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Small Caps: CRNT, AFSI, SOL

DannyUpshaw posted on 10/20/08 at 06:02 AM


CRNT are one of my favorite small caps.  They have cash on hand, no debt, and a 35% growth rate.  They missed earnings by a few cents, and the stock dipped to $4.34 from around $5.00.  Since hitting $4.34, the stock has rebounded to $5.53 in about three days.  That's about a 20% gain in the span of a few days. Since they *missed* earnings, I'm not sure why they've had the heavy run up recently.  Perhaps some big organization is buying. (?)  They were even downgraded this morning by "Oscar Gruss" (some investment firm I've never heard of) and are still up 12% so far today.  Maybe they're just following the market, but a 12% gain?  ...they barely missed earnings, but reaffirmed growth rate. 

Other small caps with good fundamentals that I'm trading: AFSI, SOL.

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Posted by DannyUpshaw on 10/20/08 at 06:02 AM

Tag It | 1 user tagged it: CRNT, afsi, SOL

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corbinb2

Member since: Nov 07
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Trades 76
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Age: 40's
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corbinb2
Posted October 20, 2008 (06:10AM)
I guess the point is don't look a gift-horse in the mouth...lol
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TheProfessional

Member since: Oct 08
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TheProfessional
Posted October 20, 2008 (06:21AM)
What do you think is going to happen wiht GM?
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spshapiro

Member since: Apr 06
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Posted October 20, 2008 (03:59PM)
As you may know Danny, I held SOL over this passed year and traded its options 7 times.  I believe that in the short run their fortune will be tied to the solar market in general.  In the long run, I believe, they will be a survivor.  At a price of 7.80 you are certainly looking at the low end of its 52 week range 5.85-29.48, but this is an extreme market, at the same time probably a good time to expect a turn, i.e., end of Oct., right before a national election, after a good pounding.
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