Archive for April, 2007

Littlefield Corp. (LTFD.OB) Q1 earnings: first impression

New visitor? Consider subscribing by RSS or by email.Littlefield Corp. (LTFD.OB), my favorite aging baby boomer play, posted first quarter earnings after the bell today.
Littlefield earned $.033/share on record revenues of $3.489M. Revenues for the entertainment (bingo) unit grew 7% while hospitality (catering) grew 63% year-over-year. [...]

Do trading systems work for microcaps?

During a flight last week I voraciously read Curtis Faith’s excellent book Way of the Turtle. For those not familiar with his story, Faith was the star pupil of the legendary class of traders that Richard Dennis and Bill Eckhardt trained to answer a bet regarding whether traders can be “raised” like the turtles [...]

Gales Industries (GLDS.OB) breakout needs to be confirmed by volume

Many readers have asked whether the past few days’ price action in Gales Industries (GLDS.OB) constitutes the breakout I was looking for.
The short answer is no, at least not yet. The price has certainly moved above the 2-month consolidation range, unquestionably a positive development. However, the price movement has not been confirmed by [...]

Took profits on Bronco Drilling (BRNC)

On January 12, after picking up shares at $13.72, I stated that Bronco Drilling (BRNC)  should hit $16.50 on a bounce and perhaps up to $20 with a strong recovery in natural gas. Since then, we got the bounce in the stock, and some lift in the underlying commodity.
That said, natural gas is nowhere [...]