Aug 5, 2007
Editor’s note: This column is a special feature from guest blogger Suri Duddella, the best chart reader I know. Click the charts below for a bigger picture. As noted previously, I own CHCG.OB. For more of Suri’s work, visit his site and order his book.
MicrocapView by Suri Duddella, the author of “Trade Chart Patterns Like The Pros” at http://www.suriNotes.com
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Jul 29, 2007
Editor’s note: This column is a special feature from guest blogger Suri Duddella, the best chart reader I know. Click the charts below for a bigger picture. As noted previously, I own CXTI.OB and GSS. For more of Suri’s work, visit his site and order his book.
MicrocapView by Suri Duddella, the author of “Trade Chart Patterns Like The Pros” at http://www.suriNotes.com
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Jul 13, 2007
A few quick weekend thoughts and notes:
- The Russell Microcap Index: IWC looks like it is going to follow the larger indexes to record highs. Barring any major catastrophes over the weekend, the breakout could happen as early as Monday.
- Air Industries: GLDS.OB announced that it received orders totaling $4.1 million from Goodrich Aerospace Canada Ltd, a division of Goodrich Corporation, for parts to be used in Airbus A-380 landing gears. The orders are part of a long term agreement announced earlier in the year. I see the announcement as an incremental positive, an early sign of success for the company’s attempt to diversify into commercial aircraft parts.
- Heads up…Western Goldfields: WGDFF.OB has changed its ticker symbol.
- China 3C Group: CHCG.OB marched to new highs this week. I bought shares just under $7.50. As several readers point out, shares have already moved substantially. I couldn’t agree more, but if the company’s growth projections are anywhere near accurate, we could still be early in this trend.
- When I see a large move up in my portfolios, as I did this week, my first inclination is to take profits even if my sell targets have not been hit. The better tactic is to go the opposite direction. I did just that, selling my two weakest positions in AHOM.OB and NMKT.OB.
DISCLOSURE: Long GLDS.OB, WGDFF.OB, CHCG.OB. No position in AHOM.OB and NMKT.OB.
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Jun 22, 2007
The annual reconstitution of the Russell Microcap Index happens today, after the bell. Here are the preliminary additions and deletions:
Russell Microcap Additions as of June 15, 2007
| Company |
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Symbol |
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Company |
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Symbol |
Russell Microcap Deletions as of June 15, 2007
| Company |
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Symbol |
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Company |
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Symbol |
A few studies, including one contained in James Altucher’s How to Trade Like a Hedge Fund, suggest that index deletions perform better than index additions over the short term. I have yet to see any test applying these strategies to the Russell Microcap Index though, and am reluctant to assume it will perform similarly because it is new and not widely followed.
DISCLOSURE: I am long UXG. I have no position in the other stocks mentioned. Not a recommendation to buy or sell any security. For informational and educational purposes only.
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