Now that crude is once again crashing and burning I have been playing bounces down here below $45 by shorting the 3X Crude Bear fund (DWTI). I am having a hard time at this point though taking any investment a step further to invest in any micro-cap oil, like ESTE - Earthstone. If oil stays this low for a longer period it could prove quite bad for these small players, even the ones with solid balance sheets like ESTE.

Our favorite value play over the past year or so has now graduated to "Momentum Stock" status. First Internet Bank (INBK) which was trading below book value just about 6 months ago is now trading about 2 times book. It appears that our original darling in the internet banking space (BOFI) has stalled and hot money is rolling over to (INBK). I am now completely out of (INBK) at this point. This is exactly the same thing I did with (BOFI) and it continued on to huge gains and I vowed not to do it again. However this time my business partner still has a nice batch of (INBK) shares so the stock, which is now up about 133% in 6 months, may continue to benefit at least one of us.