News Details – Smallcapnetwork
Vitality Biopharma (VBIO) and Staffing 360 Solutions (STAF) Are Meeting Investors in Person
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February 2, 2024

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PDT

Welcome back from the weekend everyone. And, the market certainly welcomed everyone back with open arms. Traders could have very easily assumed the worst after Friday's implosion, and picked up today where they left off on Friday (in a selling mood). But, they didn't. I still don't have a lot of faith that the bigger bullish trend is going to be rekindled right away. Between the month of the year and the fact that stocks are overbought and overvalued, we need to tread lightly. The market still hasn't suffered a proverbial death blow though. We'll look at it in some detail below. The first thing I want to talk with you about today was letting you know those of you who are institutional-level investors in the New York City area -- which is actually quite a few of you -- may want to swing by the Lotte New York Palace Hotel, at 455 Madison Avenue, tomorrow if you're interested in learning more about Featured Stocks Vitality Biopharma (VBIO) or Staffing 360 Solutions (STAF). Both will be attending the Rodman & Renshaw Investment Conference, which not only allows its participating companies to make a presentation, but facilitates one-on-one meetings with company management and potential investors. The Staffing 360 Solutions presentation will take place at 3:50 pm EST on Tuesday. Vitality Biopharma's presentation was this afternoon, so if you weren't there, you missed it. But, I believe both companies are still taking appointments for face-to-face meetings with investors. That's something you have to arrange with each company, so I'll send you here to set it up with STAF, and here if you want to meet with the management team for VBIO. The Rodman & Renshaw Conference is a really cool concept. It's not too often you get to chat directly with the people in charge of a company, even if you're mulling a multi-million investment in that organization. On other fronts, you may have seen Sack Lunch Productions (SAKL) reported system-wide sales of $1.324 million for August. It's a strong number, though one which may need some explanation because it may not seem strong enough considering the third quarter is the company's busy season (back to school, summer wind-down, last warm-weather company outings, etc.). We learned a couple months ago Q3's revenue should be approaching the $10 million mark. But, we also know July's booked sales of $1.65 million and last month's $1.32 million don't even come close to adding up to the figure they should be. See, September is the big month of the quarter, and though it's got a lot of events on the books -- with some pre-paid ticket sales to boot -- it can't actually book that revenue until it hosts the event. The lion's share of the current quarter's events should be taking place this month. Remember, there was $2.0 million worth of deferred revenue as of the end of Q2, in June, and that didn't reflect the Q3 events booked between then and now. In some ways the monthly sales updates are a little confusing. Just know that before 2016 is done, SAKL is aiming to report a top line of $17.2 million, up about 70% from year-ago levels. Sack Lunch Productions remains one of our favorite growth stories. As far as the market goes, what a wild day, huh? As we noted above though, let's not get too excited yet. We were due for a dead-cat bounce, and we got it. When push came to shove as the major indices like the S&P 500 approached a key technical ceiling, the bulls were backing off a bit. Take a look. All the S&P 500 had to do was get within striking distance of the 50-day moving average line today to take a step back. The close was right at -- but not above -- an important line at 2160. The market doesn't have to move in a straight line up or down, you know? It's situations like this that can really mess with your head and wreak havoc with your portfolio. I'd say about 80% of the time the market makes sense, and is relatively predictable. It's the other 20% of the time, however, that can ruin the progress you've created for yourself the other 80% of the time. It's frustrating (and it wasn't this way 20 years ago), but if you're not pinpointing the market's highs and lows and using them to your advantage, you're probably losing ground even if you're a long-term investor. Market timing isn't your thing? For better or worse, you're not alone. The good news is, you have access to one of the best market-timing guys I've ever met..... John Monroe, over at the Elite Opportunity Pro newsletter. Here's what he gave EO Pro subscribers today: "Believe it or not, despite Friday's brutal selloff, the markets should be in a position now to retrace at least some of Friday's losses. However, it's what happens on the heels of a potential bounce that's going to tell us quite a bit. I've included another daily chart of the S&P 500 below, and as you can see, the index isn't all that far away from the 2,116 level, which is where I mentioned it should find itself once the markets started moving lower. I just didn't think it would happen all in a single day. The bottom line is we're looking at 2,116 on the S&P 500 as the potential pivot point, or somewhere right around there. If the markets can somehow find a base around current levels and wipe out Friday's losses, I can almost assure you these markets will move higher, and they'll do it quickly. However, should the index only retrace some of Friday's losses, and more importantly breach the 2,116 level to the downside, I don't think there's anything stopping it from find its way below [removed by editor] when it's all said and done. Sure, we may see some strength here and there along the way, specifically right around this 2,116 level, and then potentially once again around [removed by editor], but until the index breaches [removed by editor], I wouldn't be getting too overly bullish with anything." Sorry we had to redact so much of the commentary, but it wouldn't be fair to give away what Elite Opportunity members should have to themselves. You get the gist though. John's got some very specific levels in mind about what could make or break the market, and send it to the next support or resistance level. Some of them are based on the Fibonacci lines you see on his chart, and some of them aren't. If it's this kind of precision that's missing from your trading, there's a reason the Elite Opportunity Pro is so popular, with professionals and individual traders alike. Become a member today. I'm sure you'll love it too.