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Ready to arm yourself with powerful information? Just click here.

If you want proof that it can pay to bottom-fish, here you go…..Ckrush Entertainment (OTCBB: CKRH) shares surged from a low of $.17, hit on the 18th, to the current price of 0.29$. Folks, that’s a 70% gain in less than four days. Granted, the precise bottom was probably impossible to pinpoint, but even buying at the high of $0.19 on the 18th would still leave you up by 52% on the trade.

While we applaud Ckrush shares, and congratulate those lucky few who dared to buy at what seemed like the beginning of the end, that’s not even our purpose with this entry. No, there’s a totally seperate point here……and one I already made above.

Sometimes, the right move is to go against the grain, and bet on a reversal. No doubt it’s a dangerous game to play, but it can pay well when you’re right. In CKRH’s case, it did indeed pay well.

Were there any hints here that could have suggested such a bounce was in the air? I see a couple if clues. The first one is a re-visit to support around $.17, where the stock made a handful of lows in September/October before a few buyers stepped in (although half-heartedly). The other hint was the shape of the bar on the 17th…..it’s called an inverted hammer pattern, as the entire day’s range is tall (relatively), with the open at the low, and a close at least in the lower half of the range. Yes, it’s esoteric - even by candlestick standards. Yet, it was an accurate hint of what was to come.

And in the interest of fairness, this probably isn’t a pattern I would have played in search of an upside reversal. It’s just not my personal taste when it comes to trading; I prefer to see momentum. However, that doesn’t make me right all the time. This instance is an example of that.

Perhaps more importantly (or at least as importantly), Ckrush’s shares have finally managed to clear what I see as a long-term resistance line….and they did it on a major volume surge. In my opinion, it’s a huge victory for everyone as it should unshackle the stock quite a bit. Again in the interest of fairness, I don’t personally know that I’d jump in blindly here. I don’t like to chase stocks. I’d rather wait for a pullback. And no, that’s not always the right decision either. It works for me though. As for what works for you, and whether or not CKRH should be of interest to you…..well, only you can decide how to handle that.

You may recall from a blog entry a few days ago that the Immune Response (OTCBB: IMRP) ticker symbol was set to change following its reverse split. Well, today’s the day….the stock is now trading at $0.85 following the 1-for-100 split. The ‘IMNR’ ticker has been replaced by ‘IMRP’.

Note that either or neither ticker might work for you, depending on your data feed. It could take a couple of days for the switch to fully propagate through all the data channels.

Remember, the ticker will stay switched through mid-January to ensure that nobody will be confused about the post-split pricing (by the virtue of forcing them to figure out how the ticker changed). After a month or so, the plan is to revert back to the old ticker. On the other hand, the original plan was also to let the stock trade under the ticker ‘IMNRD’ after it split, and that clearly changed.

We’ll keep you up to date on the process.

In the meantime, the price change also leads us to change our previously suggested target and stop. The new target is now set at $85.00, with a stop of $0.50.

This is why we think you want to own companies for reasons other than what’s only in the news. Yesterday, CEL-SCI Corp. (AMEX: CVM) announced that a new patent had been approved. The patent is for a new immune-based disease treatment platform. The event in itself is no big deal - patents are submitted and approved all the time, even for biotech companies. The big deal in this case is that this mostly was a surprise from CEL-SCI, which had been devoting most of their effort and attention on Multikine - the company’s primary cancer treatment drug currently in testing.

There are two key points we want to make in the shadow of the news.

The first one is, expect good things from good companies, even when you don’t hear much from them. CEL-SCI had been off the radar for quite a while, as they were reporting no news….at least on the Multikine front. Then, out of nowhere to a certain degree, they release this good news. We think it’s evidence of how sometimes, you just have to have a little faith that a company is moving in the right direction. CEO Geert Kersten has been very straight-forward in the way he deals with investors, stating his first and foremost goal was to establish and preserve shareholder value. Well, this news (which was wisely kept under wraps until approved) is consistent with that idea…..he knows there’s more out there than just the Multikine opportunity.

The second point to understand is simply that new technologies should eventually mean more revenue. Yes, it may be years before the technology is monetized, but that’s always the case in the biotech world. The technology is at least protected while CEL-SCI refines it before hopefully bringing it to the market. In the meantime, Multikine continues to progress.

We’re not even going to pretend that we could re-explain the impressive breakthrough technology to you. We feel you’re better served reading it first-hand for yourself by clicking here. We think you’ll agree the idea sounds very promising.

We got a very good question from one of our readers a moment ago regarding float and outstanding shares information about our profiled companies. For the sake of brevity we tend to not add that data to the newsletters, as it can be cumbersome to read - as well as write - if it’s not part of your analysis (and we’re not saying it necessarily has to be). All the same, we completely agree it could be good stuff to know if you’re mulling over a major stake in the stock. In any case, here’s the question……

I will consider your recommendations if you will reveal, for each recommendation, number of shares outstanding, number in the float, and therefore current market cap. These do not normally show up on ticker data from Yahoo and others on these very small cap issues.

The e-mailed request was in response to Monday’s Siena Technologies (OTCBB: SIEN) profile, so we’re assuming that’s the issue this reader is most interested in. In response to the question, Siena’s float is 17.67 million shares, with 34.48 million shares outstanding.

In this case, the information was posted on the Yahoo Finance site…..on the ‘Key Statistics’ page for Siena (look in the ‘Share Statistics’ column on the right hand side). A spot check of some of our profiled companies reveals that most of our stocks do indeed display their float and outstanding shares data there.

That being said, we also agree with the reader that the data may or may not always be there, particularly for a small company. Of course, the companies we present are also scrutinized by is pretty well…..and the ones that make the cut generally have pretty strong reporting standards. So, we’re not entirely surprised to see it on the Yahoo Finance site (although Yahoo is the party going out and gathering the data if it’s available).

The only caveat is simply that Yahoo’s data might be at least one quarter old. That’s not a big deal though, unless there’s been some sort of major new public offering, split, or repurchase. Otherwise, the data should be plenty accurate enough to use.

As for adding the information in future editions of our newsletter for our other companies, we’ll definitely think about it. if it doesn’t appear directly in the e-mail newsletter, we’ll try and blog the data as it becomes relevant. Thanks for the suggestion!

Truthfully, we’re not a bit surprised, after reading about its uncanny growth. ByIndia.com, one of the creations of Web2 Corporation (OTCBB: WBTO), is now officially the #1 Indian search engine, according to Web-traffic measurement site Alexa.com. ByIndia’s 800%(+) growth in just three months after its re-launch is - to us - just astounding.

If you haven’t taken a look at WBTO shares, please do so. Speculative they may be, but there’s some real meat to this story that other investors may find very compelling. Be sure to review all of our commentary and focused newsletters too, as they’ll discuss targets, stops, and details on the things we see as critical to Web2 Corp’s success. 

We always like to keep you abreast of On The Go’s (OTCBB: ONGO) big sales, and we’ve got a whopper for you today……a $300,000 order from a film and visual effects company. It’s a segment On The Go seems to do well with with, and perhaps more importantly, it’s one of the bigger sales we’ve seen in months.

And for what it’s worth, that’s right at 0.75% of the entire revenue goal for their fiscal 2007….done with just one single order.

As we’ve said what seems like a thousand times now, this story is starting to become really enticing. The top line is getting bigger, and the size of the loss is shrinking. We still have to believe positive earnings are likely in the near future. We recommend you take a chronological look at our coverage; we think you’ll be as impressed by the growth as we are. Click here to see all the commentary.

Click here for the full press release.

If you’re looking for the latest on the progress of BioCurex’s (OTCBB: BOCX) RECAF cancer marker, take the easy route……sit back and watch it on television (or even through the Internet). Gerry Wittenberg, Chairman, will be discussing recent news on RECAF’s development with MoneyTV’s host Donald A. Baillargeon. The nice part is it’s a highly detailed review, and comes straight from the top.

This episode will be available for a few days if you’d like to watch on the air. Or, if it’s more convenient, you can watch the show online. Links to air times as well as the web-based version can be found here at the MoneyTV.net site.

If what happened at the last boat show is any indication of what may be in store the next time Challenger Powerboats (OTCBB: CPWB) attends a boat show, we wouldn’t be surprised in investors started to salivate.

As a reminder, after showcasing the new-and-improved Challenger boat line at a Fort Lauderdale show a few weeks ago, one of the attending distributors was excited enough to forge a partnership with Challenger. We blogged the news on Tuesday.

Here’s the fun part….the Fort Lauderdale show was mostly individual boating enthusiasts. Yet, Challenger still managed to break some ground with an ally.

What kind of unions could be created when Challenger actually presents at the boat show that draws the biggest number of dealers and distributors in the world? We don’t know, but we’re going to find out on February 15th when the Miami International Boat Show gets underway.

Given the buzz they’ve already managed to create, we won’t be one bit surprised to see more similar relationships developed as a result of their attendance. Yes, we think 2007 is going to be a very memorable year for the company - and probably for shareholders.

This is the kind of action we feel most shareholders may want to see, and we’re not even talking about the monster gain of 73.7% since we rolled out our target price on December 5th (well, it’s not the only thing we’re talking about).

After discussing the merits of Web2 Corporation’s (OTCBB: WBTO) stock in our December 5th edition, the stock went wild, peaking at $2.26 on the 7th. At that point, the easing back to the close of $1.84 on the 11th may have led some traders to think the move was a one-hit volatility wonder. Well, get ready for round two…the stock has been rallying sharply for the last three days, reaching a high of $2.47 just a few moments ago. Needless to say, the prior high has been breached, so shares are at a ‘new’ annual high for the second time in just six trading sessions.

Now, put the big move aside for a moment - what we’re impressed by is the second surge being made on no news. Our concern about any news-based move is simply how the move may only last as long as the market remembers the news….which isn’t very long in some cases. But the rally over the last three days is on no news whatsoever…..the trading pubic appears to be interested on their own. In a sense, we see it as the critical ’stand-on-its-own’ test…a test which we feel WBTO seems to have passed so far. Better still, we think the strong buying volume and weak selling volume since the 5th points to the same brand of bullishness.

Do we think Web2 Corp. shares will be able to keep moving higher every single day now that it’s become a what we see as a very viable equity? We seriously doubt it. However, based on the action we’ve seen over the last two weeks, we feel the odds of a rebound after any dip are now considerably greater. In our opinion, the risk-to-reward equation may have just tipped well in favor of the reward side.

Don’t forget, SmallCap Digest offers free stock ideas and market commentary through our e-newsletter. Be sure to sign up today using the link in the top right corner…and don’t forget to respond to the confirmation e-mail. Or, add us to your RSS feed using the link in the left-hand column.

When Challenger Powerboats Inc. (OTCBB: CPWB) went to the Fort Lauderdale (FL) Boat Show a few weeks ago, we felt pretty confident they’d be able to make a big impression on individual boat enthusiasts. However, we didn’t really think about the secondary benefit of presenting their boat line at a major show….the impression they’d make on major distributors.

Well, as of today, that secondary benefit is no longer so secondary. Challenger recently entered an agreement with Nautique International - a major distributor of boats, with a network that reaches to Canada, Europe, Asia, and Australia. Do they know how to push boats through their network? Yeah, we think so…they’ve generated more than $250 million in sales for other manufacturers over the last 25 years. That’s roughly $10 million in sales per year. For the sake of comparison, Challenger has been generating less than $2 million in annual sales. So, even a small sliver of Nautique’s pie is going to be a nice help for Challenger.

There’s no word on the specifics of the deal, like guaranteed minimums, delivery schedule, etc. (even if those details exist), but we still see this partnership as very advantageous for CPWB owners. As we’ve stated before, we feel this turn-around story is just now getting good.

For more details, click here.

We just learned Eagle Broadband (AMEX: EAG) has acquired Connex Services’ customer base, which is expected to add about 50 I.T. clients to Eagle’s current base, as well as push I.T. revenue up by about $600,000. It’s a good fit, as Connex offers something along the same lines as Eagle…..management of broadband-based data, voice, and video services.

Anything to boost revenues is good - even if it’s a modest $600,000. However, it appears as if Eagle CEO Dave Wicek sees the same bigger picture we do. In our opinion, the ‘first’ customer is usually the toughest to get. Every one after that seems to be easier to get on board. So, the current Connex customer base can also act as a springboard to introduce other services Eagle provides. We think the company should be able to take this relatively small foothold and expand its footprint by quite a bit.

The deal is doesn’t require Eagle to assume any of Connex’s debt. Instead, Eagle will be issuing about 1.2 million unregistered EAG shares to Connex.

For more details, click here.

Capitalizing on what we feel is a broad range of Internet-know-how, Web2 Corporation (OTCBB: WBTO) announced yesterday they’ll be launching a job search site….with a novel twist. Rather than an employer just posting a simple job description, a prospective company can upload a video regarding the opportunity. Likewise, a job-seeker will be able to upload a video of him or herself as part of a multimedia job application.

Your first thought might be that this is just too radical to be of interest to either side of the equation. However, we’ve observed - even in just the last few months - how the use of multimedia (video, audio, with written word) has become mainstream. YouTube and Yahoo Video are just a couple of examples of how Internet users are looking to become more digitally creative. So, we see it not so much as cutting-edge, but rather as pioneering….Web2 Corporation appears ready to lead the way in the next evolution of Web-based job searches. We’ll be excited to see where it all leads.

The service is scheduled to be launched in January, and will be aptly named JobMatchPro.com.  For more on Web2’s newest venture, click here.

In the meantime, it may be worth reviewing our most recent newsletter installment regarding Web2. It included a suggested target and stop price, and preceded 60.3% rally from $1.41 to a high of $2.26. Since then, shares have eased back to $1.84, which still leaves behind a 30.4% gain after that edition was published. 

On Friday, we finally got word on the long-awaited reverse-split (1:100) of Immune Response Corporation (OTCBB: IMNR) shares. The stock will first trade on a post-split basis on December 20th.

Note that the ticker symbol will temporarily switch to ‘IMNRD’ to denote that the stock is trading on a post-split basis, as the highly elevated trading levels could make an investor think shares had gone ballistic….if they weren’t aware of the split. Around the middle of January, the ticker will revert back to the old IMNR symbol. If you’re following the company’s stock, we’d just recommend using both tickers until the whole deal is done later in January. That way you’ll be sure to receive accurate quotes and all the news, no matter how your data provider handles the switch. 

In our opinion, we think this is a good move for the company, and could potentially benefit current owners as well. While a stock’s price level shouldn’t matter, we still think it does…..if only for credibility reasons. A 2 cent stock can be tough for an institution to buy, and it’s not exactly an easy psychological battle for a retail investor either. We feel a $2.00 stock, though, can be much easier for both groups to work with. And, it’s a step in the right direction to getting listed on a major exchange in the future.

Maybe you already heard, or maybe not, but Eagle Broadband (AMEX: EAG) received an official notice from the American Stock Exchange - where Eagle’s shares are publicly traded - that the company may not fully meet all if their listing requirements. Specifically, the AMEX notice to Eagle states that shareholder equity and continuing losses from operations fall short of the exchange’s standards….as of right now.

As you might imagine, this announcement made on December 5th pulled shares lower on the 6th, and they’ve been selling off ever since.

While investor’s concerns are understandable, we also think it maybe a case where the market reacted quickly without really absorbing all the details they may want or need to. Having had some time to review all the news and digest, here’s our take….

No, we don’t necessarily think this is good news…..because it’s not exactly news at all (meaning it’s not exactly bad news higher). The satisfaction of the AMEX’s requirements have been in question for a while - it’s simply that the official August 31st year-end filing had to be reviewed by the AMEX before the official notice could be delivered. So, it seems as if the panic selling may have been from those owners who didn’t fully know Eagle’s story. Fine. Now that they’re getting out of the way, the more serious investors may be able to scoop up shares at a lower trading level.

The other key reality we see is simply the ‘current’ Eagle is not the ‘old’ Eagle those past filings represent. Remember, we think Eagle is likely to become a major IPTV player just as the company describes, but that enterprise was only started in October. Given enough time, we think Eagle may well indeed meet the AMEX’s requirements using IPTV as the revenue vehicle…..which was not in place last fiscal year.

Plus, we don’t think other investors read the news too closely. The American Stock Exchange never said EAG shares were getting de-listed. The exchange said they might get de-listed if certain requirements continue to go unmet. Any de-listing wouldn’t take place until May 29th of 2008. So, there’s a pretty big window there for Eagle to get things pointed in the right direction….which we feel they’re certainly capable of. As mentioned in the title, Eagle will be submitting a plan to the AMEX about how they’ll go about meeting those specific AMEX standards in the future. For the time being, an acceptable plan of action will keep Eagle in good standing with the exchange, as long as the company does indeed proceed according to that plan.

Ultimately, yeah, we - and probably any shareholders - would have rather not had to contend with some rough publicity. However, we think a little perspective is on order on the matter. From our point of view, Eagle is still a viable opportunity, regardless of where it’s listed. In the meantime, the AMEX listing is still likely to be in place for at least another 18 months. We think that’s more than ample to time for the company to prove itself.  

Now, with all that being said, don’t forget the timing of any stock purchase can still be critical. The way we see it, trying to find a precise chart bottom is a little like trying to catch a falling knife….it can be dangerous. In fact, our prior suggested stop of $0.49 on EAG shares was violated on the 6th. So, we’re not necessarily saying now or here is the optimal time to jump in. We do feel, though, this stock is worth watching, as nothing has fundamentally changed from what we knew before the announcement was made. We’ll keep an eye on the stock, and maybe re-issue a target and stop if we see something significant change with the chart.

To get any new-comer investors up to speed, On The Go Technologies (OTCBB: ONGO) has released a year-end update, listing all of the key changes and accomplishments made over the last twelve months. A link to the complete update appears below, but we’ll mention what we think are the highlights here…..

• Revenues grew from $3 million in 2004, to $5.5 million in 2005, to $30 million in 2006 (thanks to the 2006 acquisition of Island Corporation and Infinity). In 2007, sales are projected to reach $40 million.
• Acquisition debt was reduced by $2.8 million.
• Staffing costs were reduced by $1.5 million.

Overall, we’ve been impressed by the direction On The Go has taken in realizing their full potential. On the other hand, the real question - we think - is one of profits….how close is On The Go to becoming viable? Well, in our opinion, they are indeed headed in the right direction. Aside from today’s year-end update, a quick review of their most recent earnings results (which we blogged on October 31st) reveals what we feel is an encouraging picture. Let’s review what we said then:

Of course, there’s more to life than just the top line. All the other lines, for better or worse, were proportional to the ‘then’ from a year ago. The per-share loss this year was 65 cents, versus a per-share loss of 59 cents a year ago. On a bottom line basis, the company lost $6.3 million, compared to a $1.0 million loss last year. The cost of sales as a percentage of revenue went from 18% to 16%. Like we said, the accounting statements were basically proportional.

What’s our take? We’d be the first to acknowledge we’d rather see profits instead of losses. But, as always, you have to know the whole story to get the right perspective. What the numbers don’t tell you is that the loss this year includes $1.2 million in financing expenses that are scheduled to decrease (significantly) next year. There was also a one-time debt-restructuring loss of $633,479 charged in fiscal 2006. Assuming that a million bucks (or so) between these two big drains won’t be showing up - at least not to the same degree - on next year’s books, then next year’s loss will be pared to maybe $5.3 million (keep in mind these are very rough estimates, and they assume next year will be a mirror image of this year in every other way).

So how’s the company going to make money next year if mirroring last year’s results? It’s a fair enough question. The answer is, by not mirroring last year. The key thing to keep in mind is the acquisition of Infinity - the main reason sales increased like they did - is still in the rear view mirror. All the associated expenses (extraordinary or otherwise), overlap, and required restructuring is still ringing in their ears, so to speak. Give the company another year, at least, to really polish up the merger.

So, as before, we’re very excited about seeing this company’s progress as 2007 rolls along. As of right now, it doesn’t seem to us as if the majority of the market recognizes what could be an undervalued opportunity. In our opinion though, ONGO has some nice potential that could be tapped as more and more quarterly results are released, provided they continue to verify the march towards profitability. Of course, we also feel the best time to own any stock is when it appears to be off of everybody else’s radar.

In any case, here’s the full version of the update.

It was only a few days ago we mentioned ByIndia.com’s traffic growth was astronomical after just being launched in late October, but congratulations are again in order for Web2 Corporation (OTCBB: WBTO). The company reported earlier today their Indian search engine and web portal is the fastest growing site in that particular category, according to Alexa.com.

Are we surprised? No, not really. Web2 had been honing the ’stickiness’ of ByIndia.com, as well as getting it promo-ready, for months. Within 20 days of its October 16th launch, the Alexa ranking has shot up from 750,000th to 12,745th (among all globally monitored sites). And, less objectively, we think the ByIndia.com site is easily more user friendly and fun to use than the next nearest competitor.

As for what’s next, we feel it’s going to be more of the same as time progresses. In other words, this rapid footprint expansion could potentially make ByIndia.com not just the fastest-growing Indian search engine, but the outright most-visited Indian search page. It’s currently ranked third in the category, and is gaining on the #2 site pretty quickly.

In terms of what it might mean to the bottom line, we can’t emphasize enough how important we think it is to be ‘best in breed’ in whatever category you’re in. If ByIndia.com can offer a potential advertiser the most visits, in our opinion, they can pretty much write their own ticket within the Indian market. And based on today’s response with the stock’s chart, it appears other investors agree. WBTO is up nearly 20%, trading at $1.40 after closing at $1.17 on Friday. The rally seems to be threatening a long-term resistance area around $1.60 too, so we feel this chart is well worth watching now, if only to see if this short-tem move materializes into anything more.

For more on the news, click here.

What a past four days for On The Go Technologies (OTCBB: ONGO)! After closing at 37 cents on November 28th, the stock rallied up to the current price of $1.06. Folks, that’s a 186% gain, and it happened on some of the best volume we’ve ever seen for ONGO. And here’s the kicker……there’s no news behind the run-up (at least none publicly available).

Our thoughts? There are very few certainties in life. The same goes for investing. However, there is one thing we can say with a little confidence about the stock market, and that is, everything happens for a reason. It’s not always a reason we like or understand, but it’s a reason nonetheless.

In the case of On The Go, the reason isn’t clear yet. But, it doesn’t change the obvious - somebody now wants ONGO shares in a pretty big way. Given the degree of gain in a short period of time - as well as the big trend reversal - we think On The Go could finally be getting some bullish traction. We expect the reason for the move to come out later. For now, we don’t want to get bogged down by the ‘but why’ game, as it might get in the way of capitalizing on an opportunity.

With that being said, we have a handful of thoughts on the chart.

First, although not foremost, the cross back above the 20 day moving average has been impressive. With the exception of October’s surge, the 20 day line has been resistance of late. We’d be even more impressed with a cross back above the 50 day line at $1.60, provided it can actually stay above that intermediate-term moving average line.

We’ll also add we don’t necessarily feel now is a great entry spot, unless you’re a speculator who understands these charts have a lot of downside potential to go with their upside potential. (It could be a great entry spot - we just can’t say for sure yet.) We will add, however, that we think this is what the beginning of a long-term recovery could indeed look like. In our opinion, this recent chart merits a closer look; we’ll be watching to see exactly what develops, as we think it could be some much-awaited relief for those who stuck it out. Be smart, as always. 

Sometimes, it just takes a spark to get a stock going. That’s what we think about Clearly Canadian (OTCBB: CCBEF) shares anyway.

On November 10th, we mentioned the possibility of a triple-bottom being made on the CCBEF chart. The $2.10 area was the approximate support zone we were honing in on, as the downtrend at the time looked like it was slowing as the stock fell towards that level. On November 16th, a low of $2.00 was made. As of yesterday - nine days later - the stock closed at $2.73….a 36.5% gain that broke some key technical barriers along the way.

We think the break past the 20-day and 50-day moving average lines may be even more impressive than the size of the move itself. Why? Because both had been resistance (at some point) since August. 

Of course, that’s not to say we feel $2.73 is the right entry spot either. Maybe it is and maybe it isn’t. As attractive as this rally makes CCBEF shares, we also feel the stock may have gotten a little ahead of itself. Stochastically, it’s overbought, and there appears to be something of a ceiling around $2.80….the last four daily highs were between $2.73 and there. If Clearly Canadian shares are destined for bigger and better things, then the stock will at least have to get past that line first.

All the same, the bullish move has been solid and - in our opinion - merits keeping an eye on. We feel a decent pullback may offer an optimal entry opportunity, provided we see some support from the key shorter-term moving average lines like the 10 or 20 day averages (not shown) on any dip. On the flipside, if we see that $2.80 level breached, we’re not so sure there will be an opportunity to buy on a dip….it could potentially accelerate the already-strong trend.