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Small Cap Stock Pick # 1

???? we have traded in the past for some solid gains not too long ago. Now that that have released a record earnings report momentum is back in favor of the bulls and its very possible that we could swing a big profitable trade on this stock once more.

”

???? Reports Record Financial Results for the Fiscal Year 2008
Friday August 22, 9:02 am ET

- Annual Revenue Increases 206% to $25.3 Million; Net Income Increases 1031% to $6.74 Million -”

Technical Analysis:

Price action broke out from its descending triangle and met resistance around 1.22 from its last peak early this month. I think its very possible for momentum to continue on this stock so i want to buy a 1/2 position Monday Morning and buy the second 1/2 if given the chance on a dip.

Small Cap Stock Pick #2

???? has been beatin down severely in 2008 losing over 90% of its value and a lot of short sellers pressing this stock down as well. Yet this also presents a good opportunity to buy this stock on a breakout and catch a short squeeze and with this stock trading at just 2.69/share now its very possible to see some huge moves.

Technical Analysis:

??? made a steep decline over the past few months yet has stabilized forming a horizontal trading channel. Friday that channel was broken to the upside showing a buy signal as there is no resistance in this stock until $5/share as well. I think we could see some solid gains out of this stock over the next few weeks. I want to go long a 1/2 position here Monday morning.

P.s. Last week was nice having the week off i dont think i have taken a full week off from trading in over 2 years haha….. We finally got settled into our new place in San Diego i love it here we’ve been having so much fun and were goin to a chargers game tomorrow night so that should be sweet!

Heres where we live in mission Beach. and a picture of the view out my bedroom window, Some Millionaires vacation home and the ocean Hopefully in 5 years i’ll move beach front

Tags: Small Cap Stock Picks, Technical Analysis

This entry was posted on Monday, August 25th, 2008 at 4:26 am and is filed under Small Cap Stock Picks, Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.