The Rare 10 Bagger Initiation
The only thing more rare than a 10-bagger in the stock market? A Street analyst suggesting that a stock will be a 10-bagger. Yet,...
Darkest Before The Dawn? It’s Pitch Black Right Now
They say that a definition of a gold mine is a piece of land with a liar standing on it.
This generally plays out in...
FED Cuts Rates…Micro-Caps Should Benefit (Eventually)
This past week, the FED cut interest rates by 50 bps. This was likely the least unexpected rate cut in history, yet stocks took...
There’s a Bull Market Somewhere
There are times when I have high conviction on the market. This is not one of those times.
Twice in the past month and a...
Take Two Aspirin and Call Me In The Morning
This week the market got the flu. Unfortunately, so did I.
Perhaps the best way to deal with a weak market is from the sick...
September Morn
This weekend I'm heading up to New York to watch the US Open. It's my first time going and I'm super excited. Albeit a...
Go Time! It’s All About Execution
The dramatic turnaround in the market after the swoon in early August continued this week with the indexes all making strong moves higher. For...
What Does It All Mean?
In the last two weeks we have seen markets collapse, only to rapidly recover lost ground. The spike in the volatility index was indicative...
No Respect
Rodney Dangerfield made a fortune out of playing the role of an underappreciated comedian. Famous for the line, "I get no respect," Dangerfield's skits...
Taking Chips Off The Table…
If you watch Texas Hold 'Em on TV, it's exciting. Lots of great hands, crazy bluffs and big pots. The game is exciting and...
Russell 2000 Powerhouse? The Underdog Climbs Again!
Small cap stocks continue to put in a great rally, one that was long overdue. This past week saw the Russell 2000 gain 3%...
Gold Continues to Shine
An interesting week in the markets as the shooting of Donald Trump's ear caused, at least at first, a continuation of the rally we...
Close the Gap!
What a week in the TW universe. It started out slow with more of the consistent, across the board selling that has come to...
A Tale of Two Tech Companies
With the first half of 2024 now in the record books, it was certainly one that microcap investors would love to forget. The large...
The Roller Coaster Ride Continues Unabated
This week the action in IN8bio (INAB) pretty much sums up the last couple years for growth focused micro-caps. The stock made a nice...
Mind the Gap…Micro Performance Continues to Suffer
This week we had a chance to interview Dr. Harlan Weisman, the CEO of TFF Pharma (TFFP). Dr. Weisman related the current travails at...
Cautious on The Market
For pre-revenue companies, times are tough. Funding remains incredibly hard to come by and, for those who display any weakness, the markets are simply...
June Gloom
In San Diego, one might think that June would be one of the best months for weather. You would be partially right. Almost every...
It’s Getting Hot
This weeks newsletter comes from the Valley of the Sun. It's hot already in Phoenix, where they are currently in a stretch of 100+...
Sell in May and Go Away
In March, I wrote the following..
Markets are nothing if not forward looking. Typically, the start discounting events six months in advance. With election day...
More Chatter on Financings…and Other Weekend Musings
Last week's topic of conversation was INmune Bio (INMB) and how they had pulled off a very high quality financing. It had solid investors...
Rocky Road to Success
That explosion you heard last week was Spectra7 (SPVNF) imploding. After putting up close to a zero in revenue in Q4, they only slightly...
Ciao from Sicily! Or, beheaded in Palermo…
Greetings from Sicily, a land of great beauty, great food and great wine. It's a lovely time of year to visit here, neither too...
The Bull Market Trudges On…When Will It End?
Markets had another strong week as the bull market continues apace. I continue to be constructive on micro-caps as the relative disparity remains far...
Running in Place…It’s All About Execution
You ever have that dream where you're being chased and your feet just won't move? You're stuck in the ground and, no matter what...
Spring Is Here…Micro-caps Are Emerging From Their Slumber
Last weekend we were in Seattle visiting the kids. It was wet and cold, a very typical Seattle winter weekend, kinda similar to what...
March Comes In Hot
It was a great end to the week as March 1st brought about one of the best days TW has seen. A 6% gain...
Graduation Date
The biggest news around TW's universe last week came in a Tuesday morning press release from enVVeno (NVNO).
Topline Efficacy Data from the enVVeno Medical...
Biotech’s Next Move
On October 28th of last year, I titled my weekly newsletter, In Support of the XBI. In the next two and half months, we...
Groupthink…It’s Not Always Wrong
It generally pays to take the opposite side of the group consensus. When the analyst community all forecasts the same outcome, it's safe to...
Good News Strikes Again…But This Time It’s Different
Almost two years ago, I wrote a newsletter titled, Buy the Rumor, Sell the News. The poster child for that article should have been...
February Looms Large For Several TW Stocks
After staring at various charts, returns and other indicators, I have come to the conclusion that January was just different. Of the stocks I...
Looking Asymmetrical
It's certainly been an interesting start to 2024 with double digit percentage moves in most stocks I follow. The swings have been strong but...
Time for the Russell to Close the Gap
Stocks have started out the new year with a resounding thud. This shouldn't come as a big surprise as the first part of January...
2023 Recap, 2024 Preview and Changes to the TW Universe
As we wrap up 2023, we had an excellent conclusion to what has been a most challenging year. December was great. The rest of...
Happy Christmas
With the holiday season now firmly upon us, I'd like to thank every one of TW's subscribers. The last couple years have been challenging...
Ride The Bull
In case you didn't know, the Russell 2000 has just made it's fastest move ever from 52 week lows to 52 week highs. At...
And The Answer Is…
For those who remember Carnac The Magnificent, the answer is "management is highly confident".
Back in the dark ages of life before the internet, Johnny...
My Rally Cap is On!
The turkey hangover can last several hours or even up to a few days. You have overindulged and need to digest for a while...
The Outlook For December
I hope everyone had a great Thanksgiving. Here in Charlottesville, we celebrated with family and friends. The weather was great, the turkey awesome and...
Turkey Day is Coming…Micro-Caps Have Been Turkeys For A While
As we head into the home stretch for 2023, the markets are back in rally mode. Performing best is the S&P 500 and Nasdaq...
It’s Not A Sprint (It’s a Marathon)
This weekend is the Richmond Marathon. Billed as the "friendliest marathon", our daughter is going to be running in her first ever bid to...
Rates Cease Their Upward March (for now…)
This past week saw, to everyone investors' great relief, a much needed bounce in the markets. This was particularly true for smaller cap stocks...
In Support of the XBI
One of my mentors loved to say, "bull markets attract thieves." The point being that, any industry that was garnering investment capital would come...
Testing Support…(Not Likely to Hold in TW’s Opinion)
Last week, when discussing supply and demand, I wrote that "the landscape is tilted towards lower stock prices." That was certainly the case the...
Supply and Demand
This weekend's newsletter comes to you from Napa Valley, CA, where Mrs. Carlson and I are attending a wedding. Napa is not a bad...
Choose Wisely
I have been espousing several themes in this newsletter for quite a while now. These themes are the big picture drivers that impact our...
Time for the Little Guys to Shine…4th Quarter Preview
In college I played second row on the rugby team. Our squad was a solid group of ruggers with a core of both international...
Jumping Beans
Last week the average TW stock was down 2.8%, roughly in line with (or slightly better than) the overall market. As a group, the...
Meaningful Catalysts
This week the heat finally turned off here in Charlottesville with temperatures coming down from the 90's to a more reasonable level. Despite school...