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editor@otcjournal.com
To
OTC Journal Members:
Yesterday morning I posted a new
BLOG
on Platina Energy Group's (OTC BB: PLTG) Q3 Earnings report. The
company is simply not delivering the numbers we were hoping for by now
for several reasons. Read the BLOG for my comments and thoughts
on what to do from here.
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.
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Spicy Pickle (OTC BB: SPKL)
Expansion Continues |
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Spicy Pickle was out with
news this morning suggesting the company's future my not be as "bleak"
as some would have you believe. In fact, I suspect this stock is getting
cheap enough to where it could become a buy. Perhaps a little year end
tax selling will take it down to irresistable levels.
I am only recommending a couple of
microcap stocks at this point, and SPKL is not one of them- yet.
If the management continues to find ways to expand while lowering overhead,
and possibly raising a little cash, it will become a buy once again.
The timing of this recession is unfortunate
for SPKL- all they needed was one more year of normal expansion
to have a profitable business model on an ongoing basis. Instead, the credit
crunch has killed the financing sources for franchisees, and most are in
stand still mode right now until liquidity comes back.
Today, the company announced a franchisee
has signed a new lease in San Antonio. The new location will be
at the University Square shopping mall near Interstate 10.
The second part of today's news concerns
a new Bread Garden location in Vancouver. This is will be a drive
through location, and management sees an opportunity to learn if a drive
through concept can be a viable part of the expansion campaign for Bread
Garden on a go forward basis.
At the end of the release CEO Marc
Geman states SPKL continues lowering its overhead commensurate with
their ongoing revenue stream. If revenues continuing going up, and expenses
keep coming down, a profit will be the inevitable result. It will just
be a question of time.
Once and if achieved, a profit will
be an opportunity for shareholders. Stand by for more news. Click
Here to read today's news.
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China Energy (OTC BB: CGYV)
Trading Up in a Vacuum |
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There's no news on CGYV, but
the behavior of the stock is interesting for those who are around to watch
the action.
If you're a believer that the next
high will be higher than the last high, now is the time to accumulate.
I can't say when it will surge again, but the last two surges have taken
the stock to higher highs.
The big price bar surge you see on
the right hand side of this chart is related to about 10,000 shares of
buying. That's virtually nothing, and suggests the next volume surge should
take us on to a higher high.
Those following this situation what
might to take advantage of some favorable pricing this Holiday week and
get in ahead of the next surge.
I don't expect much to happen for
the remainder of this week, so this will be the last email newsletter until
next week. Have a happy and safe Thanksgiving. We all have less
than we had last Thanksgiving, but it's more than most of the people
in the rest of the world. We truly have a lot of reasons to be thankful.
Home Page : www.otcjournal.com
Email Questions or Comments To:
editor@otcjournal.com
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