3 Small-Cap Quick Hits

Worth reading:

• International Assets Reports $6 Million Earnings for Second Quarter and Six Month EPS of $2.26 - Int’l Assets (IAAC) is a play on commodities and emerging markets.

Key quote: “Investors should note that the Company held commodities inventory at the end of the second quarter that was valued on the balance sheet at $16 million less than its fair market value.”

• HRT: Basic Chart for ARRHYTHMIA RES TECH - I haven’t traded Arrythmia Research (HRT) for a while, but I like the tightening coil.   If it breaks upward, I will be a buyer.
• Synchronoss falls on 3G iPhone setback - Synchronoss (SNCR) shares drop to around $11 on news that it will not participate in 3Q iPhone rollout. The company has a lot of cash, but will probably see declining revenues and profits. Value trap in my opinion.

Update on gold: Gold sure took a beating recently.  I continue to be long a bevy of gold mining stocks and intend to stay long unless recent support breaks.  This chart from Dan Norcini (note: PDF) courtesy of www.jsmineset.com, shows the levels I am watching.

While I am a bit less bullish than I was on Friday, its way too early to bail on the call.  Oil is at or near record levels, agricultural commodities are booming, and the dollar is making only a feeble rally despite the verbal intervention of central bankers and politicians worldwide.  The yellow dog should regain footing soon.  If not, I’m out.

DISCLOSURE: Long positions in many gold stocks.  No positions in IAAC, HRT, SNCR.

Comments

[Bear Stocks...:]

Virtually all of our top ranked ETFs are commodity plays. These include DBE, OIL, DBC, GSP and XME. If you prefer individual stocks, the best bets now include REXX, MOS, AGU, POT and EAC. In the mood for short-selling in this manic market? Check out CTX, JPM, CAL, WFC and REGN. Visit our website for more info.

2008 Jun 12 09:03 AM

[Clavis:]

Don't go chicken on us.

2008 Jun 17 05:57 PM