To OTC Journal Members:
 

RIMM-UGH- right idea, wrong security. Watching that stock fall apart on Friday and hitting $115, as I predicted it would, was painful in that I had been blown out of the short term puts I suggested for a high risk trade at a loss.

For those of you who are still in the trade, a couple more down days in the market will probably bring $108 to $110 into the picture. That will be a really nice profit. The big problem: The options I chose expire next Friday- so I couldn't afford to stay in longer and hope the stock went lower. What I should have done was either simply short the stock, or buy some puts another month out. Then it would have been a killer trade. Live and learn. 

As I have said- I don't mind shorting indexes, but shorting individual stocks can be dicey. Suppose you were short Yahoo! when the Microsoft bid was announced- boom- huge loss. Or Millenium last week? You'd be absolutely killed. With options, your loss is limited to the amount you invested. If you short a stock, your loss possibilities are unlimited. Still, I should have shorted RIMM instead of buying the ridiculously overpriced puts. 

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.
 

The Pickle (OTC BB: SPKL) Wants To Hear From You!

The management of Spicy Pickle wants to hear from you.

While all the call details won't be available until Monday morning, I can tell you that the management of Spicy Pickle will be holding its first open  conference call this coming Wednesday, April 16th.

The call will begin at 1:15PM Pacific, 4:15PM Eastern. The company will be highlighting achievements of the past year, then giving investors an outlook for the remainder of 2008 and beyond.

After the presentation is over, Marc Geman, CEO of Spicy Pickle, will take your questions. This is your opportunity to learn whatever you want to know from the guy who runs the company.

Here's my offer to you. I know many of you will not be able to listen to the call at the scheduled time and get your questions answered due to conflicts in your day. To help out, I am volunteering to get your questions answered.

If you have any questions on SPKL, simply send them to me at editor@otcjournal.com, and I will ask them on your behalf. Put SPKL in the subject line, and I''ll take it from there. You can then listen to the replay online at your convenience.

I'll publish the dial in number for the call on Monday morning once it is available.

SPKL has come down pretty significantly in Q1. In my view, there are three main factors that have driven the price down. They are:

• The Bear Market, which has driven most microcaps lower
• The Reg changes from the SEC for Rule 144 filings, which allowed some excess supplies to become free trading on a shorter time frame than in past years.
• The vacuum of new store openings in Q1, which will start righting itself in Q2.

Those who have been following my commentary know I have been predicting this stock was destined to come back and fill last September's gap. It's tough to see the exact numbers on this chart, but here's what happened. The stock closed at $.69, and reopened at $.83 back then. Then it came back down a bit, but never fully filled the gap.

The stock traded back down to $.69, and then turned around. It is now trading in the high $.70's, and looking like it could be ready to move higher.

The three factors that have been pushing down the stock appear to be moderating- the supply side seems to have dried up, the worst of the bear market appears to be over, and there are a number of new stores close to opening.

The next couple of years of growth for SPKL are now built into the stock. With 36 stores open, and 130 franchises sold- there are 94 stores to open over the coming years.

Listen to the call and judge for yourself. Technically, I believe the stock is a strong buy right now. Fundamentally, I believe the company is worth $1 today, with no growth premium built in. How much is another 90 stores worth above $1? I don't know, but perhaps you have an idea. Certainly a lot.

Send your questions into editor@otcjournal.com, and I'll get them answered. Alternatively, if you're free Wednesday at 4:15 Eastern, call in and ask the question yourself.

I'll publish another reminder for the event once the details are available.
 

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To ensure newsletter delivery, you can add any additional email addresses you may have to the OTC Journal Member List. Receiving the OTC Journal Newsletter in multiple locations is the best way of making sure you don't miss the next investing or trading opportunity! For web based email addresses, the OTC Journal recommends @yahoo.com or @aol.com for timely and reliable email newsletter delivery.

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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. 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 and received an additional 70,000 for consulting services.

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