET, CNIT, and CCIH are up but not to the extent CNET is.
SPPI +42% The ORR on NSCLC patients was much higher than they were hoping to get, at 64%. They were hoping to get 20%-30%.
OSN +19% Nanocap Chinese steel manufacturer. Up on no news.
RGNX +19% One of several gene therapy biotechs up from AVXS buyout. This one is up quite a bit more than the rest because it's partnered with AVXS.
LEDS +18% Up on no news. A nanocap LED chip manufacturer in Taiwan. Stock has a volatile history of often running up.
CRON +14% $1b market cap Canadian pot grower. No news, but a few days ago got ug by IB banker GMP Securities to buy from hold. There were 4 IB participating in its offering, so investors might be expecting more ugs.
MTSI +14% $1b mc semiconductor company for wireless solutions.
IOTS +14% $200M mc designer of app-specific low power non-volatile memory products. Up on no apparent news.
SELB -15% Down on ph 2 trial data. 8 SAEs related to SEL-212. Some suggest the amount of gout flares was less than current urate lowering therapies on the market. I don't know enough about the company and its trial results to know whether it will go back up or fall further. I'm leaning towards fall further because there's so much bullishness on twitter.
UPL -12% Above average volume, hit 52 week lows today. Stock down 64% ytd, had a lot of debt after exiting ch 11 bankruptcy, now has $2B in debt. Bonds trading at distressed levels. Yesterday there was an article here: https://www.thelincolnianonline.com/2018/04/09/ultra-petroleum-corp-upl-bond-prices-fall-1-2.html
in the Lincolnian.It said bonds fell another $1, and bond moves often anticipate parallel moves in the stock price. Stock opened a little bit green, then sold off hard and slowly sold off through the day. But the company is profitable, so shouldn't have a problem paying off the debt in the long run.
TUP -11% Creates products under the Tupperware brand name. Bad earns.
TRPX -11% Yesterday up big on positive results from ph 2a study on tourettes syndrome. But the stock closed at lows yesterday, that's a sign that it will continue falling today. The stock opened slightly green, sold off and continued selling off into the close. This is a stupid, $20M nanocap biotech. There's likely a lot of BS and air with the study for a biotech this small .
EMKR -11% A microcap, provides advanced mixed-signal optics products in California. Cut Q2 revenue guidance a 2nd time, said there was a big demand shortfall from a major customer.
DXR -8% In March 20, insiders had sold their shares at $6.44 per share. Like many nanocap healthcare stocks, once the spotlight gets off them, and volume decreases, the share price fades. Since March 22, the volume has been low.
HMNY -8% MoviePass announced a partnership with Flix Brewhouse, a cinema that pairs full service in theater dining with beer. This is another expense for MoviePass. HMNY rose 2 days in a row on the news, gave all the gains back today.
EVHC -7% News about UnitedHealth dropping contract with EVHC came on Fly at 12:14pm. EVHC had opened higher, fell around 12pm, so maybe the market got the news at teh same time. EVHC continued falling and closed at lows.
ARMO -7% No news, but has been downtrending every day since April 4th.
SLS -7% Continues downtrend, 3rd day in a row, and biggest fall today.