ERIC, HDSN – Mobile World Congress Barcelona

There are lots of large caps presenting here, I am specifically searching for small cap, publicly traded companies.  So far I have found HDSN and ERIC.  Will update daily.

Mobile World Congress is a big event, where hundreds of companies converge to the same location and present overwhelmingly positive information throughout the event. Additionally, there are tons of attendees, many of which are potential investors just looking for their next big thing.
Within the event you find lots of companies with large market caps, who don’t tend to move with rumors as much. But you also find plenty of very small companies who will likely release their own PR about attending the event, and they will benefit from any PR the MWC puts out itself. Also, it is important to note, that at the MWC companies often present brand new products and sign new contracts, so there is a lot of real news that can be generated from this event.
Runup Traders (who prefer to buy the rumor and sell the news) have lots of things to look at for events like this. Smaller Cap companies who are in a bit of a sell-off in the month before can start to see some big reversals as PR starts coming out and traders start to position themselves into them.
Keep in mind that just like traders, management of these companies are in the business of “buying low and selling high.” As in, if the stock price has suddenly doubled for a company that has a need to raise money through an offering, they are highly likely to drop an offering. Years ago WATT was in need of cash and they saw their stock price double in the month before the event. Two days after MWC was closed they dropped an offering. Short term traders might have been upset by this, but it was the right thing to do for the company and the Long Term shareholders appreciated that they were diluted by half as many shares as it would have taken the month prior. The point of this paragraph is to say, beware the risks of playing with small cap stocks and if and when profits appear, its never wrong to protect them!