Clicksoftware Jumps on Annoucement of Conference Presentation

“Event driven” analysts look for some extraordinary change in a market or a company, and try to make a quick play. Some of the smaller Israeli stocks that we follow also move on events, but what’s interesting is that given their small daily volume, and almost micro-market cap, seemingly minor press releases can push a stock’s price tag.

On Thursday, for example, when ClickSoftware (CKSW), a small-scale competitor of Oracle (ORCL), announced that their CFO would be presenting at the C.E. Unterberg Emerging Growth Opportunities Conference in New York next month, the stock jumped 3%. A month ago, when it announced that one of Canada’s largest natural gas distributors had successfully gone live with its ClickLocate solution, its stock also popped. Subsequently, the stock settled back down.

There are opportunities where traders can make a profit. This can happen by keeping an eye on the small Israeli stocks for a quick move, going long in anticipation of a news story that need not even be too dramatic, or going short just as the news comes out. Take a look at IsraelNewsletter’s list of Israeli stocks that trade in the U.S. to get some ideas.

CKSW 1-yr chart:

Disclosure: The author’s fund does not own any of the companies mentioned in the article, as of June 28, 2007.