When is Good News Bad?
When the bull market was running at full steam, investors routinely reacted to good news and
positive market upticks with increased buying...which of course, added more fuel to the fire.
Since the market has corrected itself over the last year, we have seen a new phenomenon creep
in...selling against good news and positive market movement. There are investors and short sellers
out there who simply wait for positive economic news to bolster the market, then sell into it. Many
analysts have cited this trend as one reason market rallies have not been as sustainable as in previous
times.
On the good side, when the Nasdaq was at 5,000 and the Dow over 11,000, most market analysts
agreed the market was overbought and that a correction was due...though anyone who claims to have
accurately predicted the magnitude of the correction isn’t talking right now.....
...now analysts are saying the market is oversold and a correction is due...to the upside!
Now let’s see if anyone starts selling into that good news!!!
This Week on Emerging Company Report:
Hollywood, CA-Emerging Company Report is the nationally syndicated television program profiling
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with the CEOs, insights into their operations and outlooks for their futures.
Featured companies on this week’s edition include;
CEO Vince Vellardita of ValCom, inc. (OTC-BB: VCMI) appeared via satellite from Frankfurt,
Germany and described his company as being engaged in the development, financing, and
production of entertainment content for the worldwide audience. “We own 30 acres of land located
on both the east and west coast” he explained, “and approximately 300,000 square feet of
commercial buildings, which consists of ten film and production sound stages.” Valencia has
contracts in place to utilize the sound stages for the hit CBS series ``JAG'' and other clients include
Warner Bros., Universal, MGM, HBO, NBC, Twentieth Century Fox, Disney, CBS, Sony,
Showtime, and the USA Network.
Anthony Lapine, CEO of Semotus Solutions, Inc. (AMEX: DLK) appeared on the program from the
Fifth Annual Emerging Growth Institutional Investor Forum sponsored by Sidoti & Company, LLC,
where he was giving a company presentation.
Gifford Mabie, CEO of Maxxon, Inc. (OTC-MXON) announced on the program that his company
has entered into an agreement for the initial manufacture of 100,000 of its safety syringes.
Garry Anselmo, CEO of Silverado Gold Mines, Ltd. (OTC-BB: SLGLF) appeared on the program
to announce the U.S. Senate's Energy and Natural Resources committee Chairman expressed
support for Silverado Gold Mines’ initiative, to have its Alaskan mill refitted for the production of a
new fuel oil substitute, based on the low-rank, coal-water fuel process.
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