Tony Locantro, stock market commentator and investment manager at Alto Capital, shares his insights of the week with Proactive Investors.
Locantro has been in the financial services industry since 1998, finding a niche in identifying high-growth opportunities in the resource, biotech and industrial sectors. He has carried out a number of IPOs and capital raisings, and provides on-going support for companies and investors.
"What I find is, if you're willing to look for the small caps before they're covered, you can get excellent returns... high risk, high reward, that's the way I look at it; I look at stocks which might have 30-40% downside, but you've got the multiple upside. I think humans are programmed to buy high and sell low, so I'm just trying to reprogram my clients into finding these stocks that you can make a lot of money of," says Locantro.
"We came into 2018 with the craziest two weeks I've seen since dot com, and this was extended to milk powder, medical marijuana, lithium and cobalt... what's happening now is it's just going to become a normal small cap market, where you have to be able to pick stocks and be able to hold them... I recommend that people pick the quality small cap companies and start reading their quarterly reports," explains Locantro.
Watch our video interview to discover the specific commodities and companies Locantro is currently recommending.