Micro Caps Leading The Bull Rally
There has been something going on in the stock market for the last month, which is renewing
enthusiasm that the year-long bear market is indeed over!
The rally in the micro-cap companies sector, the kind of companies we talk to and about here on
Emerging Company Report, have been leading the broader market rally, with some small stocks on a
rocket ride up.
Because of the low prices of many micro-cap stocks, larger positions can be taken by investors with a
lower amount of risk capital. This is fueling some momentum-buying frenzies like those we were
seeing 12-18 months ago.
Some wall street analysts think the micro-cap rally reflects a bullish attitude towards reborn
risk-taking, which could spearhead a move towards a broader and longer lasting recovery. They are
quick to point out that most bull markets have initially been led by the smaller stocks.
So are the bulls taking baby steps with the small stocks, beginning a broader rally? We’ll have to see
if the micro-cap upward moves start a fire in the major issues, but it will be interesting to watch
nonetheless.
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Featured companies on this week’s edition include;
Cameron Chell, CEO of Chell Merchant Capital Group (NASDAQ: CHEL) described his company
as a small-cap buyout firm in the business of applying new economy technologies to new and
existing businesses. “Our goal is to build or transform the businesses,”
he explained, “through the introduction of our proprietary ASP (Application Service Providers)
technologies, to compete and dominate a market space and create wealth for shareholders”.
CEO Sheila Bednar and VP of Sales Shirley Bartz of experiencenet.com, Inc. appeared to update their
company’s progress; the company brings corporations and experienced professionals together to fill
employment needs.
CEO Vince Vellardita of ValCom, inc. (OTC-BB: VCMI) appeared on the program with news of a
joint venture with AN-teve Television Network in Jakarta, Indonesia, a broadcast television network
that has a reach of 49.5 million households.
Marc Oppenheimer, CEO of Crystallex International Corporation (AMEX: KRY) spoke of the recent
increase in gold prices, adding “We have increased our gold production and revenue significantly and
have produced eight consecutive profitable quarters during one of the toughest gold markets in recent
years.''
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