News Details – Smallcapnetwork
Is a Repeat of the April-2010 Correction in the Works?
/

February 2, 2024

/

PDT

If It Seems Eerily Familiar... Feel like you're a yo-yo, being whipped around by this crazy market? Join the club. We've got a couple of commentaries below that should help keep it all in a healthy perspective, beginning with this one. (The other one is in the community section of this update.) It's earnings season, and so far, so good ....for at least a couple of sectors. Of course, stocks may or may not respond indicatively of earnings in the near-term. Still, it's good information to know. Here's what's moving and apt to be trade-worthy today (and how you should actually handle it).   Important Updates From the Community It would still be much cooler if they dressed like pirates and their boats had cannons and big sails. But, these seafarers are still doing a pretty good job of getting and moving the loot.... legally. Arrrgh. John U. chimes in as well with a closer look at DryShips (DRYS), and a bearish view of Safe Bulkers (SB). Picks of the litter from the REIT world. It can't be said enough.... there's more money to be made in the obscure - almost unrecognized - industries than there is to be made in high-profile arenas like, say consumer technology. A few select lumber and wood stocks are lighting it up in a business that's about as low tech as it gets. Boring is beautiful. This industry was still on life support just a few months ago after slipping into a coma halfway through the recession. Now it's knocking them out of the park like it's swinging at slow-pitch softballs. Yet, there's still so much room to recover. Big banks are bad, small banks are good. Stocks, gold, and the dollar - oh my! Chris Vermeulen puts all of them under a microscope, and comes to bullish (even if conditional) conclusions. Mostly though, stocks and gold are at the mercy of the dollar.... which may actually be getting a little too weak to expect more of the same. The charts alone are worth a few moments of your time. It's easy to get excited about a stock that's on the move and just dive in without taking a bigger-picture look. Far too often though, these 'obvious' breakout efforts just go nowhere, making you a chump. Here are three charts that fit the bill.... BSD Medical Corporation, Cinedigm Digital Cinema, and Viropro. If instead you're looking for some new long/bullish ideas..... ...... look at these. What a surprise - two of these three upgrades came well after the big runup, basically defeating the purpose. Gotta' love analysts' timing. Still, two of the three (not the same two that are already well up) look like they could rekindle a rally and dole out a little more upside.   We Value Your Feedback Got comments, questions or suggestions? We want to hear from you. Send us your feedback. If you wish to send a written request or inquiry, please send it to our physical address: SmallCap Network 4364 Bonita Rd. #451 Bonita, CA 91902   Share the SCN Newsletter If you find the Small Cap Network Newsletter informative and profitable, please forward our newsletter alert service to like-minded friends and associates who share similar market interests.   Ensure Newsletter Delivery 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! For web based email addresses, the Small Cap Network recommends @yahoo.com or @aol.com for timely and reliable email newsletter delivery.   Change Your Subscription Settings