Another crappy week. I was down 5.1% and am now up 12.4% this year.

Nothing dramatic, just death by a thousand paper cuts as small caps go back on the “ignore” list no matter what they do.

I bought some ONDS for one of my kids at their request to buy a drone stock. ONDS looks like the best bet in an area where all stocks appear overvalued to me.

IRIX announced Q2 earnings. No progress on revenues and they had another small loss. The investors who bought $10 million of stock at $2.00 last year are not happy. Hopefully they will get them to sell the company. It is trading at about .25 of revenue. At 1X revenue this is a $3.50-$4.00 stock. A few years ago, buyouts in this space were at 3-6X revenues. Again, nobody cares about bump along microcap medical companies. A sale is the only hope to see some value here-IMO

ARAY also announced earnings. Another med-tech stock no one cares about. Equipment revenues were down, apparently due to sales in China. They really didn’t explain why. A reverse stock split is coming soon. Their expense cutting is showing some benefits, but they still have a long way to go. Another stock I refuse to give up on (probably stupidly).