Some days it looks like the long awaited market PE revaluation is finally happening, but then the next day it doesn’t. I still have not seen any days where the market breath is 9,10,11 to 1, losers over gainers. It has been years now that we have not seen a capitulation.

I am still sitting with some of my old dogs, IRIX, ARAY, CTRM. I never sold them (I am stubborn and hate to take losses). ZIM (shipping company) got a healthy take-over offer this year, but it seems nothing can move CTRM due to it’s greedy and inept CEO. Small medical and even big medical device company are still being shunned. I still have some hope for IRIX as they seem to have stopped the cash burn and may even make a profit. I am holding ARAY because it is worth almost nothing at this point.

PERI and NEXN are doing just fine financially. Both are still very CHEAP IMO.

ACH is a 1-2 year hold, unless something bad happens.

EDAP had a great revenue Q4 (if they ever report the final results) but the cash burn is still a concern.

I am still holding 50% of my VNDA. Advertising spend is a concern but they still have a ton of cash.

ANGI looks very CHEAP to me.

I am still up for the year, but only by about 2%, mostly due to my trades in DHX and VNDA.