The Micro Cap Opportunity

04/27/2008
The Micro Cap Opportunity 'Weekly' - Weeks of April 14th - April 18th, 2008 and April 21st - April 28th, 2008

Announcements & General Commentary:

We are doubling up this week as...yes, we know...we missed last weeks edition of the weekly. In reality, there really wasn’t much to report. Fear not loyal subs! We are on top of our positions and prepping for and doing due diligence on what could be our next pick. Stay tuned.

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
SIERRA GOLD CORPORATION (OTC: SGCP)

After the close on April 14th we released our latest ‘Featured Pick’, junior exploration and mining company, Sierra Gold Corp. Certainly qualifying as an “at the right place at the right time” type of deal, the company is developing promising gold properties in West Africa and has recently begun gold production.

Almost immediately after we released Sierra Gold as our most recent pick, the stock traded up 50% from our pick price and announced that the delivery schedule had been finalized for heavy excavation equipment to be delivered to its Pampana River Gold Concession property in Sierra Leone (that has been producing approx 1Kg. of alluvial gold per month since production began).

Unfortunately, since hitting a price of $.03 shortly after our pick at $.02, the stock has done nothing but lose ground. We think the selling has over shot the mark and the stock is due for a bounce. We are also waiting for some follow-up news on recent joint venture property development in the Sierra Leone reigon.

We are comfortable with the prospects of this play despite the price pull back of late. stay on top of this one. We think it represents an excellent speculative opportunity relative to valutaion.

Read our initial coverage on Sierra Gold Corp

OUR PICK: SGCP.PK
OUR RATING: Speculative Buy & Trade
CURRENT PRICE: $.017
PRIMARY ALERT PRICE: $.02 (15% Drawdown)
HIGH SINCE PRIMARY ALERT: $.03 (+50% Return)
SHORT-TERM TARGET: $.04 (Potential 100% Return from pick price)

Featured Pick: Recap & Outlook
RED REEF LABORATORIES INTERNATIONAL INC (OTC: RRLB)

We continue to look for news and any type of positive trading activity from RRLB.

The problem? Nothing. Nada. Silch. Zip.

But, we are in on this one, so lets give it some time to shape up. We think there is a chance it will come around...

Read our initial coverage on Red Reef Laboratories International Inc (OTC: RRLB)

OUR PICK: RRLB.PK
OUR RATING: Speculative Buy/Trade
CURRENT PRICE: $.0033
PRIMARY ALERT PRICE: $.004 (-17.5% Drawdown)
HIGH SINCE PRIMARY ALERT: $.005 (+17.1% Return)
SHORT-TERM TARGET: $.01 (Potential 128% Return from pick price)

Featured Pick: Recap & Outlook
MARINER’S CHOICE INTERNATIONAL INC (OTC: MCII)

More of the same from Mariners Choice (a/k/a more range trading). We did see some news on Friday that the company has sponsored a professional angler (fisherman). Doesn’t exactly light anyones pants on fire.

Waiting for this one to step up. Stay patient for a rebound.

Read our initial coverage on Mariner’s Choice International Inc.

OUR PICK: MCII.PK
OUR RATING: Speculative Buy/Trade
CURRENT PRICE: $.036
PRIMARY ALERT PRICE: $.07 (-48.5% Drawdown)
HIGH SINCE PRIMARY ALERT: $.082 (+17.1% Return)
SHORT-TERM TARGET: $.16 (Potential 128% Return from pick price)

Featured Pick: Recap & Outlook
SARISSA RESOURCES INC (OTC: SRSR)

We saw SRSR shares hit a high of $.034 over the past two weeks and hold much of the recent price gains, which ususally is a good sign. Sure, the stock has give SOME back but for those of you still holding shares, we wouldn’t be so quick to sell out now. We think the stock is hanging around here for a reason.
Just a little bit longer...

Read our initial coverage on Sarissa Resources, Inc

OUR PICK: SRSR.PK
OUR RATING: Speculative Buy
CURRENT PRICE: $.025
PRIMARY ALERT PRICE: $.0075 (233% Return)
SHORT-TERM TARGET: $.015 (Target Reached & Exceeded. 100% Return from Primary Alert Price)

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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