News Details – Smallcapnetwork
The Planets Align for Intelligent Content Enterprises (ICEIF)
/

February 2, 2024

/

PDT

Good Tuesday afternoon, folks. You know, I came oh-so-close to suggesting Intelligent Content Enterprises (ICEIF) was at a buy-worthy point in yesterday's newsletter. The stock had fallen rather sharply over the course of the past two sessions, for no reason at all. With a story as good as the one ICEIF has though, the odds strongly favored a bounceback. Sure enough. The chart below tells the story. With textbook perfection, Intelligent Content Enterprises shares only had to kiss the 200-day moving average line (green) with yesterday's low before bouncing back. By the end of the day more than half of the intraday loss had been erased. The bulls followed-through today with a big surge, putting an explanation point on what now looks like something of a mini-capitulation on Wednesday. Whatever it is, the tide has clearly turned for the better again, and newcomers can get in at a price I honestly never thought they'd be able to find. Just don't tarry, as I don't expect the market to let ICEIF linger at these low levels much longer. As for the catalyst behind today's portion of the rebound effort, I suspect this morning's news had a little something to do with it. Long story made short, the growth targets Intelligent Content Enterprises had set for itself in 2016 have already been achieved.... more than six month ahead of schedule. That is, as of the latest look, the company is now piping in content from 565 different websites, and translating it into a few dozen different languages so it can be consumed all over the world. It was initially trying to reach that mark by the end of the year. Traffic is building as well. Its website, www.digiwidgy.com, reached an Alexa ranking of 30,874 this week, meaning it's the 30,874th most visited website in the world. That's huge. It continues to climb too. As we said back with our very first look on May 2nd, this is a story of the progressive building of revenue stemming from the paced addition of new websites and new content. The content's in place, and expanding. The revenue will be next. There's not a lot that can stop it now. Intelligent Content Enterprises wasn't the only Featured Stock to become a big bullish mover on Thursday though. Remember how we noted Oakridge Global Energy Solutions (OGES) seemed to be coming alive in yesterday's newsletter? It was up 30% today, and on even higher volume than yesterday. Like we said then (and as we've said so many times of so many other small caps), expect it when you least expect it. Our Featured Stocks can light up just like you're flipping a switch, which is why you need to be willing to buy even when it might feel a little uncomfortable to do so. There may be one catalyst out there for OGES. You may recall it was going to be featured on a television program called "Power Up America"... a three-parter that talks about the role Oakridge Global Energy Solutions' advanced battery technology will play in the future (which is now, by the way). It's also going to be featured in "New to the Street," which is a showcase of up-and-coming companies. I've not seen a schedule of those, but it's possible one or both have started to air. I've not seen either though. Let me know if you've seen them. Thing is, the prod doesn't matter. Once the fuse is lit, it can't be unlit. The recent bullishness is just the realization of the potential and opportunity that's been packed into OGES all along. In any case, tomorrow's the big day. People in Britain are voting right now to either remain part of the European Union, or do their own thing. It's been a key reason stocks have been so hot and cold -- mostly hot -- this week. I tell you what though... I think many investors are watching the wrong thing, and making some errant assumptions about U.S. stocks. More than anything else, the Brexit debate isn't really about the economy. It's about currency. Sure, economies affect currencies, but getting a grip on whether the dog wags its tail or the tail wags the dog is crucial in this instance. The general consensus is, if the UK leaves the EU, the pound will fall and the U.S. dollar will surge. If the UK decides to stay in the European Union, that will apply bullish pressure on the pound, and put (even more) bearish pressure on the greenback. Both scenarios represent a flight to relative safety. This matters to all parties right now, because as we know, the dollar is already hanging by a thread. Indeed, the U.S. Dollar Index temporarily broke below a key floor at 93.4 before bouncing back to a close near that level. It's almost as if the dollar bears are getting warmed up. And, maybe they should. Here's the funny thing about the whole thing (and I'll acknowledge it was the Elite Opportunity Pro's John Monroe that made the point)... this is more an exercise in psychology and gamesmanship than it's a reflection of the actual value of the pound or the dollar or the impact on their respective economies. John explains: "If you really stop and think about it, the markets have not even remotely priced in the possibility of a Brexit, but there's all kinds of hoopla surrounding the possibility of the markets going higher if the end result is a resounding no. That doesn't make any sense at all, because let's say this was never even an issue. If that were the case, then the markets would obviously not be reacting to any of it, right? And, when you consider a yes vote hasn't even been priced in, then wouldn't a no vote just be meaningless to our markets? Logic would think so. However, these markets continue to look for every excuse to go higher. Yet, over the last few days, despite the markets every attempt to move decisively higher, traders have stepped in and applied pressure. Will those shorts once again get it handed to them as soon as today, or are they on the verge of winning their first battle in quite some time? We're about to find out." He's right, as usual. And, he was especially right when he went on to say the thing we need to watch with the Brexit vote is less about the Brexit vote and more about the response to it. There's how and where traders may (1) tip their hand, and/or (2) be forced to commit to a position. He was right most of all, however, about how to play the post-vote volatility. Stocks aren't it. Gold and oil -- both of which are impacted by the dollar -- are the trades to be mulling. If that's new territory for you, then I strongly recommend becoming an EO Pro member. Clearly John's got his finger on the pulse of what's really going on right now, and even talked about those trading setups today. I'm telling you.... I've been watching John navigate a crazy market for four years now, leading Elite Opportunity members through some pretty hairy stuff, and making good money along the way. I totally get why so many professionals -- fund managers, proprietary traders, etc. -- subscribe. The cool part is, John makes it easy to understand for the average Joe-on-the-street, and makes it actionable as well. It's still the creme of the crop among our four premium services. Those who get it know exactly why.