News Details – Smallcapnetwork
Market Reacts on Track. Trade and Research Updates.
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February 2, 2024

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PDT

Good day to you all... Hope everyone had a fantastic weekend! Appears my call on a market wide rally was spot on Friday, however, we're not out of the woods yet. We need some follow through to launch any sort of sustainable rally. It appears the strength will continue to be tech if we can get some momentum here. I'm not one to dwell on economics so I'll just reiterate that it would surprise me tremendously if the Europeans let their current monetary policies negatively affect the markets over there. I say this only because the media pundits continue to make it the reasons the market trades every day, which just isn't true. I'm a firm believer that much of the noise surrounding stuff like this is already baked into the markets. There are just too many genius economists and big money players out there that know the outcome well in advance of your average CNBC talking head. For now, my two cents is to buy the dips and sell the rips for some quick trading profits. If you're curious what I play, when I'm interested in trading the market indexes as a whole, I prefer in the money one month or two month out calls or puts in the QQQ's, SPY's or DIA's depending on what I think the market is going to do at the time. And, I don't hold them long. Remember, options erode with time, so never hang on unless you are well in the money and your profits are running in the right direction. Trading Updates On to some other important stuff before this market closes. As suspected, Rite Aid (RAD) broke out this morning. Kudos to you if you paid attention to me Friday. Onstream Media (OSNM), however, not so great just yet. Isn't clobbering anyone but the volatility continues to suggest the stock may finally be hitting bottom. Time will tell, so tread lightly and pick your spots. My take on it would be to pick up the pullback and follow with a savvy stop you're comfortable with. Stevia (STEV) appears to be perking up once again, maybe a tradable rally in play there. Blue Earth's (BBLU) chart is really starting to look interesting. SCN Contributor, James Brumley believes BBLU is on the verge of breaking out. Errrr... I agree. Here's a read and a look. Diligence and Research CommerceTel (MFON) appears to be getting some attention finally. I firmly believe this stock is a perfect take-out candidate at some point down the road. We found an extremely interesting article on the growth of SaaS (Software-as-a-Service players) vs. legacy software providers. Very, very interesting article if you can read between the lines. SmallCap Network Contributor, Jonathan Yates, published an article on CommerceTel's management and it's impressive to say the least. Management, in my opinion, is the key to substantial returns from small stocks. Check it out if you have a minute. Speaking of management, SCN Contributor, Yates, also dug into Atheronova's (AHRO) management as well. Did you know the Company's Senior VP of drug development, Dr. Balbir Brar, was instrumental in securing the worldwide approval of six new drug applications, including Botox??!! Other drugs he brought to market include Alphagan, Lumigan, Restasis, Ofloxacin, Azelex, Avage (Retinoid), Latisse, and Viscoelastic intraocular.  He was also responsible for the regulatory submission of 50 INDs/510Ks. I think he's got the pedigree. Click here to read the article. On the Lighter Side I know, I keep bashing the Occupy Wall Streeter's, but I can't help coming across great stuff defending those of us who rely on the markets to make a living. This was also pretty well thought out, so I'll leave you on this note today, literally. It's a "We are Wall Street" flier that was dropped on Occupy protestors in Chicago. We originally saw this on Facebook. Happy Trading & Investing! Back at you soon enough...