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This was a week I have been waiting for a long, long time.
Oil prices plummeted over 15%, and are now trading below $43 dollars.
That is a major relief in my opinion, and it is mostly the result of warmer temperatures in the Northeast. Thank God for that.
Sadly, the positive news came to a halt when it was announced on Friday that job growth was again weaker than expected.
The Labor Department said there were 112,000 new jobs in November, far less than the 200,000 Wall Street expected. Furthermore, blockbuster gains in October of 330,000 were adjusted down to 307,000.
These economists have been wrong about jobs every month. They should stop speculating in my opinion.
Nevertheless, the market went on to move much higher because of bullish news on the oil front. Both the Dow and the Nasdaq composite continued their ascent.
In Micro Cap, I had some great selections come to fruition.
I picked ProCyte (PRCY) a couple weeks ago citing that the company had assets that were worth more than the $1.02 price it was trading at.
It was bought out by PhotoMedex (PHMD) for $1.49 a share. I told members to take profits of this week. A 35% gain is nice on any occasion.
Hythiam (HTM) continues its move higher, and Law Enforcement (LENF) is now up 718% since my call back in the summer.
Small stocks are back in style again, and I shall pick another great company this Friday.
President and Co-Founder
Chris Lahiji will be available to take your questions until Thursday, December 9. Please use the form below to submit your questions.