Its Over

Originally posted by 1ronnie ↑

Since the early part of this year, I have cautioned that with exuberance evaporating, we could be experiencing a more challenging trading environment for some of my highlighted tech microcaps as there would be a Flight to Quality.

You just have to look at the 1 year charts for EDE, SAS, IOT, CIO and OOK (all have been featured previously in my posts) and they all look pretty much like EDE. Then look at 1 year charts for BUD, YOJ, FZO, 9SP and CM8 and you can see they are looking to mimic EDE's south bound chart (there would be the occasional knee jerk price rise that is not sustained).

After that, look at RNT (Rent.com)'s 5 year chart - all the above stocks could well trade like that (RNT) in the longer run. And you could end up with 'dead stocks' continuing to hold as there is opportunity costs involve in holding on to poor performing stocks.

Some improvement seen with covered stocks in particular SKF, 4DS, PPS and A2M, after a difficult day yesterday.

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COVERAGE DATE STOCKS PRICE ON COVERAGE DATE PRICE @CLOSE GAIN%
8/8 SFC $ 15.050 $ 15.000 -0.3%
6/8 CGL $ 7.080 $ 7.000 -1.1%
31/7 MYE $ 1.180 $ 1.390 17.8%
30/7 MP1 $ 4.370 $ 3.970 -9.2%
26/7 SKF $ 0.150 $ 0.190 26.7%
24/7 ZEN $ 1.060 $ 0.950 -10.4%
23/7 CXL $ 0.630 $ 0.840 33.3%
17/7 COE $ 0.445 $ 0.465 4.5%
13/7 SHL $ 26.500 $ 26.250 -0.9%
29/6 BYE $ 0.340 $ 0.280 -17.6%
28/6 ATC $ 0.195 $ 0.170 -12.8%
18/6 A2M $ 10.780 $ 10.090 -6.4%
18/6 CGC $ 8.750 $ 8.190 -6.4%
14/6 NZK $ 2.240 $ 2.600 16.1%
4/6 BUB $ 0.830 $ 0.625 -24.7%
15/5 SW1 $ 0.410 $ 0.405 -1.2%
14/5 RHC $ 65.420 $ 54.440 -16.8%
9/5 FYI $ 0.145 $ 0.084 -42.1%
3/5 4DS $ 0.057 $ 0.082 43.9%
2/5 PME $ 8.150 $ 8.500 4.3%
1/5 TTT $ 1.540 $ 2.200 42.9%
30/4 CTD $ 24.880 $ 28.690 15.3%
18/4 CLV $ 1.030 $ 1.430 38.8%
18/4 VIV $ 0.054 $ 0.041 -24.1%
11/4 APX $ 8.820 $ 11.060 25.4%
11/4 BHP $ 29.440 $ 33.795 14.8%
11/4 PPS $ 0.595 $ 0.915 53.8%
11/4 PTB $ 0.545 $ 0.640 17.4%
Return @ 5.87% assuming @ $1k even per stock

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0 COVERAGE DATE STOCKS PRICE ON COVERAGE DATE PRICE @OPEN GAIN%
8/8 SFC $ 15.050 $ 15.000 -0.3%
6/8 CGL $ 7.080 $ 7.000 -1.1%
31/7 MYE $ 1.180 $ 1.390 17.8%
30/7 MP1 $ 4.370 $ 3.970 -9.2%
26/7 SKF $ 0.150 $ 0.190 26.7%
24/7 ZEN $ 1.060 $ 0.950 -10.4%
23/7 CXL $ 0.630 $ 0.840 33.3%
17/7 COE $ 0.445 $ 0.465 4.5%
13/7 SHL $ 26.500 $ 26.250 -0.9%
29/6 BYE $ 0.340 $ 0.280 -17.6%
28/6 ATC $ 0.195 $ 0.170 -12.8%
18/6 A2M $ 10.780 $ 10.090 -6.4%
18/6 CGC $ 8.750 $ 8.190 -6.4%
14/6 NZK $ 2.240 $ 2.600 16.1%
4/6 BUB $ 0.830 $ 0.625 -24.7%
15/5 SW1 $ 0.410 $ 0.405 -1.2%
14/5 RHC $ 65.420 $ 54.440 -16.8%
9/5 FYI $ 0.145 $ 0.084 -42.1%
3/5 4DS $ 0.057 $ 0.082 43.9%
2/5 PME $ 8.150 $ 8.500 4.3%
1/5 TTT $ 1.540 $ 2.200 42.9%
30/4 CTD $ 24.880 $ 28.690 15.3%
18/4 CLV $ 1.030 $ 1.430 38.8%
18/4 VIV $ 0.054 $ 0.041 -24.1%
11/4 APX $ 8.820 $ 11.060 25.4%
11/4 BHP $ 29.440 $ 33.795 14.8%
11/4 PPS $ 0.595 $ 0.915 53.8%
11/4 PTB $ 0.545 $ 0.640 17.4%
Return @ 5.87% assuming @ $1k even per stock