After a handful of positive sessions on Wall street and a return to ease and calmness
and rational interpretation of economic data recently, todays jobs report, or lack of jobs
report, once again brought gloom and doom back into the spotlight. Any Wall street
insider would tell you that the weak jobs report was already well priced into the market,
and that it was the European debt crisis to blame for the 250 point DOW decline today.
Considering this along with the fact that the economy actually added 45,000 jobs if we
reconcile the Verizon strike, we can see that nothing has changed fundamentally for the
last six months, slow and steady growth continues. Also, it's hard to imagine that the 5, 6
and 700 point drops in the DOW as well as a debt hostage showdown had nothing to do
with the lack of hiring confidence in the month of August.
Regardless of the nuance, we need to continue with a defensive stance, as the
possibility of recession does loom and even if it occurs by means of a self-fulfilling
prophecy, it will still be just as bad for business. In order to maintain our defensive
stance and possibly strengthen it, we are doing two things. First of all, we will be
keeping our somewhat low stop losses in place, but will not be lowering them any
further. Also, having seen our profitable stop loss in NENE breached, we are taking the
windfall profits from that trade and are adding them to our 'cash' position, so we will sit
the week out with only eight current positions.
FEED(NASDAQ)
Buy: $1.05
Sell: $2.50
Stop Loss: $0.60
Date Added: 8/8/2011
Condition Updates:
No Changes This Week
Comments: FEED took a little bit of a hit earlier in the week when reports of a potential
shareholder lawsuit hit the wires. All in all, the stock continues to hold up well and has
found a pretty solid bottom. The private investigations are just that, private, and are pretty
standard fare when a company comes out with horrible results and tanks by 40%. The
only real mystery here is whether or not the law firms bringing said investigations are
actually acting in the interest of shareholders.
GLUU(NASDAQ)
Buy: $5.25
Sell: $8.95
Stop Loss: $2.25
Date Added: 7/12/2011
Condition Updates:
No Changes This Week
Comments: GLUU has seen a bit of a bounce off its lows recently and has pretty much
been trading along with the markets. Should the mobile gaming industry continue to
heat up, GLUU could see some major upward pressure as the acquisition drum
continues to beat louder and louder. There was no news or developments for GLUU this
week.
DENN(NASDAQ)
Buy: $4.00
Sell: $8.00
Stop Loss: $2.85
Date Added: 3/17/2011
Condition Updates:
No Changes This Week
Comments: No news for Denny's this week as well, but we did see some new menu
items hitting the airwaves. The stock has seem some increased volatility recently but still
holds up well, and remains closer to it's fifty two week high that most peers.
PLXT(NASDAQ)
Buy: $3.85
Sell: $6.00
Stop Loss: $2.45
Date Added: 7/6/2010
Condition Updates:
No Changes This Week
Comments: PLXT continues to trend with the NASDAQ and it seems to be seeing some
major volume increases and upward momentum every time it dips below $3.00.
LVLT(NASDAQ)
Buy: $2.50
Sell: $3.95
Stop Loss: $1.35
Date Added: 7/11/2011
Condition Updates:
No Changes This Week
Comments: Heavy activity continues for Level 3 as does some pretty positive
commentary coming out of the blog-o-sphere. The company announced a couple of
contract extensions but nothing major this week. Valuations have come down a bit from
two months ago when the stock found it's fifty two week high and many are calling a
bottom.
ETAK(OTCBB)
Buy: $3.00
Sell: $6.50
Stop Loss: $2.05
Date Added: 8/8/2011
Condition Updates:
No Changes This Week
Comments: On the heals of a decent quarterly report, ETAK has not seen any
developments since August 23 when they announced the signing of an agreement with
Your Card B.V., a Mobile Virtual Network Operator (MVNO) serving the Dutch market. The
stock continues to hold up quite well and was a rare gainer today.
AUGT(OTC BB)
Buy: $3.50
Sell: $7.25
Stop Loss: $2.05
Date Added: 8/1/2011
Condition Updates:
No Changes This Week
Comments: This week, AUGT announced that it has completed the acquisition of
substantially all of the assets and the business of Hipcricket, Inc., ("Hipcricket"), a mobile
marketing and advertising company headquartered near Seattle, Washington. "We
believe that the acquisition of Hipcricket will allow Augme to provide the most powerful
best-of-breed mobile marketing and advertising solutions to global brand name leaders,
backed by strong intellectual property portfolios that include patented technology and
software-as-a-service ('SaaS') technology platforms," noted Paul Arena, Chief Executive
Officer of Augme Technologies, Inc. "Additionally, Hipcricket's revenues for the twelve
months ended July 31, 2011 approximated $9.4 million on which it earned a 67% gross
profit margin."
IWEB(OTCBB)
Buy: $0.20
Sell: $0.50
Stop Loss: $0.12
Date Added: 2/7/2011
Condition Updates:
No Changes This Week
Comments: IWEB has seen a little bit of volatility and slightly increased trading activity
over the past week. On Wednesday the company announced that the entire IceWEB
product line of Unified Storage Platforms now ship with Hybrid Array technology which
effectively adds substantial speed.