To OTC Journal Members:
 

Comments in the BLOG

This week's BLOG has a posting on KAL entitled "KAL Profit Alert". It's the first Profit Alert I have published since July 23rd. It was long overdue. I hope we never have a drought of this length again, but sometimes the market can be cruel. There are many questions on a good entry level for KAL- of course everyone wants in now that the stock has appreciated 50% in 10 days. Read the BLOG and the questions and responses for some ideas. Ask yourself this- do you have the patience and discipline to buy the stock when it is trading quietly and no one wants, or do you pile in when the stock is hot? You might want to go back and review the edition entitled "Event Driven Trading Profits" for some guidelines. Just Click here.

To use the BLOG, simply go to the home page at www.otcjournal.com - the BLOG will scroll down automatically on the right side of your screen. The most current journal entries appear in the middle of your screen. Check back frequently for updates particularly when stocks are moving to overbought or oversold levels or in volatile markets. Your questions and postings do not automatically appear, so don't bother posting the same question multiple times. I personally go through to moderate and respond to every reasonable question.
 

UpSnap (OTC BB: UPSN) Snaps Back

I said in the initial presentation that UPSN was going to be Mr. Toad's Wild Ride, and the stock has made me look prophetic on that issue. After presenting the company at $2.75 on Nov 19, we had a very brief look at $3.10, and a precipitous drop from there.

Five trading days later the stock hit our stop loss at $2.30. At this point, you should have been out with a manageable loss. The stock then headed down to set up camp at the $1.80 level for a few days.

Inexplicably, the stock has since been reborn and surged in the last couple of days to the $2.60 mark. I could have blogged a trade at $1.80, but had no inkling the stock would bust back up the charts as strongly as it did. I won't forget this from here forward.

One premise remains the same from the initial presentation: There is a lot of interest in this company and a very small float. The float is rumored to be as little as 2 million shares. As long as there is volume eclipsing the 100,000 shares daily mark, there will be volatility. If we can get on the right side of this one, there could be some serious short term money to be made.

The past three days resurgence has me a little concerned about jumping in now. Certainly the stock could continue to power higher and challenge the old highs, but the risk reward after a 44% move is stretched. A prudent strategy might be as suggested with KAL- pick up 25% what you would invest, and save the remainder for a hoped for pullback.

If you are intrigued by the volatility here, keep an eye on the BLOG. I will try deliver the best trading strategies using that medium.

On a separate note, the service is gaining traction with consumers as evidenced by today's news. Their mobile search engine has been used for comparison price shopping during the holiday season. Simply inserting the letter "P", the item you are shopping for, and your zip code, UpSnap will tell you where to go for the best price. It's all free, and available by texting to 27627 (2SNAP).

Mobile search is going to become more prevalent. It's inevitable. Google has a similar service, but doesn't seem too interested in promoting it right now. UpSnap is the only pure play out there in this unique niche. As mobile search becomes more widely known and used, UPSN will benefit.

There is some very interesting information about the way Mobile Search was used at the kickoff of the Holiday Shopping season. For your review:
 

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