Seems to me there are signs of a blowoff right now. Small caps I am watching and like are getting their due but MORE than they should be!!!
Merisel MSEL was a turnaround play, far from out of the woods yet, but it has moved from $2 to well past $4 in six weeks, a huge increase considering impressive debt and a pretty lukewarm deal on the table which would have control of the company handed over to a lender in exchange for a loan.
Focus Enhancements FSCE has tripled in the past six weeks. Neat company, now FULLY priced.
Cybercash CYCH, given up for dead, has doubled off its bottom of around $11.
CPCI, a favorite of mine, has broken through its resistance level of $17 and could wind up with a 100% gain on the year before all is said and done. This is nice, but WOW what kind of numbers is that Russell 3000 going to put up by year end? Or will we make it to year end before the big one hits?
Yes, many of the small caps were undervalued. But we're seeing 100% +++ gains in stocks that have limited prospects...and 200+% gains in the high flyers like YHOO...all in a few weeks...
It seems like not only are the 'pigs' going up, but also the "hidden gems" that you figured would stay hidden, and even 'bankruptcy plays'. Nothing is immune. Everything goes up. Except for companies foolish enough to put actual revenues and sales information in good news releases. Those stocks go down. (APCC).
Yahoo continues its exponential rise. Feels like the euphoria is full swing...but there is an underlying paranoia to all of it. |
