What’s wrong with these pictures?
It seems about the only thing wrong with Spectrum is it’s share price. Followers have noticed several good acquisitions, a really clean balance sheet with about 40 cents a share in cash and no debt and today, an announcement that it had acquired a way cool C$8 million ($6.2 million) mining services contract through subsidiary M&M Engineering. Here’s the chart:

SPSC looks to be forming a base and reversal in direction as shown by the continued daily break and closes back above our preferred displaced 3×3 moving average– which tends to be a better lagging indicator than the simple moving average of 50 or 200 days used by most traders and investors. If I’m correct in my assessment here, the stock should try and clear out the 1.72 level and, with enough momentum, 1.96 would be the next point of resistance.
And the company has a good shot at doing $100 million-plus in revenue next year. It did $11 million last year and has a market cap just south of $60 million.
Thoughts, reasons for the share price?
The other stock that confounds is Isonics. Take a look at this nifty chart:

Isonics appears to have settled down its selling pattern and has recently made a nice move up, if the stock can continue its momentum to the upside, current levels provide a nice buy side entry with a target of 3.98 before it may want to pullback again. Could be a quick 20 percent if the mo-mo continues.
This stock has replaced Spectrum as our volatility leader. Trade the swings. The company came out today with a meaty release detailing its strategic plans for the foreseeable future including integration of Protection Plus Security Consultants to add to its Homeland Security unit–including around $13 million in revenues. Isonics trades like a banshee and while a long-term position likely makes sense, it’s also a trader.
I have to admit, I was sort of wrong about Google. Damn stock’s up to $255 and I’ll still don’t see it. Analysts are now looking for $350 afdter lookiong for $250, $275, $300 etc. Still, as a smallcapper, there’s no leverage unless you have cash to burn, so let’s go with I still don’t like it.
All of our other traps including Apple, Martha Stewart etc, still haven’t returned to nearly where they were when we first checked in.
Market looks healthy for a decent summer rally, so have at least a selection of favs–either ours or yours. Keep some cash on hand, always. There’s always something coming along.
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Trade Safely.






