Dow Jones 11446.66 +207.38 5:24 am PDT, July 18, 2008 NASDAQ 2312.30 +0.00 For info, visit access.smallcapnetwork.com S & P 500 1260.32 +0.00 Change your subscription status here Russell 2000 696.63 +0.00 VOLUME 08 : ISSUE 64 Pickle Pops, Oil Drops - Two Charts That Get My Props Congratulations Michigan! You just got your first Spicy Pickle restaurant. You're the 14th state to be able to say that. If you're not particularly close to Portage, don't worry - you've got nine more Pickles on the way across the state...at least. It's the company's 42nd restaurant.  At this point in time I think we can all conclude Spicy Pickle Franchising (OTCBB: SPKL) is more than adept at growth. They've cranked out a steady stream of store openings since our coverage began in the fall of last year, and I have no reason to think we won't see more of the same going forward. (They've lived up to their word so far.) Each one adds incremental - and perpetual - revenue and earnings.  And that's the key to it all, I think...perpetuity. The concept isn't the kind of thing that's an overnight success. This is a growth story, but there's a ridiculous amount of room for more growth over the next two to three years. I really hope the market gets that.  I bring that up so I can talk about the stock ...I'm wondering if all the market's noise and SPKL's pullback has blurred the compelling part of the story. No big deal if it has. It's happened before and it'll happen again. I just want to emphasize how - eventually - a stock's price reflects the company's results. Maybe not today or next week, but eventually.  Or, maybe it will be that soon, if Thursday's action is any indication.  SPKL had fallen off my radar the last several days, as the bigger issue of a market bottom took center stage. Considering it was yours truly who warned you of what appeared to be a capitulation this past weekend though, I'd say it was a good rearrangement of priorities. (I just wish I had been as clairvoyant regarding Google ...geez)  In any case, I was prepared to look at the stock's slide from 88 cents to this week's low of 53 cents. By the time I was able to focus on the chart again though, shares had pushed off of the 53 cent level and closed at 63 cents.  That's still not to say everything is just how I like it - I'd prefer to not have to rebound from anything, and just rally forever instead. The world doesn't work like that though. Regardless, every rally has to start somewhere.  Undoubtedly, value seekers are the ones doing the fishing here. I can't say I blame them. The higher-volume selling on Tuesday and Wednesday suggests a major player was liquidating. Thursday's pushback hints he or she may be done. (That, or it was just the market's tidal pressures.)  For me, as interested as I am, I'll be a lot more interested in SPKL when it's back above 69 cents. I'll be even more enticed above 84 cents. And yes, a move past 90 cents would really get me going. Just bear in mind following this strategy may mean you leave quite a bit of money on the table.  The only thing that's changed about Spicy Pickle between now and six months ago is the stock's price. Hmmm. Maybe I'll accumulate some at the current level after all.    A Chart We Could All Learn To Love I was going to blog about this yesterday, but I wanted to make sure everybody saw it.  I know most all of you have been following my saga of crude oil's chart. Crude's been volatile to say the least, but over the past several months has remained in a pretty reliable uptrend. That trend has been guided and salvaged by a nagging support line that just wouldn't break.  Well ladies and gents, guess what happened yesterday? OK - don't get too excited just yet, but yes, the more recent of the key support lines has been broken. There's still another one though....the one from a few months ago. It's a start, however.  Just to be clear, I specifically don't expect to see oil make a bee-line for 2002's prices. Heck, I don't even think we'll ever see those prices again. However, this is a first step in what could be a welcome decrease in prices at the pump.  The real test will come when the bulls try to take over again ....which could be soon given the size of the drop over the past three days. If they don't crack $146 that will be helpful, but then they'll need to send oil prices back under $130 to really disrupt the trend. A close back under the upper support line may not do the trick.  It should go without saying a move under the lower support level could close the book on this long, long story. We'll see if this is the final chapter soon enough.    Voyant Dives Into Web 2.0, Unofficially  Not a giant deal, but for those of you who want to follow the broad, day-by-day thinking of Voyant International (OTCBB: VOYT) , the company's CMO has set up an unofficial blog to that end.  It points back to something I mentioned a couple of times a few days ago - I don't know exactly why they've made such transparency efforts, but I have to think they see something good not too far down the road. If you want to review my recent thoughts on the matter - and the business potential - click here to go to our recent company coverage. If you want the company's take on, well, all kinds of things, you can go straight to Voyant's blog.   We Value Your Feedback   Got comments, questions or suggestions? Send 'em on over: Email the Editor If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC 4653 Carmel Mtn Rd Suite 308 #402 San Diego, CA 92130 Subscribe Information is power and timely information is profitable. Become informed and profit from Small Cap Network Profiles and Trading Alerts by becoming a Preferred Member today. There is no cost associated with your email subscription. Add your email address below and make sure to check your email inbox and confirm your opt-in request to start receiving the Small Cap Network Email Newsletter on a regular basis. To ensure newsletter delivery, you can add any additional email addresses you may have to the Small Cap Network Member List. Receiving the Small Cap Network Newsletter in multiple locations is the best way of making sure you don't miss the next investing or trading opportunity! 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For web based email addresses, the Small Cap Network recommends @yahoo.com or @aol.com for timely and reliable email newsletter delivery. D I S C L A I M E R: The Small Cap Network, its website and email newsletter (hereafter, cumulatively referred to as "SCN") , is an independent electronic publication committed to providing its readers with factual information on select publicly traded companies. SCN is owned and operated by TGR Group, LLC ("TGR"). All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. Moreover, as detailed below, TGR accepts compensation from third party consultants and/or companies, which it features in the publication and circulation of SCN. To the degrees enumerated herein, SCN should not be regarded as an independent publication.  Click Here or go to http://access.smallcapnetwork.com/compensation_disclosure/ to view our compensation on every company we have ever covered, or visit the following web address: http://access.smallcapnetwork.com/profile_disclosure/ for our full profiles and http://access.smallcapnetwork.com/alert_disclosure/ for Trading Alerts.  TGR Group, LLC has been paid a fee of $30,000 cash and 1,000,000 shares of newly issued restricted stock by Voyant International Corp. for coverage of the Company. Larry Isen, the editor and publisher of the OTC Journal, through various entities he controls, has purchased 1,200,441 shares of Spicy Pickle at an average cost of $.2125 per share. These purchases were made in Spicy Pickle private offerings. The aforementioned purchases were made between August of 2005 and August of 2006. On 12/15/07, on entity controlled by Larry Isen participated in an additional financing wherein 12 shares of convertible preferred, converting at $.85 into 120,000 shares and 90,000 warrants with an exercise price of $1.60 were purchased. In addition, Larry Isen has received 785,000 shares of Spicy Pickle common stock for consulting services and has purchased 213,343 shares in the open market at an average cost of $.89 cents per share. In addition, MarketByte LLC, an entity controlled by Larry Isen, has received a fee of $30,000 cash, and 300,000 newly issued restricted shares for coverage of Spicy Pickle. TGR Group LLC, the publisher of the Small Cap Network, has received $30,000 and 300,000 newly issued restricted shares for coverage of Spicy Pickle. Mr. Isen is an affiliate of TGR Group. 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