Over the last two weeks, I have sold out of Conrad Industries, doubled my Emeco position, and bought stakes in Mayur Uniquoters, Alaska Communication Systems, Republic Airways Holdings, and The Dolan Company. I have also converted about half of my position in Hawaiian Holdings into $5 and $6 call options expiring at various dates between September and April.
In addition, I had been accumulating a stake in Axia NetMedia but my ambitions were cut down when the company unexpectedly sold its crown jewel for a pittance. I sold the shares I had bought just a few days earlier for a ~10% gain.
It’s been a long, long time since I’ve held so many different names. It feels like chaos.