Tuesday, September 05, 2006
Sector Spotlight: Small Caps
One thing I like to monitor is the action in small cap stocks, specifically dogs under $5.
Two reasons:
1. I usually make a ton of money playing small cap orphan's.
2. It is a great indicator of a market top. A harbinger of doom.
However, a "top" can last for quite sometime. But, if there is one thing that I have learned, while losing my hair managing OPM (other peoples money): Small cap, piece of crap stocks gapping higher on no news screams market top. Nevertheless, until we get to the "top," there is plenty of money to be made in discarded has been's.
So, are we there yet?
Short answer: No.
In the meantime, I will try to pick up some of these bow-wows, in an effort to net some easy percentage points.
Here is a short list of some small cap movers:
IMX +25%
KRY +16%
TGLO +16%
CTIB +14%
HAUP +13%
BCON +9.4%
STXN +9%
GRZ +9%
BCGI +8.7%
THLD +8.5%
LTS+ 8%
FTGX +8%
WZEN +6.7%
AIC +5.7%
CMOS +5.7%
CUP +5.5%
AMCC +5.2%
BVSN +5%
VRSO +4.4%
JAVO +4%
GTOP +4%
LEXG +4%
IFNY +3.5%
SWKS +2.6%
NOTE: All the stocks mentioned above are big time losers. Play at your own risk. Currently, I am rolling the dice on one dog, TXCC.
Two reasons:
1. I usually make a ton of money playing small cap orphan's.
2. It is a great indicator of a market top. A harbinger of doom.
However, a "top" can last for quite sometime. But, if there is one thing that I have learned, while losing my hair managing OPM (other peoples money): Small cap, piece of crap stocks gapping higher on no news screams market top. Nevertheless, until we get to the "top," there is plenty of money to be made in discarded has been's.
So, are we there yet?
Short answer: No.
In the meantime, I will try to pick up some of these bow-wows, in an effort to net some easy percentage points.
Here is a short list of some small cap movers:
IMX +25%
KRY +16%
TGLO +16%
CTIB +14%
HAUP +13%
BCON +9.4%
STXN +9%
GRZ +9%
BCGI +8.7%
THLD +8.5%
LTS+ 8%
FTGX +8%
WZEN +6.7%
AIC +5.7%
CMOS +5.7%
CUP +5.5%
AMCC +5.2%
BVSN +5%
VRSO +4.4%
JAVO +4%
GTOP +4%
LEXG +4%
IFNY +3.5%
SWKS +2.6%
NOTE: All the stocks mentioned above are big time losers. Play at your own risk. Currently, I am rolling the dice on one dog, TXCC.
Comments:
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I've noticed that correlation between the small caps too (u can add NVEC and GROW to the list). Another thing that tells me not to buy is that I feel so excited to buy. Even though I'm long term bullish, I think there's a better entry point some time next week. We're starting to get deeper into overbought territory. Anyway, we'll see if disciplined investing performs better than the "herd."
I'd be interested in why you think KRY is a "big time loser." I know Cramer pumped it, but Bill Cara, who seems to know a fair amount about the miners, also recommended it. No position, just asking.
# posted by 
: 6:42 PM
: 6:42 PM
Cathie--
Please pardon my strong tone-- exclaiming all of the stock mentioned as being "big time losers."
Generally, when stocks are under $5, I consider it a loser. It doesn't matter how good the story is-- if its sub 5; I will rip to to shreds.
However, that doesn't stop me from buying them.
It gets more complicated the more I try to explain why I am a rash individual.
In short: I wish all KRY shareholders well, but I think the companies stinks like a Bejing garbage dump.
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Please pardon my strong tone-- exclaiming all of the stock mentioned as being "big time losers."
Generally, when stocks are under $5, I consider it a loser. It doesn't matter how good the story is-- if its sub 5; I will rip to to shreds.
However, that doesn't stop me from buying them.
It gets more complicated the more I try to explain why I am a rash individual.
In short: I wish all KRY shareholders well, but I think the companies stinks like a Bejing garbage dump.
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