I have been long absent. The SWIR and NVTL stories have played themselves out. They are both losing their PC OEM businesses and not finding replacement revenues fast enough. They’ve gotten extremely cheap if you exclude cash balances. I am no longer short either at these levels.

I am still long AWI as it continues to post very strong quarters despite the housing downturn. When the economy turns, this stock should be phenomenal. In the meantime, they are generating cash and rewarding shareholders.

Sandisk has been an utter disaster. I would not have predicted what has transpired when I originally shorted it back in December. I have no position and I don’t see things improving any time soon over there.

Hibbett’s Sporting Goods is still a rather expensive stock. My attempt at short term trading was wrong but at these levels above $20, they are provided no room for error. They are trading close to 20x earnings. These stories have been ending in a trail of tears as earnings are eventually cut and multiples contract.

I will try and post more often. Currently, some of my favorite ideas are long: QCOM, ONNN, ACIW, MF, HNR, EAC, and PNWIF; and short: STEC, AMSC, HBI, DDUP, and MATK.

Good luck!