Bear market picks
On May 10, 2002 Marc wrote about Applied Digital Solutions (NASDAQ: ADSX) as the price had quadrupled in less than two months. A rapid analysis showed that this was due to the FDA informing the company that it wouldn't require any official approval for its VeriChip. It didn't change anything to the fact that this $400 million market capitalization company had lost $200 million in 2001. Adjusted for reverse splits, we went short ADSX on May 10, 2002 for $20.90 and covered six months later for $5 even, resulting in a 76% gain as the S&P 500 index lost 17%. Alpha generated: +59% in six months, or +153% annualized.
Five weeks later, as Nextel stock prices were depressed, Marc noticed that, while the telecom operator was indeed highly leveraged, rating companies like Moody's thought that it would have sufficient cash for the short term, and perhaps grab additional market share. Insiders were buying, and so did we, for $4.15 per share. We sold for $12.40 six months later, a +199% performance while the S&P index had lost 12%. Alpha generated: +187% in six months, or +724% annualized.
"Thanks to the Inside ALPHA Investment Club newsletter, I have enjoyed an excellent performance in the financial markets for little risk. The market neutral approach lowers risk and eliminates market exposure. Marc’s analyses are serious, in-depth; his sense of humor and irony are a plus." Damien Thomas, Private Investor
The founder of Inside ALPHA is Marc Mayor, who has devoted his career to helping people eliminate up to 98% of systemic risk, while making a positive, double-digit annualized performance in up, down and sideways markets 
