Call(s) to Action: LAKE
LAKE ($7.00)- Very speculative play.
In addition to investor enthusiasm over companies that produce body-worn cameras, another hot topic has been the potential drugs that may cure and protective suits that protect against the Ebola virus. This has come to light due to the disease’s outbreaks in parts of Africa. Investors may assume that LAKE will benefit on the protective gear front as the U.S state department alone has put out bid for 160,000 protective suits. Lake has stated the company has increased manufacturing for protective apparel for use in handling the Ebola virus., potentially leading investors to assume LAKE is seeing an uptick in Ebola related protective clothing. GeoTeam took a small speculative position.
Here are the other stories that the GeoTeam is following today… (Please see full disclosures at bottom)
- HOLI ($22.02) – Seeking Alpha article, “Is HollySys Hiding Something?”
- VNET ($19.87; marked down pre market) – Seeking Alpha article questions some of the pictures used by Trinity Research. Trinity offers response.
- CO ($5.25) – JayHawk Capital increased stake to roughly 13%.
- BITA ($84.17, marked up) and ATHM ($44.65, marked up) – Tiger Global Investments took initial position for both of the companies, with 14.9% stake in BITA and 18.5% stake in ATHM.
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Disclosure: Small Position in LAKE; Other Long Positions; Other Short Positions; Pump & Dump Positions (Password GEO2014)