Dow Jones 13984.80 -108.28 6:04 am PDT, October 16, 2007 NASDAQ 2780.05 +0.00 For info, visit access.smallcapnetwork.com S & P 500 1548.71 +0.00 Change your subscription status here Russell 2000 829.36 +0.00 VOLUME 07 : ISSUE 98 Stockgroup Sets Date, Titan Settles With AT&T  In This Edition... 1) Stockgroup Sets Date 2) MIVT Does It 3) AT&T Settles With Titan Global  4) Another Bearish Outside Day? Not a bad start for Applied DNA (OTCBB: APDN), huh? Up 29.1% on the highest volume day in over a year.  What I like best is how well-paced the rally was. I was pretty worried about a wildly strong open, which often sets up nothing but profit-taking later in the day...a tough thing to overcome. In yesterday's case though, there was a moderate gap at the open, a mild dip, and then a rebound that carried the stock on to higher highs. In other words it was healthy.  Anyway, it's an encouraging start. I'm particularly happy that anybody who didn't get in yesterday but still wants in can get a pretty decent entry level.  In the meantime, we've got a lot of news and thoughts to get through today.    Stockgroup Sets Date Here's a heads-up on an earnings announcement near and dear to most of our readers...Stockgroup Information Systems Inc. (OTCBB: SWEB) is going to release their Q3 numbers on November 14th, at 3:00 PM EST. As usual, there will be a conference call and a webcast shortly after the release - at 4:05 PM EST. If you want to participate (i.e. ask a question), the dial-in number for the call is 1-866-400-3310. Be sure to call a few minutes before the call begins.  If instead you're content to watch and listen, the webcast can be accessed by going to stockgroup.com. Be sure to have Windows Media Player installed on your computer.    MIVT Does It MIV Therapeutics (OTCBB: MIVT) shares have been dancing with the possibility for a while, as we first pointed out in a blog entry from September 27th. As of Monday though, MIVT actually took a big step. What we're talking about is a snap of a downtrend, and possibly starting an uptrend. We were using the 48 cent level as the line in the sand. Where'd we get 48 cents? It's where the 38.2% retracement line is/was. Only a move above that mark would be significant enough to merit more attention.  With MIVT closing at 57 cents on Monday, needless to say, this stock has our attention. This isn't to say it's the dawn of a new bullish era here. We've seen similar moves from MIVT before (and not too long ago) to no avail. So, we're still cautious here. We just want to keep this one in our back pocket. The irony here is how MIVT breezed right past the 38.2% level, and was finally stropped at the 61.8% retracement mark. So, the 58 cent line is on our radar now as well.  By the way, MIV announced their last quarter's numbers yesterday. They weren't stellar, but they were enough to inspire the rally.  You might recall MIV was excited a few weeks ago because the acquisition of BioSync earlier in the year meant the company would be able to generate its first-ever revenue. So, any top line at all last quarter shouldn't be a surprise. Nevertheless, the first sales ever made by MIV Therapeutics were rewarded by investors...and rightfully so. That's a big milestone, as it makes the company 'real'.  In the grand scheme of things it's not the big attraction to MIVT - at least not in my eyes. The company's proprietary stent coating is hoped to be the big seller once it gets through all the proper trials. The BioSync products being sold right now are just the 'meantime' revenue drivers. All the same, money is money, and MIV Therapeutics is making some now.    Titan Global Settles With AT&T  We finally got the much-anticipated resolution of the dispute between our small cap company pick Titan Global (OTCBB: TTGL) and mega-telecom provider AT&T (NYSE: T). The $60 million in universal service fees (USFs) being disputed wound up being settled with $7.2 million.  I think getting this behind them is worth any dollar amount. The whole thing was supposed to be finalized by July, and I'm sure dragging it on was not only costly, but a distraction.  The dollar amount? I know it's nowhere near $60 million. On the other hand, I don't know that Titan ever actually expected the whole $60 million. I believe they high-balled the amount, expecting to get a good fraction of a larger number than a fraction of a smaller number. As they say though, possession is 9/10 of the law. Once AT&T possessed the dollars, it was going to be tough to get any out of their hands. Getting $7 million at all is impressive.  Besides, this thing could have cost millions more to keep pursuing. Though it stinks, a large cap company like AT&T can afford to keep an army of lawyers working on the arbitration (it wasn't handled in court, but through an arbitrator). As a small cap company, it probably just didn't make financial sense for Titan Global to keep fighting.  In any case, the market seems to be ok with the news. Shares were up Friday, and we saw some follow-through on Monday. Remember, we pegged $2.20 as the potential breakout point. TTGL is at $2.10 as of right now.    Another Bearish Outside Day? On Friday we detailed exactly what a bearish engulfment/outside day was, using the S&P 500 as an example. In simplest terms, we learned an outside day was an opening level above the prior day's high, and a close under the low of the prior day's high. More importantly, such a pattern had bearish implications for the overall market. If Monday's action seemed to ring a bell, it might be because it was also a bearish outside day...an engulfing one no less.  I might be able to let one slide, but two in three trading days? I can't ignore that. The market has been over-extended for a while, and I have to think we're due. Having seen the market's hair-trigger selling twice now makes me want to start thinking somewhat defensively.  That said, don't think for a minute I won't be using a pullback as a buying opportunity for longer-term trades. If a dip now is anything like recent ones, a 5% to 10% deflation in prices would leave behind some incredible values. Be sure to check the blog often on the matter...I'll probably post more there than in the newsletter.      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 Clearly Canadian Turn-Around? The CEO's Letter Says So, But I'm Not Sure I Agree If you're wondering what got into small cap stock Clearly Canadian (OTCBB: CCBEF) on Monday when it gained 12.2%, we can tell you - CEO Brent Lokash sent a letter to their shareholders updating them on the company's 2007 progress. All well and good, but maybe too little/too late at this point. Monday's 17 cent rebound doesn't even come close to recouping the $1.29 (-47.1%) lost over the last two months.  Ultimately I attribute the selloff to one of two (possibly-related) things. The first one is just a lack of results. The company has been on an expansion rampage, and should at least be reporting strong top lines. Have they been? That's the second problem...how would anybody know? They've not communicated much of anything substantial - good or bad - in weeks, except for a $9.3 million private placement on September 26th. Their quarterly numbers were posted in late August without even a press release. The numbers were up, but only due to acquisitions. Take those out, and you actually have a pretty good-sized dip in sales of beverages.  I used to like this company...I really did. But, this is the second time I've seen them drop the ball in the communications department. Some small and micro cap companies can afford to do that, but CCBEF isn't one of them.  They've put a lot of other people's money on the line with some aggressive acquisitions. Granted, they were all high-quality acquisitions, but I don't sense any real growth yet. Quite the opposite actually. I think the market is getting a little impatient, and I can't say I blame them.  It's a few weeks until their earnings announcement. Maybe that will redeem them. At this point though, I don't think any small cap stock speculator has, or wants to have, a trading position here. The company has talked theory and philosophy and strategy, but nothing in the way of numbers. I kind of hope I'm wrong, but I'm afraid I'm not.  Subscribe Information is power and timely information is profitable. Become informed and profit from Small Cap Network Profiles and Trading Alerts by becoming a Preferred Member today. There is no cost associated with your email subscription. Add your email address below and make sure to check your email inbox and confirm your opt-in request to start receiving the Small Cap Network Email Newsletter on a regular basis. 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! 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