Spicy Pickle® Fast Casual Restaurants (SPKL.OB) Looks Good
Spicy Pickle® fast casual restaurants (SPKL.OB, http://finance.yahoo.com/q?s=spkl.ob) appears to be another good penny stock to trade, see http://stockcharts.com/charts/gallery.html?spkl. I just found out about this stock via e mail. It's possible that average daily volume might dry up, but, this is a very fast growing franchise, so, volume should increase, or at least dollar volume should increase.
As labeled (price points are labeled) in the chart (see http://stockcharts.com/charts/gallery.html?spkl, SPKL.OB, http://finance.yahoo.com/q?s=spkl.ob) SPKL.OB recently hit a monthly cycle high at 1.24, then did a Wave A down to 0.92, did a countertrend Wave B up to 1.12, and, the final Wave C downcycle of the Elliott Wave ABC down up down monthly downcycle should bottom at 0.75ish, give or take about a nickel.
Spicy Pickle® fast casual restaurants are apparently in the top ten fastest growing franchises, see http://www.spicypickle.com/. This might be a great investment for a few years, do your own due diligence, see http://biz.yahoo.com/iw/070927/0307962.html for more info. I don't recommend stocks and none of the trades I discuss are trade recommendations. I provide market timing info and some economic/fundamental analysis as well as some thoughts regarding social matters (like the weak minded clueless gold pimps who're always bullish).
Cycle trendlines/channels used in concert with Elliott Wave patterns and gaps are the basis/crux of "Trade the Cycles." "Gaps action" is very important.
If one decides to trade volatile stocks/ETFs obviously paper trade for a while or trade very modest positions at first.
....... http://www.JoeFRocks.com/ .
As labeled (price points are labeled) in the chart (see http://stockcharts.com/charts/gallery.html?spkl, SPKL.OB, http://finance.yahoo.com/q?s=spkl.ob) SPKL.OB recently hit a monthly cycle high at 1.24, then did a Wave A down to 0.92, did a countertrend Wave B up to 1.12, and, the final Wave C downcycle of the Elliott Wave ABC down up down monthly downcycle should bottom at 0.75ish, give or take about a nickel.
Spicy Pickle® fast casual restaurants are apparently in the top ten fastest growing franchises, see http://www.spicypickle.com/. This might be a great investment for a few years, do your own due diligence, see http://biz.yahoo.com/iw/070927/0307962.html for more info. I don't recommend stocks and none of the trades I discuss are trade recommendations. I provide market timing info and some economic/fundamental analysis as well as some thoughts regarding social matters (like the weak minded clueless gold pimps who're always bullish).
Cycle trendlines/channels used in concert with Elliott Wave patterns and gaps are the basis/crux of "Trade the Cycles." "Gaps action" is very important.
If one decides to trade volatile stocks/ETFs obviously paper trade for a while or trade very modest positions at first.
....... http://www.JoeFRocks.com/ .
posted by Joe Ferrazzano at
12:16 AM
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