Sullivcd

Other points of interest to me: 1. C can earn $1 per share 2. His mom fired him during the credit crunch

Check out the INTC intra-day chart for today. Company cuts sales outlook and shares plunge over 12% in literally a minute. Trading halted, now shares trading above where they were prior to the outlook cut. Weird.

I know some on the board are at least occasional readers of John Hussman. He follows the folks at ECRI as well and wrote about his interpretation of their data in a recent letter. Here it is: http://hussmanfunds.com/wmc/wmc100628.htm

CoSine (COSN.PK) is one that has been mentioned on the board before. $2.18 in net cash with around $20 in NOLs trading for $1.73. It recently announed "the expansion of its strategic plan to include investing its resources with the potential for capital gains." Steel Partners is the controlling shareholder.

The new CEO is an engineer and committed to expanding the product line rather than returning cash to shareholders. Every conference call, management says there weren't any block trades to allow buybacks. The idea of a Dutch tender has been raised by Richard Fearon of Accretive Capital and management appears receptive but continues not to act. Revenue guidance was up for next quarter so it looks like they have turned the corner and good things could be coming but the lack of a true activist investor leads me to think earnings will have to be the catalyst to unlock value.

Here is a great article detailing the dangers of VXX. Thanks to calonego for the blog link on a different thread. http://adventuresincapitalism.com/post/2010/04/28/Designed-To-Fail.aspx

Selling volatility on vix spikes against my hedges with 50% cash waiting for the slow fastball down the pipe.

If you are looking for Plymouth Rock exposure, check out CET. Plymouth accounts for 30% of its NAV. CET is currently selling for a 17.5% discount to NAV.

It is LCSHF for optionsfirst users, I would assume it is the same across brokers. Appears to be very thinly traded though, might have trouble getting set up.

AHL