03/16/2008
The Micro Cap Opportunity 'Weekly' - Week of March 10th - March 14th, 2008
The Micro Cap Opportunity ‘Weekly’
Week of March 10th - March 14th, 2008
Announcements & General Commentary: We will be announcing a new pick this week. Will it be early in the week? Will it be late? Stay tuned to find out!
IMPORTANT REMINDER - Make sure that info@microcapopportunity.com has been added to your inbox or address book so you don't miss any of the action!
Featured Pick: Recap & Outlook
MARINER’S CHOICE INTERNATIONAL INC (OTC: MCII)
Wouldn’t you know it? We damn near top ticked MCII when we picked it at $.07. IN fairness, it did trade as high as $.082 after our pick, but quickly retreated last week - trading down most of the week until the stock bottomed on Thursday at $.04 and closed the week’s trading at $.05.
If there is a silver lining - and there is - part of it had to do with the fact that the company released some news about increased orders from a co-op of marine parts and supplies distributors. In particular, it seemed as if two of the co-op members were responsible for most of the order action, but re-orders (and re-orders of increased size) are good no matter which way you look at it.
Go figure, if you were lucky enough - and a bit ballsy - and picked up stock at last week’s $.04 low, then you got this sucker at roughly a $2.5 Million market cap - almost half of what we paid for it. Congratulations to you! If not, tomorrow is another day.
It’s still early yet, folks, so lets see this thing play out. Volume is beginning to pick up. Sticking with our $.16 target.
Read our initial coverage on Mariner’s Choice International Inc.
OUR PICK: MCII.PK OUR RATING: Speculative Buy/Trade CURRENT PRICE: $.05 PRIMARY ALERT PRICE: $.07 (28% Drawdown) SHORT-TERM TARGET: $.16 (Potential 128% Return from Primary Alert Price)
Featured Pick: Recap & Outlook
SARISSA RESOURCES INC (OTC: SRSR) You simply gotta love how this stock is acting in the absence of news. Hell, we haven’t had a press release from the Company since Feb 20th and this thing continues to chug along and make runs to test resistance at $.01 and higher. Sure, recently it gets knocked down, but its the ability of SRSR to recover - and recover quickly - that has us liking this one in a BIG way.
Look at a daily chart of the stock. A pronounced symmetrical triangle is has been in the works now for a while (resulting breakouts from symmetrical triangles tend to be in the direction of the longer-term trend...which we see as being higher) and we just think its a matter of time. Any kind of big news is liable to send this one on the proverbial “upside ride” and turn the resistance at $.01 into a technical support level.
Almost there we thinks....
Read our initial coverage on Sarissa Resources, Inc OUR PICK: SRSR.PK OUR RATING: Speculative Buy CURRENT PRICE: $.095 PRIMARY ALERT PRICE: $.0075 (21% Return) SHORT-TERM TARGET: $.015 (Potential 100% Return from Primary Alert Price) LONG-TERM TARGET: ?????
Featured Pick: Recap & Outlook
RED BRANCH TECHNOLOGIES INC (OTC: RBTI) All quiet on the RBTI front...
Week 2 of “the leveling” has us believing that there is hope. Sure there was some selling at $.09, but there was someone with an appetite looking to buy whatever they could. We even noticed some smaller (a/k/a not meaningful) prints at $.11 and $.12. The important thing is that a new base is being formed. With 5 and 10-Day Moving Averages in line with the current price, we are waiting for the 20-Day MA to catch up (which it is close to doing). Once it does, to us it will signal that traders have officially hit “the reset button” and RBTI - with a little help from the company with news - could shortly set-up for ‘move 2.0’ all the way back up to $.40+. Needless to say that would be a 400% win, which would help alleviate some of the pain we took hanging on as the stock slid after being up big initially.
At this point, its tough to decide what to do, but we feel a whole lot better about the average down play now that some time has gone by. For the risk friendly, a bid between $.09 and $.095 might get you filled - a market cap of less than $10 Million FYI.
Remember, its a thin one. It went up on several hundred thousand shares in buying and came down on the same. It stands to reason that it can make a similar run to the upside once again, so stay patient and stay tuned.
Read our initial coverage on Red Branch Technologies OUR PICK: RBTI.PK OUR RATING: Accumulate & Trade CURRENT PRICE: $.11 PRIMARY ALERT PRICE: $.25 (56% Drawdown) SHORT-TERM TARGET: $.60 (Not Reached)
SECONDARY ALERT PRICE: $.15 (26% Drawdown) SECONDARY ALERT TARGET: $.45 (200% Potential Return)
LONG-TERM TARGET: $.60+ (Potential 140%+ Return) Featured Pick: Recap & Outlook
REELTIME RENTALS INC (OTC: RLTR) Thank goodness RLTR caught a nice bid on Friday because the stock was testing recent lows and setting some new ones...and for a few moments in there looked like it would continue to head south.
Sure they did come out with some news this past week, but nothing blockbuster - a marketing agreement with a sports marketing company (WHY?) and a content provider with content focused on the Latino market (okay, THAT we understand), but this play seems dead to us for the time being.
As such we are going to pull ongoing coverage for RLTR until it decides (through its actions) to warrant a bit more of our attention.
Read our initial coverage on Reeltime Rentals OUR PICK: RLTR.PK OUR RATING: Accumulate & Trade CURRENT PRICE: $.035 PRIMARY ALERT PRICE: $.055 (36% Drawdown) HIGH SINCE PRIMARY ALERT: $.08 (+45.4% Return) SHORT-TERM TARGET: $.14 (Potential 154% Return) As always, do your due diligence (its a journey, not a destination), be smart when you trade these stocks, operate within your limits and
LETS MAKE SOME MONEY!
Warm Wishes & Happy Trading,
~MCO Staff
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