As part of my educational series on FinancialRebel.com, I felt it was important to define microcap stocks.

Microcap stocks aren’t defined well at all. Even the SEC (U.S. Securities and Exchange Commission) does a poor job at telling investors what a microcap stock actually is.

According to the SEC’s Web site, a microcap stock is for a company with “micro or low capitalization.” And if that’s not vague enough, they add that a microcap stock is usually for a company with “limited” assets.

Still confused on what constitutes a microcap stock? You’re not alone.

Last week, at Six Flags Kentucky Kingdom, a teenage girl suffered an injury while enjoying the Superman Tower of Power ride. Evidently, a cable snapped and caused the injury.

It didn’t take long for the stock to pullback on the news. Friday, Six Flags (Symbol: SIX) closed down 3.84% to $6.26. It had been as low as $6.22 on the day and trading volume was more than double its three-month average (4,336,400).

Wi-Fi was so yesterday. There’s a new network on the horizon and it’s called WiMax. Wi-Fi currently works in certain areas and speeds can be limited. WiMax will change everything.

Forget about your local Starbucks or bookstore being a hotspot, how about having your entire city being a hotspot? WiMax will allow you to use your laptop, phone, whatever anywhere at anytime. And the speeds will destroy DSL and 3G.

I’ve got a basket of stocks that you need to think about.

Open up almost any real estate investing book that’s about buying raw land and you’ll be told that you should never purchase land without seeing it in person first. Buying land without doing lots of in-person tests and homework is called foolish.

This is exactly the rule I broke when I first got started in raw land investing for my real estate investing portfolio. And I made a killing.

Ford (Symbol: F) has been a declining company for some time. Over the past few years, it’s become even more evident as sales of their bread and butter vehicle, the F-series truck, have fallen—and show no signs of improvement. The stock closed at $8.86 on June 20.

With gas prices showing no signs of a pull back, many consumers are looking for vehicles with good to great MPG numbers. Many are moving away from trucks and S.U.V.’s.

Recently, United American Healthcare (Symbol: UAHC) was touted on TV as a stock to own. Through the magic of TV promotion, the stock has risen roughly 10% since then. But, is this really a stock to own or is the increase just typical temporary fluff?

UAHC has rebounded from its 52-week low of $2.77 and is now being traded at $4.74—as of close on Tuesday, June 19. It’s currently at an astounding P/E ratio of 59.3.

On June 29, Apple’s iPhone will finally be unleashed on the public. While it’s a potential homerun for Apple, is there a play to be made on AT&T (Symbol: T) or will the stock experience a pullback?

Recently, I’ve heard many stock traders touting AT&T. According to them, the stock is a “can’t miss” play. For those in the dark about why I’m talking about an Apple product and AT&T, let me explain.

AT&T, which bought Cingular, has a contract with Apple to be the exclusive service carrier of the iPhone. The actual time frame isn’t known, but most experts believe it’s a five-year deal.

There are a slew of companies due to announce earnings next week. One to watch for Monday is China Medical Technologies (Symbol: CMED). They will announce at 6 am EST. Their EPS is $0.31.

Here’s a listing of the companies due to announce earnings this coming week (June 18, 2007 – June 21, 2007).

Last night I was watching “On the Money” on CNBC and they had a piece about GPS Industries (Symbol: GPSN.OB), who makes a golf GPS system called the “InforemerHD.” The system looked polished, and I think it’s something that will continue to grow.

If you’re looking for a low-capital highly speculative play that might pay off, this just might be it. After doing some research into golf GPS systems, I learned that GPS Industries is 3rd in golf GPS system installations worldwide. They have their system installed at approximately 100 golf courses worldwide. GPSN.OB was trading at $0.11 per share on June 15.

Yesterday, I was venturing through various online stock communities and a few people were touting Revlon. They were saying that Revlon (Symbol: REV) could double. I decided to look into the stock.

As of today, Revlon is trading at $1.36, which is attractive for investors with very limited capital. However, this stock is going nowhere fast. Revlon’s 52-week high is $1.41 and that’s about where you’ll see it a year from now, because the company has no growth.