Stocks are somewhat under siege yesterday and today following new highs across the major averages. It's all pretty normal though considering how strong the markets have been over the last few weeks. Is it a sign of things to come? Probably not, because it's going to take a heck of a lot more than just a little pullback to shake Wall Street's confidence.
Small caps in general are actually on the verge of breaking out though. Just look at this weekly chart of the Russell 2000 - the benchmark index for small caps.
For those of you who have been around the markets long enough, you know most of the time when small caps are leading the markets, there's usually a big rally looming. What's even more compelling about the entire small cap space is the Russell 2000 had been in a very long consolidation phase literally all year.
Then, following what looks to have been a bottom back about a month ago to the day, the entire small cap sector of the markets have taken off. And, we're only one good move away from new all-time highs. This should be good for the entire market, and also very good for all of you out there who like to participate in small stocks.
Speaking of small stocks, we found a very compelling endorsement on LottoGopher Holdings, Inc. (LTTGF) just yesterday that was put out by Benzinga, another fairly popular financial site out there many investors visit from time-to-time.
To give credit where credit is due, Benzinga published an interview yesterday with Kevin Harrington, original Shark on ABC's Shark Tank TV series, on what he thinks about LottoGopher Holdings, Inc. (LTTGF). Before I give you the news clip and full link to the article though, it's important to know Harrington recently joined the board of LottoGopher with the idea of helping the company drive customer acquisition.
Honestly, it still doesn't seem the investing masses have caught on to what LottoGopher Holdings, Inc. (LTTGF) is up to, because the stock continues to hover around the $.20 cent range. However, if what Harrington said in the interview ends up coming to fruition, I just don't see how the stock can stay down around these prices.
Nevertheless, Harrington's involvement is a pretty significant feather in LottoGopher's cap considering his enormously successful marketing background. Here's the clip and the full link...
Lotteries Go Online: Former 'Shark Tank' Star Kevin Harrington Talks About LottoGopher Javier Hasse, Benzinga Staff Writer September 21, 2017 12:42pm LottoGopher is a service that allows California residents to buy their MEGA Millions, SuperLotto Plus and POWERBALL tickets online... Kevin Harrington, an original shark from the hit TV show told Benzinga. "This plays into my background, which is finding customers," he explained. "This is what we are working on right now. We have dozens of things happening as we speak, and over the next 60 days, that are pretty groundbreaking." LottoGopher is only available in California; however, the company has identified 22 more states it could enter in the not so distant future. "Once we get the system tweaked and working in California, we'll be able to ramp it into the other 20+ states accordingly," Harrington said.
Keep an eye open for attractive entry points to the stock, Harrington suggested. "We are well funded so far but, at some point, we will need more capital to grow the business ... I'm an optimistic investor and I like to get involved at the right time. That's the only way to get 5x, 10x or 20x returns; you can buy the Facebook's of the world, but you are not going to get 10x on that one now." READ THE FULL ARTICLE: https://www.benzinga.com/trading-ideas/long-ideas/17/09/10046928/lotteries-go-online-former-shark-tank-star-kevin-harrington-