Hey All... Hope your Thanksgiving was as good as mine. There's always something very comforting and peaceful about being around the whole family on Holidays. Salt of the Earth, stuff if you ask me.
Seen your local department stores over the last few days? I'm not sure there's a difference between Black Friday and Occupy Wall Street, except that Black Friday campers at least have a purpose. We're actually starting to think camping tent sales are going to exceed fourth quarter expectations! See here for yourself.
On to more important issues than tent sales... Although the markets appear ugly on the surface over the last few days, I'm fairly certain we'll see a tradable rally soon. With that in mind, I see a few small stock charts that are shaping up for what could be pretty decent trades with very little downside risk.
Compelling Charts for a Long Trade
Rite Aid (RAD) isn't the sexiest of stories, but the weekly chart here is pointing to a very big break-out coming soon in the stock. As you can see, The 200 day moving average, the 25 X 5 displaced moving average, and the 3 X 3 displaced moving average are all starting to converge, which means bottled up consolidation is soon to break in the coming weeks. A trade to the long side could prove very profitable but it may take a few weeks to pan out. Of course, if you decide to jump in I would use a protective stop in case we're wrong.
The next chart that looks pretty compelling is On Stream Media (ONSM). You can see it had huge capitulation last week with a big shake of the tree to the downside and snapped back convincingly. This often becomes the catalyst for a major directional change and this stock has been fairly beaten up for quite some time now. Tread lightly here and use protective stops but if ONSM decides to gather steam, this could be an excellent trade.
If You're Not Considering the Mobile Marketing Sector, You're Nuts
Hate to sound like a broken record but I can't believe how so many small stock investors will speculate and throw money at unproven companies and their stock. Our three most recently launched Featured Stocks are all proving proof of concept and making nice waves in the process. Today, we'll take a quick look at how one of our three is literally in the cat bird seat of a multi-billion dollar digital advertising trend....
CommerceTel (MFON) is in, what I believe to be, one of the fastest growing sectors in tech - mobile marketing. SCN Contributor, Dennis Askew, points out here: http://www.smallcapnetwork.com/Mobile-Marketing-is-Now-Attracting-Brand-Names-en-Masse-MFON-VELT/s/via/14/article/view/p/mid/1/id/381/ how large multi-national corps are flocking to mobile marketing which is usually a very clear indication of a lasting trend that intelligent investors can take advantage of.
SCN Contributor, Matt Briar, provides excellent insight into how the technology landscape is shaping up and proving that CommerceTel (MFON) is sitting on a gold mine: http://www.smallcapnetwork.com/Amwest-Imaging-OTC-AMWI-Facing-Off-With-CommerceTel-Corporation-OTC-MFON-on-the-SMS-Front/s/via/6540/article/view/p/mid/1/id/32/.
That's it for today folks. If you have any trading or investing ideas you think warrant coverage, please let us know. We take a look at every single one. Just don't send us retarded ideas like some random non-reporting pink sheet stock that's drilling for lithium in the South Pole or something. 'Tis the Season, so let's at least focus on the North Pole.
Have a fantastic weekend!