Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

Sanrio (8136 JP) Large Secondary Offering - Don't Say Hello Kitty! Too Soon

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sanrio-co-ltd" target="_blank" data-smartkarma-citation="entities:16476:1" rel="noopener">Sanrio (8136 JP)</a> announced a deal last week which I discussed in <a href="https://www.smartkarma.com/insights/sanrio-8136-jp-large-secondary-offering-don-t-say-hello-kitty-too-soon" target="_blank" data-smartkarma-citation="insights:167933" rel="noopener">Sanrio (8136 JP) Large Secondary Offering - Don't Say Hello Kitty! Too Soon</a>.  Next day it fell sharply. </li>
<li>There was shorting involved, and since then the stock has rallied 18% to clear the undisturbed price which itself was an all-time high, up 5% in the previous two days.</li>
<li>There is some LO buying, some HF covering, but a LOT of day-traders. In five days the stock has traded 903% of its Maximum Real World Float. That's a lot.</li>
</ul>



Sanrio (8136 JP) announced a deal last week which I discussed in Sanrio (8136 JP) Large Secondary Offering - Don't Say Hello Kitty! Too Soon.  Next day it fell sharply. 
There was shorting involved, and since then the stock has rallied 18% to clear the undisturbed price which itself was an all-time high, up 5% in the previous two days.
There is some LO buying, some HF covering, but a LOT of day-traders. In five days the stock has traded 903% of its Maximum Real World Float. That's a lot.


Sanrio

Sanrio (8136 JP) - Kitty Behaving Badly