I'm mostly looking at short opportunities in this market.
Couple to research though...
SCOK is a Chinese coal and coking company. Historically, really beaten down. Recently released some news about constructing a facility to turn carbon dioxide into clean-burning synthetic gas, which is supposed to increase profits exponentially more than current activities. Already moved from low .80s in early June to above $2 today. Couple huge volume days of over a million with an average trading volume of 95,000. Books over $6/share. Not sure what's up here. Look more into it, but I'm always afraid of Chinese book cooking and it's overbought now, so wait for a drop if you like it.
I hate retail, but WTSL is heavily backed by activist investors, Clinton Group. I'm playing cheap options right now, which could backfire, but definitely see this moving up to a few bucks in the next year or so. Could be bought out. Also closing a lot of Arden B stores, so next quarter or two might show much better numbers by trimming the fat.
Still think RENN will be bought out. Piece of shyt Chinese social networking company. Price has been trading sideways for almost 4 months. CEO is a loser that does nothing to bump stock price. Nevertheless, they have a big user base that is of value to the other Chinese monsters gobbling up smaller companies right now. Look for a company like Baidu, Tencent, Alibaba, etc. to scoop them up one day. Trading today at $3.18 with cash value per share of $2.73, so not a real dangerous play. I'd look into LEAPS.
And I still like EPE, which I've been talking since January. Still trading at a value around 1.5 book relative to others in the oil industry. Big growth. Heavily leveraged, but who isn't? Lockup period expires next week, so you might see more shares dumped on the market that causes a price drop, so could be a really good time to get in there. February options just opened up, so that's a play too. I've seen a few places saying this, but none super credible, so this may be some sort of repeated misinformation, but I've seen BofA raise price target on EPE from $55 to $65 and currently trading below $22. I haven't seen a price target higher on $30 for this though, so I can't believe it yet.
I like to look for companies like Wet Seal and Ceres that have been beaten down badly, but have good backers and are trading below a dollar because the NASDAQ stocks have a way of magically jumping back above $1 at some point to regain compliance, so if I can get in there with a company like CERE and move up to a buck, I'm good.
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Twitter hopefully picking up where it left off...LVS 
