MicroStockProfit » Small Cap

SAY Hey! for Satyam Computer Services (SAY)

Editor — Thu, 01 Apr 2010 20:01:01 +0000

Apologies to Willie Mays for using his nickname…..

Mahindra Satyam (formerly Satyam Computer Services Ltd.) (SAY) is still picking up the pieces from its humongous accounting scandals. Law suits are flying all over the place and SAY is dealing with a great deal of uncertainty: global downturn in IT spending, repercussions from their scandal and strong competition.

From a chart standpoint, they may be ready for a bounce. It will be interesting to see if they can hold this support level. They dipped below it on an intraday basis and rallied strongly. Any good news and they could run. The stock has been trading for the last 6 months in a wide band between $4.40 and $6.50.

SAY could be a great radar stock.

Trade like you mean it!

Jeffrey Dean, Editor

P.S. I personally like them because I am a HUGE soccer fan and they are the official IT Services provider for the 2010 FIFA World Cup! Maybe if I do a really positive blog on them they will give me tickets to the Cup. I saw the 1994 World Cup final between Italy and Brazil. I’d like to see another one.

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Time to take a look at Netlist (NLST)?

Editor — Tue, 30 Mar 2010 13:10:02 +0000

Netlist, Inc. (NLST) was one of the great stock success stories of 2009. The stock limped along at around 60 cents for much of 2009, but then caught fire and zoomed to $8.00 per share in the magical month of November. With the news of the impending release of their “game-changing” memory module, they took the market by storm. The product allows the server to believe it has more main memory than it is supposed to and is expected to put them in direct competition with Cisco (CSCO) and with a competitive advantage.

Since its almost 900% gain in November, things have been pretty quiet for NLST. In fact, the overall trend of the stock has been down. The company itself is still strong. NLST is still posting losses, but the gap is narrowing. Its balance sheet shows a great deal of cash, no debt and strong liquidity ratios.

The chart is where I want to focus your attention on.

Since I am a short-term trader, I don’t expect to be around in this stock very long. Short-term, it might be setting itself up for a bounce. There are a great number of people that are trapped in it at higher prices who will be selling into any strength. That is why (absent any news) any rally will be short-lived IMO.

Have fun and trade well,

Jeffrey Dean, Editor

Stock Scan for Thursday – IsoRay, Inc. (ISR)

Editor — Thu, 04 Mar 2010 14:37:56 +0000

Here is a little info on IsoRay, Inc. (ISR) from their site:

IsoRay, Inc. engages in the development, manufacture, and sale of isotope-based medical products and devices for the treatment of cancer and other malignant diseases in the United States and internationally.

I like the chart setup….It looks like it may have a short term bounce in it.

** Consolidating at current levels

** Support at $1.00

** Stochastics are entering oversold status

** MACD is still bullish with no trend

A quick glance

A quick glance at the financials and I was impressed. The company has revenues (but still posting losses). It has a clean balance sheet with cash and no debt. I think the downside is low with this one.

Good luck and good trading,

Jeffrey Dean

Stock Scan for the Day: GLUU

Editor — Tue, 02 Mar 2010 16:34:55 +0000

I was doing my scans this morning and came across GLU Mobile, Inc. (GLUU).

Simple company to understand: Glu Mobile Inc. designs, markets, and sells games for mobile phones worldwide.

Here is a few places for your DD: Yahoo! Finance and company site

The Chart

** Indicators are turning positive finally
** MACD bearish momentum is finally slowing and could reverse
** Volume has slowed and selling pressure appears to be easing
** Stochastics are oversold. If MACD continues to strengthen, a bounce could be possible

Do your own DD, but I like this chart for future gains. Co. outlook has gotten it hammered, but the company is still bullish on its prospects.

Jeffrey Dean

Editor

Sometimes, it’s all about the chart: AMKR

Editor — Tue, 03 Nov 2009 13:50:47 +0000

I’m not sure why AMKR has dropped so far, so fast. It appears, on its face, that the company is doing the right things and the news has been mostly good. Doesn’t matter…persistent selling has knocked off 50% of the company stock price since its most recent high.

Here is the chart, so you can see what I am talking about:

It is a large company (definitely not a penny stock) that is involved in the semiconductor business and has had some “choppy” financial results lately. What I mean by that is that it has posted both losses and profits on different quarters in 2009. The balance sheet is reasonably strong….good cash and liquidity ratios although debt is high (over $1.5 Billion). Nothing to worry about there.

Why the drop? I took a quick peek and couldn’t find anything. I will do further research later, but for now I wanted to bring this company to my readers attention. I think that it has a very attractive chart, is sitting on or near strong support, it is in an industry (semiconductors) that seems to be getting “off the mat” and has the financial strength to weather this financial storm we are in.

It did bounce off support yesterday….I would suggest watching to see if it re-touches support or continues its bounce.

Enjoy your day in the market!

Pure Chart Play: JCDS

Editor — Mon, 28 Sep 2009 14:58:00 +0000

I have programs that send me emails of charts every day. I pick the parameters and I get dozens of charts to view. One chart that stood out for me today was one for JC Data Solutions (JCDS).

Here is the chart:

The stochastics indicate that this stock is clearly oversold. it may have farther to fall since it is in distribuion, but it clearly has some pressure to rise. A sub-penny stock, it could fall as low as $.00075 before it corrects and rises again, IMO.

This is a non-reporting pink sheet company so the risks are known. They say that they have been in business since 1996. JCDS has put out a number of press releases that seem to indicate that the company is on a positive trend. But, companies have been known to lie in press releases (shocker, huh?). They have a website that gives information about what they do: click for link. They need to put a few dollars in the website…it really doesn’t show the company off well and is very dated.

Extremely risky…..short term play….put it on your radar….good luck and good trading