To OTC Journal Members: 

We've certainly been shaking the Christmas tree of profits over the last two weeks, and I'm scouring the universe of small stocks to find more trading ideas to keep your stocking full. Here's a quick recap.
 

Field Point (AMEX: FPP): Trading Past My Best Case Scenario

Here's an undisputed fact- I brought you FPP on November 18th at $3.25- Today is December 2nd- that's 10 trading days to the present. As I write today's recap, FPP is now trading at $4.70- that's 44.6% return on your invested capital in 10 trading days. 

To be fair, I really hadn't expected the stock to trade this well in so short a time frame. I'd have been happy at $4 over 10 trading days. I'll take it. In light of the technical strength in this stock, I would now expect FPP to perhaps reach the $6 to $7 mark by the time their behemoth partner- Cimarex (NYSE: XEC) start drilling the Bone Spring formation.

That's right- their drilling partner is Cimarex- $1.5 billion in annual revenues. I inadvertently stated their drilling partner was Concho Resources (NYSE: CXO)- CXO is actually 1/2 the size of XEC, so all the better.

I suspect this stock can continue to trade well up until the time the drilling results are announced. If there hasn't been a major correction, there will be on the news regardless of the data. CEO Ray Reeves informs me he would expect drilling to start either later this month or sometime in January. 

A positive result could double the size of the company overnight. 
 
 
 

Solar Park Initiatives (OTC BB: SOPV): I'll Take It

This one will go down in the OTC Journal goof ball hall of fame as one of the best accidents of all time. I goofed up, but no harm, no foul. SOPV was Monday morning's idea at the open- opening trade on Monday morning- $.37.

As I prepare today's edition, the stock is trading at $.44 - that's 20% in 3 trading days!!! Volume is surging big time today.

Here's one of my best gaffe's of all time. SOPV is Solar Park Initiatives. There's also a pub co named Solar Energy Initiatives. In the SEC filings, their names come up under the same search thanks to the "Initiatives" in both names.

The numbers I provided were for Solar Energy Initiatives who achieved about $4 million in the last FY. SOPV is a development stage company- code for zero revenue at this time. They did announce a major project in Canada this week.

If this concerns you, it would probably be a good idea to notch your 20% and head for the hills. Hardly the end of the world.

It's a bit like writing down a lottery number, then buying a ticket with the wrong numbers. If the ticket wins, are you going to cash it in? I think so. Like I said- a Hall of Fame goof up.

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