News Details – Smallcapnetwork
Mark Your Calendar - New Profile on Monday
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February 2, 2024

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PDT

Dow Jones 12361.32 +261.66 1:25 pm PDT, March 22, 2008 NASDAQ 2258.11 +48.15 For info, visit access.smallcapnetwork.com S & P 500 1329.51 +31.09 Change your subscription status here Russell 2000 681.42 +17.29 VOLUME 08 : ISSUE 28 The Date's Been Set Hope everyone is enjoying their long weekend. I know I'm happy to have an extra day off from the market. On the other hand, clearly I felt something was important enough to take a short break from my break, and take care of a little business. What's the news? Just a notice to look for Monday's newsletter shortly after the market closes. We've got a new company profile coming out then.  And when I say profile, I mean just that.  We're going to try something a little but different with this company. Where we'd usually just come out and pound the table on a stock (which is just an extension of our excitement), all we're going to do this time around is introduce you to the company and put it on our watchlist for possible action in the future.  The goal is to let you get to know this company - and I mean really get to know it - before you rush into a decision. You'll be able to do your own digging, and ask questions.  This will also give the company some time to 'prove' itself to us - and everyone else. See, this organization is well past its infancy, but on the verge of its next evolution ....a big one. We already like the company quite a bit, and once it starts getting some traction on its next era, we suspect the right catalysts will fall into place and propel the stock upward. So, when the time is right, we'll start leaning on the bullish side of the fence with this name. After all, timing is still about half the battle.  Anyway, look for it on Monday. In the meantime...    Catching Up With the extra day of downtime - and following a wild ride last week for stocks - we're finally getting a chance to squeeze in some needed updates on a couple of our stocks.  Remember our Tenet Healthcare (NYSE: THC) suggestion from early November? When we looked at the chart on February 25th, we were concerned about its inability to trade above the $4.30 level. On the 26th, we were thrilled to see the open at $4.75.  Since then, THC looks like it's gone through a consolidation phase and is revving its engines again. Thursday's close of $5.24 was the highest close of the year, and almost the highest high (we saw $5.35 back on Feb. 27th).  Our concern from the 26th of last month was the gap...the market doesn't like empty spaces, and we were worried the sellers might drive this one back down the 25th's high to close the gap. At this point though, we're seeing too much support and upside pressure to maintain that pessimistic assumption.  Instead, our original target level of $7.67 is back on the radar.  As for a stop level, the original mark of $3.17 seems a little inappropriate now. We don't want to change it yet until we confirm there's enough support here, but there are several key moving averages around $4.64. If the bears take one more shot and still don't kill the uptrend, then we'll talk about raising the stop to where those moving averages have become entwined.  I've said at already but I think it bears repeating ...Smart Energy Solutions (OTCBB: SMGY) just won't go away, and I like that.  Back on the 8th of this month we looked at how SMGY's long downtrend was finally starting to crumble; a resistance line was breached, and the 50 day moving average wasn't quite as strong of a ceiling anymore. The stock was at 24 cents the day before that edition...much better than the low of 17 cents from mid-February,  Since then, the progress has continued. We saw a close of 26 cents on Thursday, and a high of 28 cents on Wednesday. I wouldn't classify that as a win as big as San Diego beating UConn, but the past four weeks have been the best four weeks for SMGY in a long while. Why?  The curious part - there really hasn't been any news to spark this newly-found strength...at least none we've heard yet. I have to wonder though....  All of you have seen it as often as I have - a stock headed higher for no apparent reason. Then, anywhere from a few days to a few weeks later, the gain makes sense when some big news is released. I don't know if that's what's going on here, but like I said, I have to wonder of there's more to it than we're seeing right now.  Or, maybe more of the right investors are 'putting it all together' after viewing the investor presentation posted on the company's website. Where they are now versus where they think they'll be three years from now is like a night-and-day picture. More importantly, the aggressive projections seem plausible.  Anyway, the 50 day moving average line has broken down as resistance, and the 20 day average line may be acting like support.  See you Monday. Enjoy the rest of the weekend.     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. 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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 has not been compensated for coverage of Tenet Healthcare Corp. TGR Group, LLC has been paid a fee of $30,000 cash and 350,000 shares of newly issued restricted stock by Smart Energy Solutions for coverage of the Company. From time to time TGR sells shares received as compensation for coverage of client companies. Shares received are sold in the open market. 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