Author · brief 2026-06-22

@puppyeh1 puppyeh1

Rigorous special-situations PM dissecting ASX small-cap arb and AI-capex macro bear

Publishes original, quantified merger-arb and special-situat

trader score
+0.38
hit rate
54%
mean α
+0.32%
signals 14d
36

Grade = how their written analysis reads (A best). Trader score = how their last-20 timestamped calls performed vs SPY. · Analyst brief as of 2026-06-22.

Their picks, scored

Across their last 13 scored bets: 54% hit rate, +0.32% mean alpha, trader score +0.38. Their last-14d mentions, direction-adjusted, have moved -3.6% since posting (mean over 5 mentions with price data).

Bullish ASX small-cap calls centered on EDU and CCP

Author is concentrated in bullish Australian small-cap situations, especially EDU.AX re-rating after enrollment strength and CCP.AX after a disclosed long thesis, breakout, and removal of an overhang. Distinctive read is event-driven: low valuation plus operational print for EDU.AX, short/overhang setup for CCP.AX, and legal settlement upside for A1N.AX. Late-week activity stayed bullish, with CCP.AX becoming the dominant focus after the EDU.AX call.

Themes3analyst read · 2026-06-22
Education enrollment re-rate and valuation upside
bullconsistent2 signals
EDU.AX
⚠ 100% of theme signals are EDU.AX — flag pump risk
CCP breakout, short pressure, and overhang removal
bullconsistent3 signals
⚠ 100% of theme signals are CCP.AX — flag pump risk
ASX event catalysts and forced re-pricing
bullNEW4 signals
A1N.AXCCP.AX
⚠ 75% of theme signals are CCP.AX — flag pump risk
Direction this week

Conviction is concentrated in bullish ASX small-cap event setups, led by CCP.AX and EDU.AX. CCP.AX shows the clearest late-week intensification, moving from disclosed long to breakout commentary and Bennelong overhang removal. Pump-risk is highest in CCP.AX given 100% concentration inside its dedicated theme and repeated bullish framing across three signals.

Position disclosures1skin in the game
CCP.AX Disclosed long CCP.AX with thesis playing out and stock materially higher near-term held
Best hypotheses2their highest-scoring claims in our index
The equity raise and rising AI capex dilute holders, pressure free cash flow, and could cap Alphabet’s valuation.
bearHIGH6 co-supporters
BBBY’s history is being used as negative precedent for Ryan Cohen or GME-related pump-and-dump behavior and failed squee
bearHIGH4 co-supporters
Recent signals15receipts included
date (PT)tickerauthorsentwhat they saidsince thenreceipt
2026-07-02·@puppyeh1·Vague positive framing toward AI capex bottleneck names, but no tickers named.·
2026-07-01·@puppyeh1·Expected a filing by now and would be surprised if none by end of week, but no ticker context.·
2026-06-29·@puppyeh1·Speculates an unspecified bidder could get a deal done at 72c, but ticker context is missing.·
2026-06-29·@puppyeh1·Speculates an unspecified party may rebid for the whole company soon.·
2026-06-29HUM.AX@puppyeh1+0.35AA nominee not yet appointed to board; author says AA is creeping and business must be broken up.·
2026-06-28·@puppyeh1·Argues early technology transitions start concentrated then broaden, using LCD analogy.·
2026-06-28·@puppyeh1·Skeptical that customized DRAM can decommoditize after becoming a commodity.·
2026-06-28·@puppyeh1·Skeptical that memory cycle relationship no longer applies despite relative value versus AI names.·
2026-06-25·@puppyeh1·Says managers do not care about stock and it is not where to be invested.·
2026-06-25·@puppyeh1·Challenges anyone to frame content bullishly for the AI capex space.·
2026-06-25GOOG@puppyeh1-0.55Says GOOG paying MU 85% gross margin and 4x ASPs is bad for Google.+4.1%
2026-06-25MU@puppyeh1+0.55Says GOOG paying MU 85% gross margin and 4x ASPs is bad for Google.-19.6%
2026-06-25·@puppyeh1·Calls cyclical bubble environment insane and equities priced as if it persists.·
2026-06-25·@puppyeh1·Dismisses bullish memory-cycle analysis as ignoring commodity-cycle history.·
2026-06-25SPCX@puppyeh1-0.25Likes memory relative value but skeptical of unprofitable LLM valuations and SPCX/Grok exposure.·

Grade is our human read-worthiness rating; trader score is a rolling 20-bet hit-rate/alpha composite — different things, often disagreeing. “Since then” is direction-unaware in the table; the summary line above adjusts for which way they leaned.