Trading is not a game of exacts. Perfectionists need not apply. Markets are made up of many irration...
A Four-Pack from Coolcat
01/21/2005 12:00 am EST
With a focus on low priced micro- and small-cap stocks, Kevin Kennedy, editor of The Coolcat Report, isolates the "characteristics of past major market winners" to find his new portfolio candidates. For those aware of the inherent risks, we offer his latest four selections.
"We look for a low price, because it’s easier for a stock to go from two to 20 than it is to go from 20 to 200. We look for a low float, where there is the potential for big demand, and small supply. We also look for high relative strength. Huge winners start as big winners. We look for new highs, which suggest that there are no disappointed buyers holding the stock. We look for breakouts from bases on big volume, and pullbacks on lighter volume. We also look for a low price-to-sales ratio, which often attracts bargain hunters. Here are the latest stocks to meet these criteria.
"Click Commerce (CKCM NASDAQ) provides extranet solutions for channel management, collaborative commerce, and compliance automation. Leading corporations such as Microsoft, Delphi, Honda, Citibank, FedEx, Carrier, Samsung, Kawasaki, Logitech, Hitachi and Tell abs have transformed their business relationships using Click Commerce solutions. Six of the top ten research institutions in North America, including Johns Hopkins University, the University of Washington, and the University of Michigan, use the company's compliance automation software to automate their regulatory compliance processes and manage research project approvals. Over the past year, the stock has risen from a low of $4.27 to a high of $18, before pulling back.
"Manchester Technologies (MANC NASDAQ) is a distributor of display technology solutions and plasma display monitors through its subsidiary Electrograph Systems and is a distributor of computer hardware, primarily to dealers and system integrators. The stock is up from a 52-week low of $2.75, and has recently pulled back from its high of $8.40.
"ImmuCell (ICCC NASDAQ) is a biotech company that is developing products intended to help reduce the overuse of antibiotics in animal and human healthcare and is manufacturing and selling other products that improve animal health and productivity in the dairy and beef industries. ImmuCell shares recently soared 121% in one day, when the company announced a product development and marketing agreement with Pfizer for Mast Out, a Nisin-based treatment for mastitis in lactating dairy cows. ImmuCell will receive an upfront payment of $1.5 million from Pfizer as well as potential milestone payments and royalties on sales. Over the past 52 weeks, the stock has rose from a low of $3.10 to a high of $9.65.
"LanOptics (LNOP NASDAQ) is focused on its subsidiary EZchip Technologies, a fabless semiconductor company providing high-speed network processors. EZchip's TOPcore technology provides both packet processing and classification on a single chip at wire speed. EZchip's single-chip solutions are used for building networking equipment with extensive savings in chip count, power and cost. Highly flexible seven-layer processing enables a wide range of applications to deliver advanced services for the metro, carrier edge and core and enterprise backbone. The stock is up from a 52 week low of $4.77."
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