To OTC Journal Members:
 

There are a couple of new BLOGs up for your review- yesterday, I posted a BLOG on my current open short trade on the NDX through QID and an update on eFoodSafety (OTC BB: EFSF)- which as we all know is making new all time lows. Check the BLOG to read my current thoughts.

The BLOG is your opportunity to ask questions and offer comments. I will make an effort to answer every legitimate question. If I don't know the answer, I will contact the management and get the answer. Alternatively, if you have questions you don't want publicly displayed, you can always email me directly at editor@otcjournal.com. If you submit a comment or question, it will not appear on the site until I have responded.

To use the BLOG, simply go to the home page at www.otcjournal.com - the BLOG scrolls down from the upper right hand corner. The most current journal entries appear on the right hand side of you screen. Check back frequently for updates particularly when stocks are moving to overbought or oversold levels in volatile markets.
 
 

Short, and Staying Short- Targets

Friday got the ball rolling to the downside, and the market has been given a big shot of ugly ever since. Yesterday's little relief rally was again greeted with a pretty good sell down today. 

Here's a look at where I believe the NASDAQ large caps are going short term. I also believe there will be some terrific bargains once this corrective phase has run it's course.

We're currently at the 1940. I believe the first downside target is 1907. That could be a good level to take some profits on this short trade, and look to reload.

The second downside target if 1816. If 1907 is solidly breached, 1816 comes into play. We'll have to see. Working against us is the DOW and S&P, which I believe have already fully corrected.

My estimate is 1907 would take us to about $42 on QID, and 1815 would take us to about $44 to $45. From my $38 entry level, that's a pretty nice way to mitigate the damage on your long positions during a market correction.

In about 6 weeks we head into the best time of the year to buy stocks, so get ready. If you are long micros going into the summer doldrums, be prepared mentality to have a long term mentality, and get ready to pounce on bargains around the end of July and early August.
 

Do you remember turning 40? For me, it is unfortunately quite a distance in the rear view mirror. Spicy Pickle turned 40 after about 3 years, which I believe is pretty darn impressive. I hope the company continues to age rapidly and gracefully.

Store #40 opened this week in Denver. Not only does it mark the 40 store milestone, it also marks the opening of the 7th company owned store and the last currently in development.

This new store should add somewhere in the range of $500k to $700k in annual revenues directly to the company's top line, and provide gross profits to help move SPKL towards positive cash flow and profitability. 

Sometimes it seems like and eternity, but 40 stores opened after a mere 3 years in expansion mode is a pretty good achievement. However, there are still about another 90 to open, and the company is actively looking for real estate in about 10 different states right now.

From here, there should be a pretty steady stream of new openings throughout the course of the summer. 

As you can see from the chart, the stock continues just bumping along the bottom between $.80 and $.90. There's a little downturn associated with the recent market fallout, but sellers don't have much enthusiasm for getting out. The company is simply expanding too rapidly, and it seems like the core shareholders don't mind thinking long term.

I'm hoping and expecting lots more on this one over the summer.

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Here's today's news for your review:
 

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Go Here to view our compensation on every company we have ever covered, or visit the following web address: http://www.otcjournal.com/disclosure/compensation/section/profile/ for our full profiles and http://www.otcjournal.com/disclosure/compensation/section/alert/ for Trading Alerts. Larry Isen, the editor and publisher of the OTC Journal, through various entities he controls, has purchased 1,200,441 shares of Spicy Pickle at an average cost of $.2125 per share. These purchases were made in Spicy Pickle private offerings. The aforementioned purchases were made between August of 2005 and August of 2006. On 12/15/07, on entity controlled by Larry Isen participated in an additional financing wherein 12 shares of convertible preferred, converting at $.85 into 120,000 shares and 90,000 warrants with an exercise price of $1.60 were purchased. In addition, Larry Isen has received 785,000 shares of Spicy Pickle common stock for consulting services and has purchased 213,343 shares in the open market at an average cost of $.89 cents per share. In addition, MarketByte LLC, an entity controlled by Larry Isen, has received a fee of $30,000 cash, and 300,000 newly issued restricted shares for coverage of Spicy Pickle. TGR Group LLC, the publisher of the Small Cap Network, has received $30,000 and 300,000 newly issued restricted shares for coverage of Spicy Pickle. Mr. Isen is an affiliate of TGR Group. In addition, two other individuals affiliated with TGR Group have purchased a total of 300,000 shares at $.25 per share, 21,961 in the open market at $.76 per share and received an additional 70,000 for consulting services. Current positions of the aforementioned can be found at www.otcjournal.com and www.smallcapnetwork.com in the Spicy Pickle information section. 

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