November 12, 2009

Small-Cap Stock MSN

Emerson Radio MSN is still doing very well and just reported second quarter results which were pretty good from looking over the press release. Quarterly revenue wasn't that great but overall on the year they are doing well. The stock only has a market cap of about $50 million and being a small-cap this size there probably isn't a line of institutions ready to pile on. I think it could continue to trade higher slowly though as it has all year.

In the next couple days though I think it could pull-back toward the upper bollinger band like it did after the last huge pop.

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full disclosure:no position

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