Remember in Wednesday afternoon's newsletter we pointed out how Sack Lunch Productions (SAKL) was unusually strong that day, bouncing back sharply from Tuesday's steep selloff? Yeah, well, it's starting to make lot of sense now. The company unveiled some big news this morning ... the kind that would want to make the masses plow in if they somehow knew it was coming. We're just making sure you know about it as soon as possible, as it could end up really lighting a fire under the stock.
Just a quick refresher first. Sack Lunch Productions is the name behind some unique events you may have heard about, and maybe even participated in. Some of these events are The Dirty Dash (a mud-laden foot race), LanternFest (filling up the sky with a few hundred lighted flying lanterns), and its signature event, Slide the City (a 1000-foot long slip-n-slide).
Well, you probably don't need me to tell you the bulls pulled a trick out of their hat today, turning what started out as another losing day into a winner before it was all said and done.
I have to believe it was the Federal Reserve's opinion that doing nothing interest rate-wise was today's bullish prod, although a better-than-expected ISM Services Index score certainly didn't hurt the bullish case.
Good afternoon everyone. We hope you all had a great Independence Day weekend. Too bad we were all welcomed back to the trading week with a sizable stumble from stocks.
Thing is (and we talked about this a little last week), not every stock is fighting a losing battle with a bearish headwind. Traders are finding a few stocks they still think are worth owning, and Double Crown Resources (DDCC) is one of them. We showed you how it was testing the waters of higher highs last week, and it pushed further into new-high territory today.
Take a look. Once again pushing up and off of the 100-day moving average line (gray), today the stock managed to log a net gain of 6% and close above the 50-day moving average line (purple) at $0.14. It's still not above the 38.2% Fibonacci retracement line we'd like to see it clear to get overly excited about the upside potential, but we're close. One more good day could do the trick.
Hello all, and welcome to the weekend. What a week, huh? On Monday it looked like all hope was last, as day-two of the Brexit selloff looked like it could easily turn into day three of the selloff, and then day four of the selloff, and so on. By Tuesday afternoon though, the bulls had other plans. Friday's close for the S&P 500 was 5.1% better than Monday's close.
And yet, we can't ignore the fact that Friday was a distinctly tepid day, with the bulk of the intraday gains achieved during that session being given up before the closing bell rang.
Good morning one and all. As is usually the case with our morning editions of the newsletter, some news broke just a few moments ago and it can't wait. This could turn into quite a catalyst for the Featured Stock in focus today, and letting you know about it after the close may be too late.
Let's just cut to the chase - Double Crown Resources (DDCC) got a whole lot more interesting today.
As a reminder, Double Crown Resources is a two-pronged company. One arm is a mining operation, which for the most part only becomes active when it's got a sales agreement in place. It's got access to gold, nickel, and platinum, but it's also got access to sand, iron, and even guar gum. The other arm of DDCC, however, is the exciting one in that it has the most upside potential because it could be highly disruptive to the shipping/transportation industry.