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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

6/17/14

Giga-tronics Inc. (GIGA)

The diamond of the day is Giga-tronics Inc. The company's stock price exploded after receiving an order of $2.4 million for its precision scalar analyzers, which record precise power measurements. Giga-tronics hopes to send out the equipment within the next 6 months. Due to this large order, Giga-tronics almost doubled by noon, and reached a 52-week high of 4.78 after skyrocketing 85%. This marks the second time within the last month that the micro-cap stock has doubled, leaving investors puzzled yet excited about the future of the company. Giga-tronics also has an earnings release in just under a week, so it could be a very volatile road ahead.

Ring Energy, Inc. (REI)

Ring Energy, a company focused on the development and exploration of the production of oil and gas in Texas and Kansas, is today's dog. After announcing its definitive agreement to issue 2,000,000 restricted shares of the company's common stock for $15 per share, the price of the stock fell to 17.32 or down 10.68%. Along with this, Ring Energy established a new senior secured revolving credit facility with SunTrust Robinson Humphrey, Inc. This agreement allows the company to have an initial borrowing base of $40 million. Ring Energy had just reached a yearly high of almost $21 after reporting earnings just below analysts' estimates, but looks like it may lose some steam after these announcements.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.