Wednesday, December 26, 2007

It's raining dividends!

Tis' the season after all... but it seems the CEO's are full of cheer (or is it profits?) as the announcements of dividends over the past few days for this week just keep rolling in.

  • (LLL) posted "a tad short" of expectations with a healthy $L0.097760 dividend on 23rd. Nothing to whine about there!
  • (LEM) also rewarding investors (apart from fantastic gains over the last month) with a $L0.045 and a bonus $L0.015 for a total of $L0.06 on Jan 3rd. Keep your ear to the ground on this one!
  • (FAG) steadily improving and the dividend announcement of $L0.08 on top of the high price is showing many of the others up with it's continuing $L0.02 weekly dividend on top!
  • (CAR) has a pending dividend for Saturday 29th of $L0.025
  • (MAI) continued it's regular dividend and actually decided on an early posting of $L0.02, keep your eyes out for the report
So, will the jolly sentiments continue? Let's hope so!
We will endeavor to get the complete report out for you all shortly, but until then, here is a quick round up of the 'movers and shakers' as she says:
  • (HCL) Not fairing so well over the festive period with investors dropping the foundation stock and today it's right down at $L0.90
  • (SIM) plenty of action on this with today and the 23rd seeing all the action and making waves around the $L1.02 point, which is good news for the stock.
  • (WTF) has slowly but surely collapsed and hit $L0.02 bids today!
  • (MYT) playing pump and dump seeing the light breaking the $L0.04 mark only to rush out the door with a big drop of $L0.03
  • (LLL) Has continued to fall since the SPO and has been flicking between $L1.79 and $L1.90 over the last 4 days
  • (AMI) early interest on 23rd with over 100k of shares moving at $L0.39! Massive interest
Enjoy yourselves all,

Logansan Oh
- CEO, Chairman

Thursday, December 20, 2007

Can I get a 'sigh of relief'?

Market swayed upwards today, influenced by the heavyweights. Volumes began to return on the mid-week hump (how long was SL down this time!?) and people started to hone-in on lingering bargains from the last few days. Today's market shakers were: (ALC23.1%), (AMI-7.1%), (AMS-20.0%), (HCL21.6%), (SIM-16.5%), (WTF-33.3%) and (CAR2.5%)

  • (ALC) has been quiet for so long since it's less than expected growth and income, but rose from the dead today to post some amazing ranges with lows of $L0.66 and sitting vicariously on a high at the moment of $L0.80
  • (AMI) in the news again, this time with a great surge early today, only to land below yesterdays slump to close down at $L0.26
  • (AMS) still flipping around and getting someone some green, dropping most of yesterdays profits to sit restlessly on $L0.08
  • (HCL) subject of some traders today, seeing a good average and some healthy gains, up at todays high of $L1.18
  • (SIM) Shaun Altman (19.77%) struck again, dropping 130k of shares onto the floor (and some happy 'camper') as the stock suffered falling to $L0.66
  • (WTF) only moving due to hard-line spread trading, the 'fraud-fund' penny-stock fell to it's lowest levels on solid trades hitting $L0.02 today
  • (CAR) continued it's run of positives clocking a slight gain up at $L1.63
Recommendations - Well, people are finally coming to the party on our recent picks (is it insider trading if I have some too? Well, I haven't, like i said before "I own 10 of each stock for reporting purposes")
  • (SIM) might be too late, but if major shareholders want out so quickly, I wouldn't be surprised if more of these bargains popped up. (Check out Logansan's report on SIM)
  • (AMS) (I don't need to give you the disclaimer again..) watch for movement south before jumping on for a 30-40% ride!
  • (LEM) I would watch for anyone profit taking from the last few days of advances. This is one to catch before it drives over the $L2.00 mark
  • (WTF) Need I say it...
Is that a red suit in your pocket?
SW

Wednesday, December 19, 2007

QUIET! QUIET, QUIET QUIET!

Middle of the week weekend again as volumes dropped below half a million trades. The market took a major downturn early in the day only to pull some of those losses back to finish on average down 7%. The penny stocks barely moved and the popular stocks from earlier this week were the only ones seeing any action: (AMI-20.0%), (AMS66.7%), (HOT5.0%), (LEM21.1%) , (RDX-33.3), (SLW-2.9%) and (CAR4.6%)

  • Action Mortgage and Investment (AMI) dropped back to it's bottom line position today at $L0.28
  • A.M. Sportsbets (AMS) still not releasing any news and still tempting punters on a quick buck, picked up where yesterdays drop left off to recoup the losses and strike the $L0.10 mark
  • Kush Islands (HOT) hopping around all over the place today seeing a low of $L0.80 and attracted many of the Christmas shoppers as the price quickly recovered to hang around the $L1.60, closing the day on a very unstable $L2.10. I expect a few more moves before the day is up!
  • Lemur Invest (LEM) Sent out a positive sentiment today on the future and current standing of the House of Derivatives. The market was obviously interested and the underpriced stock picked up steam to end on $L1.55
  • Redux Technologies (RDX) struggling in many areas (including the numbers!) and jumping around with (HOT) today hitting a low of $L0.60 and highs of $L0.98 to close down at $L0.66
  • SLWizards (SLW) began the tough road of post-SPO with some improving volumes and a small loss to hit below the SPO price at $L0.99
  • MH Motors (CAR) still proving itself as the bucker-of-all-trends, saw very healthy trading today (over 50k traded) and managing to keep the movement facing north up to $L1.59
Recommendations - With the market dropping to this months lowest, there are bargains all around the place.
  • (AMI) If you have been following the motion on this one, it's heading towards the trigger of BUY @ < $L0.26
  • (AMS) as I stated before, high risk due to no announcements, but if you had followed the waves, the profits would be yours
  • (LEM) Trading well below NTA, positive news from Casper and plenty of room for movement (upwardly), this is a BUY @ < $L1.50
  • (SKY) Watch for movement off the spread, move on the low with anything under $L1.40 a BUY
  • (LHH) This one needs a little more explanation, a derivative is an instrument (a stock we will say) that is based on (derived from) another fund/stock or similar (basically, it can be derived from anything with value, monetary or otherwise). This particular derivative is based on the price of (HCL). It has reached the top or barrier price now, so the guaranteed return on this is a minimum of $3.67 per share!! So having said that, it seems the spread is where to make both profit and find the bargain for this longer term return. Definitely a BUY @ < $L2.50
The silly season is upon us!
SW

Monday, December 17, 2007

How much bad news can we get in 1 day?!

Well, if anyone saw front page news today, seems the credit crisis barrels are leaking their toxic waste into the generally crystal clear blue-chip waters with $50bn knocked off the market...oops, that's RL!
Sorry, in SL news today, another delisting (REZ) following on from the announcement that (KJL) was permanently halted. Rezzations had not released an announcement for over 60 days.
The Rock insurance detailed their plans to begin honouring the covered shares of Kejo Land Group. Delicious Demar wrote that her hope had diminished that Kejo Merlin would honour his commitments on the land sales, which would result in a substantial (715k) loss for DDE for the month.
The market was lead down as sentiment followed and only a few bucked the trend.
Let's take a looksy at the woes today: (AMS-40.0%), (DDE-8.3%), (HCL-1.0%), (HOT-13.4%), (PFW13.8%) and (FKH-41.1%)

  • A.M. Sportsbets (AMS) with speculation this will go the way of ol' yella having not kept up it's end of the listing bargain, traders are never-the-less having some fun while it lasts dropping yesterdays gains to close at $L0.06.
  • Delicious Demar Enterprises (DDE) negativity abound with investors dropping smaller than expected gains after the SPO and some carriers possibly cautious about the impact of the (KJL) failed transfer, began the day heading towards the SPO price and at one point hitting $L2.24! The positions aren't overly convincing and last check it was sitting on $L2.75
  • Hope Capital Ltd. (HCL) obviously moving with the market in general saw some lows today of $L0.94 before clawing back to $L0.96
  • Kush Islands (HOT) was quick to respond to pricing problems and details of the CEO changeover but that didn't completely quell the markets desire for red today as the stock closed down at $L2.00
  • Parks Fireworks (PFW) began the long road back to $L1.00 in flying fashion today shrugging off the markets tantrum and posting good gains at $L0.74
  • Flying Kitten Holdings (FKH) suffered a major blow today, the heavily weighted stock seeing a fair chunk taken off it's high price, even with major shareholders increasing their holdings the losses couldn't be slowed finishing on $L5.00 even
Recommendations - My itchy brain was right to be cautious yesterday but there are a few positions now that warrant a look-in:
  • (AMS) proceed with caution - With no 'visible' assets spread amongst the market, it doesn't seem plausible for a WTF conversion
  • (DDE) has already stated the possibility of a substantial loss and is factored into the financial plans, no reason to run to the hills as such. BUY @ < $L2.75
  • (HOT) some news hit the stands soon after our report yesterday that helped calm the nerves, but no address directly of the sell-off by Rockwell? ("you can't please everybody...")
  • (HCL) all major shareholders increasing their positions the second this takes a slide is noise enough for me to want to keep my finger on this pulse. BUY, and BUY some more < $L1.00
  • (PFW) I am putting this one down to a SPEC BUY as the price should keep growing, but if the traders jumped in on the lows, they won't wait for a comfortable position before they let them go again
  • (FKH) as above, SPEC BUY at this low as the trend here is to skyrocket before tumbling again. No explanation but price fixing in my eyes! Take a look at the NTA, but don't forget to look at the last announcements...
Take the power back!
(getting excited about seeing RATM..again)
SW

Santa Claus is coming...

Well, again with the weekend flutter!
The market ended up after the weekends fluctuations. Sunday was the biggest profit take and many stocks closed their positions lower. Big news this weekend with WSE announcing analysis of current IPO's in application.
The major changes at close today: (AMI25%), (AMS-9.8%), (DDE1.9%), (HCL-1.0%), (HOT4.5%), (RDX2.0%), (SSP50.0%) and (SLW-22.5%)

  • Action Mortgage and Investment (AMI) saw major investment over the weekend as the end of the week lows were driven away with over 100k shares snapped up closing on $L0.35
  • A.M. Sportsbets (AMS) flicking like a typical gamblers luck, falling to $L0.06 earlier today only to find support in and around the spread and finished down for the day $L0.10
  • Delicious Demar Enterprises (DDE) cracked the psychological barrier of $L3.00 later today and hovered there for the time being
  • Hope Capital Ltd. (HCL) still managed to linger around the $L1.00 mark with heavy trade volumes throughout the weekend ending the day slightly down on $L0.97
  • Kush Islands (HOT) didn't look in the best shape as news of the CEO Rockwell Ginsberg considering stepping down and the last few days selling off the stock. Too obvious to be untoward, we will attempt to contact before any speculation! The stock managed a rally today ending up at $L2.31
  • Redux Technologies (RDX) with news of the 'upcoming' movements of the CEO saw some confidence in the stock but investors remained cautious (we have seen this before...) closing slightly up at $L1.01 after an early dip
  • Second Street Partners (SSP) gained plenty of ground today with major shareholder Niesh Ames increasing position to 5.04% with over 200k shares changing hands, but the CEO dropped shares without an announcement, leaving the stock poised for a move either way hitting a top of $L0.18 for the day
  • SLWizards (SLW) consistent since it's inception, found itself a victim of the post-SPO blight today with an obvious lack-of-confidence position sought by the traders sending the stock weaker with a similarly weak footing on $L0.79
Recommendations - Plenty of lows over the weekend were capitalised on but I managed to pull out the following:
  • (HCL) the note card sent out to investors of the market highlighted some very important areas for the participants and the future of the exchange. The next few months will be scorchers!!
  • (SLW) if you can snap these up under $L1.00 do it while you can, the price fixers will only loose so much..
  • (SSP) I want an announcement on this one...
  • (HOT) not one for the scary pile, another one an announcement wouldn't harm...
So, sorry about the lower level of optimism, I guess the WSE tightening has got my knickers in a knot!
See you tomorrow,
SW

Sunday, December 16, 2007

Oh what a weekend!

Well, there was certainly plenty of action around over the weekend!
This is not the weekend wrap-up (as that will come later), but I thought I would express a few thoughts and bring a few items to the markets attention:

I was having a good chat to a few of the local WSE chatters (Ivan, Sportsbets) and we joked over the validity of the SL.Oil IPO listing which was receiving votes in the application stage. A novel idea, but definitely falling outside the new listing rules. We were a little concerned that the new rules weren't being followed. Now, I'm not sure if that conversation went further, but it seems the strong-arm of the WSE came down and removed it not long after.
This seems to have sparked another market-wide sweep of conformity within the application listings.

I haven't been watching these very closely, but I wanted to put out the topic for discussion:
Do you think more analysis should/could be done on the application listings?
Would you vote for those you thought looked promising?
If yes, would you consider buying into the IPO?

I will be putting up a poll shortly and would appreciate your feedback. If enough people would like to see some more analysis, I will find a resource to complete this.

Sincerely,
Logansan Oh
- CEO, Chairman

Wednesday, December 12, 2007

Can I get a hallelujah?

Plenty of action around the regulars today and the market saw a slight gain overall for the day.
Let's take a look at these guys: (AMI-32.4%), (AMS-20%), (DDE5.9%), (HCL-10.7%), (LLL19.5%), and (SNE12.9%)

  • Action Mortgage and Investment (AMI) Not good news again as Stryker Yoshikawa (6.95%) drops more of the shares with a huge sell today of 120k at $L0.265 and closing on $L0.25 flat
  • A.M. Sports Bets (AMS) profits all over the place today (typical for this little gem) with fluctuations up to $L0.10 on reasonable volumes. Sank to $L0.02 again before closing up on $L0.12. This ain't over!
  • Delicious Demar Enterprises (DDE) completed the acquisition of (DSE) today and immediately saw major shareholders and the market jump at the chance to grab shares on the cheap. The stock closed up (finally) on $L2.86
  • Hope Capital Ltd (HCL) still suffering at the hands of traders with market investors throwing large amounts of the stock around below $L1.00. It closed down again today at $L0.92
  • L&L Land Sales (LLL) had some early volumes around the $L1.60 mark, finishing up for the day with a vicarious $L1.90
  • Sarah Nerd Estates and Mainland Holdings (SNE) well, oh tomorrow called it yesterday and we saw some followers come in and take the price up to $L0.79
Recommendations - Well, seems like I might need to start a mothers meeting before these suggestions from now on.
  • (DDE) I have been saying DDE and no one listened...the long hard road got a jump-start today, don't expect it to stop there!
  • (AMS) like a hawk! Really, today made someone (hopefully more than one..) very happy. Watch the spread and any breaks. A sure fire hit below $L0.07
  • (SKY) dropping slightly again today. Watch for a move below $L1.10 and snap it up
  • (ETC) earnings had some good numbers for November and ended slightly up on the news today. Watch for a drop to the lower spread and BUY
Well it's aaaaallllright,
SW

Monday, December 10, 2007

AMI, CAR, DDE, LLL, SLM

Definitely a day for the traders with small volumes spread amongst the market causing fluctuations aplenty. The market closed down slightly at the time of reporting, but nothing to write home about with many of the final prices not sitting firm.
As mentioned, here are the days big changes: (AMI48%), (CAR-19.8%), (DDE-9.4%), (LLL-20.1%) and (SLM2.7%)

  • Action Mortgage and Investment (AMI) looks like I spoke too soon as reasonable volumes and Kalisha Action (6.08%) continuing the buy-in, closing up at $L0.37
  • MH Motors (CAR) saw some profit taking from major shareholder Rockwell Ginsberg (2.94%) today after an extended good run slipping to $L1.50
  • Delicious Demar Enterprises (DDE) still hurting from the post SPO blues and news of a (DSE) acquisition to dilute the DDE share value. There is a resolution (which looks to be passing) currently. The price closed down early at $L2.70, but the position is not solid
  • L&L Rentals and Sales (LLL) was suffering traders blight today with small trades sending the price well below the SPO at $L1.59
  • SL Marketing (SLM) with a promising announcement today sending a positive message to the market, though it didn't quite spark the momentum I would expect with a small rally up at $L0.76
Recommendations - I'm a firm believer of NOT following the news, but simple numbers dictate the news with (SLM); less shares = higher per-share value.
  • (SLM) read the announcement and join in the fun @ <$L0.70
  • (CAR) won't last long with the current falls, if you can pick up any of Rockwell's shares, go for it under $L1.50!
  • (DDE) under SPO, this is certainly a SPEC BUY for one of the only LONG stocks proven in the market @ <$L2.80
  • (HCL) still hovering below $L1 with a decent spread to attract volumes
Keep on truckin'!
Splinkrot Writer x

Sunday, December 9, 2007

Weekend wrap and day's action

I'm number 100!! That's right, the 100th post for us and it's me (let's see how long it lasts...)
Let's get down to business. The market was up at a whole today after a strong lead from the weekend with some good volumes on the penny stocks. Friday's low close for the week was rallied consistently over the weekend and yesterday we saw the biggest drive overall. Today started sluggish as it was quiet on the news front, but that has faded across the board with some healthy gains around: (AMI-32%), (FDE-44%), (FED54%), (SLM21%) and (APZ4%)

  • Action Mortgage and Investment (AMI) was pummeled over the weekend with major shareholders continuing the sell off, quicker than the CEO could buy then back. It made the cut again today as it took a 12c sting with 14k dropped sending the price down to $L0.25
  • Four Deuces Entertainment (FDE) in the face of a changing environment and new rules (which won't apply...) investors seem to be a little cautious dumping the stock and sending it crashing down to fresh lows of $L0.22
  • Ford Eddleman Designs (FED) saw strong support today rallying to $L1.93!
  • Secondlife Marketing (SLM) finally receiving some positive news and looks to be recovering from major shareholder sell-offs over a month ago. Could this be the dawning of SLM's day? Up at $L0.74
  • Apez Corp. (APZ) Rallied some of the profit taking drops that have occurred over the last week, this stock has been see-sawing like 2 kids with A.D.D! Up slightly to $L2.50
Recommendations: I seem to be attracting a running commentary (albeit a polite one...so far!) so it seems someone is listening out there.
  • (APZ) has always been a long and is starting to prove it's worth. Could see some strong support over the coming week as it finds it's feet
  • (SIM) suffering another slip under $L1.00, step in and pick up the tail end, the dividends and strong management are there
  • (HOT) when this debuted I compared it to KJL. Now I have to retract that as this would be detrimental. A HOT BUY (sorry) at < $L2.00!!
  • (HCL) I have to agree with the news-casters I read today (don't want a media war, so let's assume I made it up, it's a common one so someone else would have seen it) and put this in the URGENT basket. WICS, the predicted northern winter masses, fresh RL investors and a maturing market...need I say more? BUY!
Here we go for a big week,
SW

Thursday, December 6, 2007

DDE, DSE, KJL, CAR, GFP

Plenty of action around the market again today, with an early flip on yesterday and a slow steady drop to a loss for the day. A huge announcement from Delicious Demar regarding (DDE) and (DSE)'s future caused waves and some pretty huge fluctuations in (GFP) sent the market indices in a spin.
As I mentioned in the title we saw: (CAR-26%), (DDE1%), (DSE-15%), (GFP18%), (SKY-11) and (SNE-11%)

  • MH Motors (CAR) Feeling the pressure of the dividend hungry market after ambiguous news about the next payment, one large sell and a small trader spot saw the price retract to $L1.61
  • Delicious Demar Enterprises (DDE) stammered around this morning only to see a 1% gain over the day finishing up on$L2.91. Not good news for (KJL) holders, but I think we all knew that at this point. Let's hope DD is right...
  • Delicious Skins (DSE) whithered with acquisition talks as investors saw the potential merger a sign of a failing reinvention. Could be the best news for the company yet? We'll soon see. The price fell back to $L0.88
  • Geyl Fapp Productions (GFP) after the early morning craziness of $L19.00, the price settled back at $L0.60. But look at that spread!! Oh dear...
  • SKY Investment Funds (SKY) saw plenty of late action today in the market with over 10k shares dropped out sending the price back at $L1.00
  • Sarah Nerd Estates and Mainland Holdings (SNE) 3rd major shareholder Stephen Zenith increased his position to 1.16% but it was in his benefit as this sent the price down to $L0.66
Recommendations - Too early to tell about a few of today's big newsmakers, but there were a few market movements worth keeping an eye on
  • (SKY) can't go past this great buy @ $L1.00
  • (MYT) I have to say, after THI and TGB were sent into the WTF, my conception of the fund has skewed and anything falling under the price of WTF is now an instant BUY!
  • (RDX) profit taking on the back of the announcement from the CEO has seen this shrink, sitting again at a BUY price of $L0.89. Would be putting this in as a LONG.
  • (CAR) purely speculative BUY if we take the positive side of the announcement that the dividends will be paid weekly...a bargain at $L1.61
Have a great weekend!
SW

Honey, how 'bout a quickie?

Movement all ‘round the market today as investors hunted down the bargains after the last few days of price increases. Some of the dormant stocks got a kick start with only 2 zero trades for the day on the entire board! The market was slightly down overall led once again by the weight of (BPV)...
Big news again today as the SPO of (LEM) and (HUI) fell onto the floor. (hey, wasn’t HUI meant to finish in a few weeks?) and just announced, the rollback of the much hyped (LCA). So I expect a few more movements after this report!!
Movers and shakers were aplenty: (AMS-53%), (DDE5%), (HUI50%), (APZ-50%) and (%)

  • (AMS) suffered another fall today halving it's price and falling to $L0.07
  • (DDE) began a recovery from the post-SPO droop ending up at $L2.89
  • (HUI) started the run back on the trade floor late today with a buck up at $L3.00
  • (APZ) Looks like we spoke too soon as the recent gains were pulled off the table closing back at $L2.34

Recommendations – I think I should be keeping these to myself, but as I’m not in it for profit (I own 10 of each stock for reporting and analysis purposes) I will seek out what I can for you all

  • (WTF) heading back towards the lower end of $L0.03
  • (SLM) fell today, try and pick up some bargains around the $L0.55 mark
  • (AMS) the ride down should stop about now, jump in and watch the green!

Until tomorrow,
Splinkrot Writer

Wednesday, December 5, 2007

New Rules for Listing

There has been a very long waiting list of companies sitting in the "application" area of the WSE since it's inception a few months back. This was a new feature added for the market to decide on the worthiness of an IPO application and not just rely on the manual process of the members of WSE. This allows far more scrutiny of the companies, the CEO's and the business plan.
Not many have succeeded through this process to date with MH Motors (CAR) being one of the first, after waiting around 9 months!
Adding to these new market regulatory measures is the newly announced Listing Rules that hit the market on Monday. The continuing maturing of the market is providing a much needed strength to the overall feel of the equity exchange and indeed the SL/Virtual economy.
Two points of note:

  1. The entity's main Business Activity at the date of admission must be the same as it was during the previous 90 days. - Good or bad? I have seen many companies change COMPLETELY their focus and this would just not happen in RL without a complete restructure and name change and plenty of documentation to go along with it. Not sure how this one will pan out in the ever changing world of SL?
  2. The entity's total revenue from continuing operations for the previous 90 days must exceed L$300,000 or WIC$1,100.00 - That will seriously impede the struggling stocks/companies from overstaying in a declining business. If revenue drops significantly, the usual practices have included secondaries and other activities to draw as much liquidity into the failing company before the CEO makes a run for the door. On this point, and I need much more time to analyse all the up-coming companies, I would like to ask your opinions and any of the CEO's opinions on this option and how it will effect their business plan/model.

In other news (not related to this post) I thought you all might like to see something funny:

Sincerely,
Logansan Oh
CEO, Chairman

Are we there yet?

The only way is up...baby!
Strong day on the market and gains were spread far and wide. Surprisingly not where they were expected, but the bellwethers could be just taking their time to shine.
On the roundup today we saw: (AMI-30%), (AMS7%), (HOT11%), (RDX27%), (SRI-38%) and (APZ132%)

  • Action Mortgage and Investment (AMI) Even with CEO Adonis Action buying up the stocks, there was no reprieve as Stryker Yoshikawa (13.60%) dropped over 14k shares onto the floor. The stock finished down at $L0.23
  • AM Sportsbets (AMS) rallied yesterdays losses to finish up at $L0.15
  • Kush Islands (HOT) Reignited today after a slow week closing up on $L2.32. Let's hope this is the beginning of a return to power
  • Redux Technologies (RDX) Investors must have enjoyed CEO's big words of the "Pie" as the flagging price rebounded striking $L1.03
  • Spontaneous Rich Investments (SRI) Struggling in this volatile market, posting a minimum dividend, long investors dropped the stock after receiving what looks to be a consolation prize sending the stock down to $L0.13
  • Apez Corp. (APZ) Up fantastically again with solid volumes and high asking prices as it looks to return to the IPO price of $L6.00. It closed the day on $L4.64 (Can I get a WOOT!?)
Recommendations - Now is the time! (Didn't I say that yesterday? If you had of listened to me...) Still a few lying around but get in on the 'New Offers' while they're there!!
  • (WTF) Yes, I am saying buy. Why? NTA is higher than the price, dividends should be paid, it won't break the bank @ $L0.03 (pardon the pun)...need I say more?
  • (SKY) I am with the new guy, plenty of assets, solid management, solid plans and a 7% loss on price today at $L1.15
  • (LLL) still sitting on the SPO listing...cheap cheap!! BUY BUY!!
  • (LEM) Reasonably priced SPO, Casper certainly has my vote on 'trustworthy' and plenty of assets (check out 'most' of the major shareholders lists)
  • (HUI) now, one of the best dividend histories around...another cheapy on the SPO list.
Quickly now,
Splinkrot Writer

Monday, December 3, 2007

Long time no see!!

I'm back and it's been crazy! Yesterdays late recovery fell off today and the weekends low returned. Discussions during the week around the office on DDE seem to have been pretty spot on, as it appears the day traders are attempting to manipulate the stock into a failing perception in order to capture some bargains. Luckily there have been minimal trades.
Today's biggest motions in the oceans: (DDE-31%), (HCL-11%), (PPL-17%) and (APZ%)

  • Delicious Demar Enterprises (DDE) With major shareholders still buying up and the bargains are certainly there for the pickin'. Sitting at $L2.55
  • Hope Capital Limited (HCL) well, one bellwether is down, may as well send them all off to the dry-cleaners. Down at $L0.89
  • Peoplepool (PPL) with a solid announcement today, followed most good news with a loss sitting on a lowly $L0.54
  • Apez Corp. (APZ) With SLM partnership seemingly working, solid profits and strong interest from major shareholder Skimi Mission (1.61%), the price is climbing, currently on $L2.99 with the asking values heading towards the original IPO price of $L6.00! Wonders will never cease...
Recommendations - I must say it's BUY time around the place. Anyone wanna give me all their money, I promise to keep it with my alt - Splinkrot Bank. I will provide interest on balances with the dividends I receive from all the stocks! (I'm keeping the growth - Disclaimer: Not guaranteed by anything but me)
  • (DDE) Grab anything under the SPO and pre SPO price slot of $L3.00, NTA is over $L4.00 so it won't be too long before the profits ride in (not to mention the dividends!!)
  • (HCL) Obviously no one sees the dividend in the wings, the price is back to bargain basement at $L0.89
  • (SIM) fantastic dividends return and the price is still under $L0.89
  • (PPL) good numbers and positive outlook, BUY @ $L0.54
  • (SLM) better than expected financials (hot off the press!!) obviously the Apez crossover is helping, sitting cheaply waiting buyers @ $L0.43
Trust me, I love you all!
SW

The wave slows but has it peaked?

After steady, solid rises all week, it seems the market peaked over the weekend and began to recede on Sunday. This was helped by the fluctuations in FAG (BPV) and some adjustments will need to be made to our analysis tools to allow for the recent stock split. Me thinks this plays havoc with other indices like SLQuotes as well.
Biggest news is DDE is back on the floor and as predicted, shot up with some early profit takes ensuring that it didn't quite hit the roof just yet...

  • (DDE) selling out of SPO just in time, opened with a 34% increase and I dare say when everyone gets back in later today, this will change dramatically. I've been chatting around the trade floor and noticed differing opinions on where this will go. My bet is a $L5.00 ceiling on some small trades, settling back at $L3.50 with an upwards lean. Delicious Demar even speculated a $L4.00, which is still on the cards after the dust settles...just wait until Xmas!!
  • (FED) resumed trading with profit reports and information that lead a small brigade into a huge rise as the price soared 111% to $L1.90
  • (PFW) had a lackluster weekend sinking to $L0.22 before the bulls rushed in pushing back to $L0.60
  • (SUN) still hitting the news and still for all the wrong reasons, after a stock up-split saw the price back in record territory, the profits have been removed from the picture and the price is back to where it started from at $L0.55, still, it was up 90% from the weekend lows of $L0.29!
I would have to say there is a 'bear in there', but most of you would think I am talking about a market trend and not a children's show in Australia...it's definitely anyones pick on just how the next few days play out...I say RIDE 'EM COWBOY!
  • (SIM) have both been harping on about this for a while, dividends are back, profits back and the price is steady at a low of $L0.89
  • (PFW) still suffering the traders blight, may need just one solid LONG to save the price (and calm the CEO!! haha)
See you all soon,
Logansan Oh
- CEO, Chairman

(Cosmetic edits performed - SW)

Thursday, November 29, 2007

Where are you!?

Sorry for the lack of reporting and news lately, we are still here, just busy with RL stuff. (I am changing organisations, SW is away working through strategies - fun, and VS has a RL IPO in the works) So analysis is limited to the simple charting I can gather from our tools and the freely available market information and reporting sites.

I promise to improve over the coming week (having said that, we will all be away over the weekend!!) and I have some interesting developments in the works that could pop up by the end of next week, stay tuned!

It was a pretty decent week earlier on, but has petered off in the last 2 days. Biggest news for the week is (THI) and (TGB) delistings (and conversion to WTF...) and placed into default by The Rock Insurance. There was also a halt on Rezzations (REZ), which looks to be a result of the monthly company check from WSE.
From the CEO's this week:

  • Adonis Action announced a share buy-back, which has sent the stock (AMI), already surging, to new recent highs, currently trading at $L0.58, up 16% from yesterday!
  • Hope Capital Ltd (HCL) dropped back this week below the $L1 mark, but has seen investment from major shareholders bringing the current trade to $L1.04
  • Jon Desmoulins announced some big news for (SLM) and investors returned seeing a surge to $L0.59 today, up 26% from yesterday and strong volumes > 8k
  • Tyrian Camillo told the market of unexpected growth and this weeks volumes and price have followed the trend with 13% realised today sitting on $L0.77
  • MH Motors (CAR) released it's report with some good numbers, maybe not what everyone was expecting though as the share price dropped today back to a low of $1.54 before resting on a modest $L1.96. (Me thinks 'you can't please everybody Rockwell')
I have some recommendations, but please take them with direction and not promise:
  • (DDE) - bellwether, low SPO price, solid performance history, solid dividends. I'm scared of how the release to the market will go if there are peddlers hoping for a quick pump before they drop them...
  • (SLW) Outperformed in my eyes. Strong on everything, quickly becoming one of my favourites for longevity.
  • (HCL) Long. But not a bad trade if you want to flip around the $L1.10 mark
Have a great weekend all!
Sincerely,
Logansan Oh
- CEO, Chairman

Wednesday, November 28, 2007

Market wrap - from outta space!

Not really, but Splinkrot Writer is away again and it's up to me to do the report.
Not a very happening kind of weekend as volumes were particularly low and not a lot was announced. WSE began and today finalised their "monthly check" of companies with no new HALT announced, looks like smooth sailing.
Today saw some improvement over the weekend trades with several stocks seeing movement and the market as a whole was up.

  • (HCL) traded heavily today as it dipped below the $L1 mark, finishing on $L1.04, down 14%
  • (SIM) again dropped over the weekend but rallied today to close on $L0.94, up 32%
  • (SKY) with healthy numbers on the books, still climbing at $L0.59, gaining a hearty 48%!
  • (CAR) has just continued in leaps and bounds, more than doubling it's IPO price finishing today on $L2.24 up 21%
SW will return on Friday.
Until later,
Logansan Oh
- CEO, Chairman

Thursday, November 22, 2007

Happy Thanksgiving!

Hi all, I sincerely hope you all ate, drank and put on the merry's! (that's not really a word)
Solid trading even with the holiday, though I expect it may slow a little in the coming hours. Wall St was closed today..but at least we don't believe in holidays in global land ;)
The market was actually up today after a sombre week of losses, helped on by some weaker than hoped leads on quiet stocks: (AMI54%), (AMS-70%), (BMC24%), (HOT11%), (LGO22%), (RDX-34%), (SNE-13%)

  • Action Mortgage and Investment (AMI) surged again today (I hope someone took my advice!!) with a strengthened position up at $L0.43
  • AM Sportsbets (AMS) had a shocker today with an unknown investor(s) dropping over 30k of shares down at $L0.06
  • Blumont Capital (BMC) on the other hand had a crazy day and came out on top with a boost to $L0.42
  • Kush Islands (HOT) stronger again today up at $L2.49
  • Logo Coding (LGO) also up with better than average volumes taking the price to $L0.61
  • Redux Technologies (RDX) one of Sportsbets fav's ;) saw a hefty drop today after some steady recent inclines. Back under the elusive 1$L mark at $L0.80
  • SL Marketing (SLM) rallied again proving itself a little more resilient finishing up at $L0.57
  • Sarah Nerd Land Holdings (SNE) continued it's way down, much more so today with 40k dropping in quick succession right down at $L0.50. The culprit - Tyrian Camillo, major shareholder falling off. The stock is currently sitting vicariously on $L0.60...
Recommendations - Not sure what to say except there are plenty of bargains around and we could be seeing the bulls fire up again!
  • (PFW) Can't fault this company, with honest forecasts from the CEO and solid performance thus far. BUY @ $L0.50
  • (SIM) anyone interested in a promising company...major shareholder moving on...stock going cheap!! BUY and HOLD at $L0.68. Your profit will start in the $L0.80-$L0.85 and above range
  • (AMS) really no idea what is happening here, but not much profit in the last months report really makes this company seem very small. Maybe it was a panic sell? Other investors are obviously interested as the BUY rallied from $L0.01 to a solid position now at $L0.12
  • (SNE) might be one to keep your eye on. I'm not ready to speculate either way...
Have a great weekend...let's hope it's a quieter one than the last few...as we are all away again!
SW

Wednesday, November 21, 2007

I'm a survivor! (sings)

Volumes returned again today (welcome back people!) and there were a few heads on the chopping block right from the get-go. The market was slightly down lead by some dreadful single stock moves (at least it was stronger than the DOW today!!): (AMI-30%), (ETC-42%), (HOT-10%), (SLM-24%), (SSP100%) and (GFP-54%)

  • Action Mortgage and Investment (AMI) went through a shrinking cycle today with market traders dropping out and major shareholder Stryker Yoshikawa continuing to increase position (15.73%) Down to $L0.28
  • Etopia Island Company (ETC) has a deep rift between the buy and sell and this is causing some bouncing, even with small volumes at each end. Anyone for tennis? (Just a friendly 'game'?) Down to $L0.66..no wait up at $L1.13..no wait, down...
  • Kush Islands Group (HOT) falling heavily today as CEO Rockwell Ginsberg dropped 10k onto the market at $L2.25. No announcement...???
  • SL Marketing (SLM) gets it's third mention in a row with a strong veer to the ground today dropping again as the yo-yo's string suddenly got longer...down to $L0.44
  • Second Street Partners (SSP) not one we follow closely but the volumes have been steadily increasing and fluctuations today were massive! Closing up at $L0.18
  • Gely Fapp Productions (GFP) suffering some teething problems with what looks like the rogue shares hitting the market the other day remaining a thorn in the side for the overall price. Still above IPO, so let's hope it stays over $L0.55
Recommendations - A little more to go by today but unfortunately I haven't had much time to go in-world to check up on a few people...so here is the state of play from the numbers:
  • (AMI) might continue to fall, but there is room to move up @ < $L0.25
  • (HOT) already a little late, but try and beat the traders to the punch @ < $L2.25...but I would be asking the CEO a question before I clicked 'confirm'
  • (GFP) Geyl is an active member of the SL Economic community popping up in a lot of the banking and finance reporting forums and websites with focused opinions. Why do I say this? Character building. (it's important, write that one down) I suggest at the very minimum a HOLD at this price, I see no reason for any SELLS at this stage. As this company grows, expect to see the price follow
MWAH!
SW

Final throws for Chao Mu?

Well, it seems like the last of the nails are being head-butted into the Tao Group's coffins as WSE announced earlier that it was now undergoing a decision making process to assess what to do with the situation. Not sounding good for shareholders, with WTF seeming like a closed shop as the cut-off time for delisted companies was 19th October and THI and TGB didn't have assets that could be liquidated or dispersed to bond or share holders.

I saw some comments made in forums around the place and I have spoken to a few people in-world in the last few weeks about what they thought of the situation...many, unfortunately, had come to the conclusion long ago that Chao was a dodgy character.
I am going to try and dig up all the info from the relative sources, but I would appreciate if anyone could help collaborate here by posting some links or divulging their stories. I will update accordingly. If anyone has any firm history using the "escrow" system, that he stated was going extremely well, I would appreciate this as I am unable to find 1 single shred of evidence!!

Simple facts so far:
Chao Mu was a regular with positive news announcements for his companies
September 4 - State of the Union address announcing plans (stock price began to recover)
October 21 - Announced a dividend for 1st November. This is yet to have been received
October 29 - Announced that everything was "almost complete" and there would be a dividend for both stocks in the coming weeks
November 15 - WSE halts both stocks stating a response is required
November 21 - WSE announces that the five-day response time is up

Sincerely,
Logansan Oh
- CEO, Chairman

(For the conspiracy boffins: Chao is listed as being from Austin Texas...didn't the IP resolve to Austin for the recent bank attacks? LOL!!!)

Tuesday, November 20, 2007

Is that a Linden in your pocket?

Slowest day this month and one of the slowest days I can remember. Flow on effect from the banking saga? Thanksgiving hangovers? Well, whatever it was, let's hope it doesn't last and let's take a looksy at what DID move today: (ETC71%), (HCL-8%), (SIM-14%), (SLM-34%), (PFW42% !) and (CAR13%)

  • Etopia Island Company (ETC) saw Casper's sell trigger hit and found support in the market for the promising land development company. Up today to $L1.13
  • Hope Capital Limited (HCL) suffered again today with over 40k shares dropped out between yesterdays close and today's at $L1.10. Casper again features, this time as the buyer.
  • Sienkiewicz Investment Management (SIM) investors pulled the profits off the table from yesterday as the price fell back again, this time below Shaun's sell off cap to $L0.74
  • SL Marketing (SLM) in the news again, yo-yo-ing like a few of the others, this time back down at $L0.55
  • Parks Fireworks (PFW) has had it's head held under water today and it seems it's more than the EGO that will be damaged from this as the strongest position today was around 3k @ $L0.81-5 and the current offers are a measly $L0.05!! Single trades at a high of $L1.35 could be price fixing or desperate attempts to keep the price up?
  • MH Motors (CAR) the new darling on the floor at the moment surged again with a $L0.26 gain to close at $L1.41. Go you good thing! (I don't own any CAR btw...tut tut, I know)
Recommendations - Again, not an easy one to call, but here we go:
  • (DDE) I have been meaning to say something about this, another of the markets bellwethers, selling extremely well and outstripping WTF on trades today!
  • (HCL) Bellwether, major (non-related) shareholder investment, low price...BUY!
  • (SIM) with investor confidence (or just market traders) undermining the share price, there is a very good opportunity to take up a 'cheap' position in this company if you are willing to HOLD. Logansan Oh recently conducted a report which can be found here.
  • (PFW) Why the drop? Garth? Why the drop? This is a very visible shuffling and cannot go unquestioned!!
Wake up Jeff!
SW

Monday, November 19, 2007

Everybody dance now!

Just when you thought it was safe to go back into the water...
Big news today around the banking and finance world today with major hacks draining funds and sending the media into a frenzy. (It's not usually my place to comment on these, but Logansan Oh is pre-occupied with RL, so this report also won't hit WSE till later.)
Coverage has been quite extensive around the place beginning with Lindsay Druart' s blog with one of the first announcements and with new kid on the media front (well, it's a new blog anyway) Dragon's Bite covering the other alleged strikes.
Lindsay, CEO of (LLL) on the World Stock Exchange also released a statement to alleviate pressure surrounding the connection of the two related companies. With (LLL) still in SPO at the WSE, it is uncertain if investors were actually respondent to the news.
In the markets, there were several noted movements on yesterdays turmoils with (AMI82%), (HOT2%), (PPL-29%), (SLM29%), (PFW-40%) and (GFP-99%!)

  • Action Mortgage and Investment (AMI) broke away again with moderate volumes driving the stock up to highs of $L0.40
  • Kush Islands (HOT) grew again with continued interest seeing the stock close up at $L2.64
  • Peoplepool (PPL) lost it's profit angle again seeing another drop, it's third cycle in as many days falling back to a modest $L0.68
  • SL Marketing (SLM) also rallied the weekends falls gaining $L0.19 with reasonable confidence in the upper levels of the spread sending the price to $L0.84
  • Parks Fireworks (PFW) suffered it's first blow since the last announcement from CEO Allen Parks who expressed aggravation at the markets persistence at lowering the price, with major shareholders buying in, it doesn't appear to be panic stations @ $L0.95
  • Geyl Fapp Productions (GFP) began the day on a more 'realistic' note, from the $L500 share sold late yesterday. Finding it's correct feet again, the price continued a strong run with early support at $L0.75, 1 strong buy-in at $L0.97 and again the sell price was exhausted leaving only 'significant' prices left up for grabs. Someone is making solid gains here!! Let's hope it's more than 1
Recommendations - With the market stability still settling and the big news today rattling the cage in the middle of the night, I'm not seeing any firm positions just yet. Having said that:
  • (HOT) seems to have a lot of trade volumes around the spread leaving it open for a good position take. One of the strongest @ $L2.25
  • (PPL) as stated before, lots of movement in and around the 30% mark, making it a prime target at the base of $L0.40
  • (SIM) without the ability to short sell, there isn't a clear profit run, but I am seeing a quick fall on these at the current price of $L0.86. It's not a fortified fall as the price seems to be in the hands of 1 major shareholder, who from previous indications won't let them go for a song
  • (PFW) Proving itself on the financial market landscape, 'honest' announcements from the CEO, the latest being a better than expected Financial Report for the month to 18th Nov. A bargain @ $L0.95
(look out traders...you've been sprung!)

So, here's to another sleepless night ahead...
SW

Sunday, November 18, 2007

Poised..........uh. Is that it?

Well, looks like all the damage was done by the time I got in earlier as the days trade didn't really see any other craziness. There were a few exceptions with newcomer (GFP) changing tact not long after my report: (GFP199900%!!!!!), (HCL7%), (HCB%) and (SLM55%)

  • Geyl Fapp Productions (GFP) saw major shareholder 7736237 Paine continue to increase the second highest position to 38.32%, with only 6% now in the trading markets hands, there isn't many for sale! The next open Sell is 1,000 @ $L20.00...obviously no investor wants to part with these little diamonds!!
  • Hope Capital Limited (HCL) shrugged off much of the negativity to surge $L0.08 today to $L1.21
  • Hope Capital Bonds (HCB) the topic on everyones lips, also managed some positive grounds with investors obviously siding with the bellwether (and taking Casper's weekend lead) pushing the bonds back up to $L93.90
  • SL Marketing (SLM) regathered itself off the back of the weekend with many small trades combining into a great day for the stock. Averaging $L0.55, the stock topped out at $L0.65 but doesn't show any signs of stopping
Recommendations: Well, there are 2 schools of thought at the moment and it will come down to how much risk you are willing to take. The outstanding "non-conformists" (edit: this months 'black sheep') seem to have been let go and it's ripe pickings again...so are we long or short?
  • (HCL) at the risk of being verbally punished by a flurry of anonymous nay-sayers, I will refrain from stating that the HCB's will be a good buy, but you can get the next big thing in the exchange for a LONG under $L1.20
  • (AMI) also regathered after the weekends wishy-washy trade-fest, keep your eye on the $L0.20 gaps with this being the under-performing price
  • (MAI) had a horrible weekend after being the victim of a horrific crash, I wouldn't be doing my job unless I told you that the latest announcement spoke of "negative" growth, but still a strong buy if this rattles the 'easily-rattled'. You will notice the major shareholders are swapping their stocks around, but not selling off; SPEC BUY @ $L0.66
  • (SUN) Purely speculative, but keep your eye on the breaks here, as this stock has plummeted even after the up-split. There have been some fantastic gains and profit takes, but I cannot give you an entry price cos the sucker won't stay still for long enough!
That's all folks!
SW

BACK! ..and it's all been happening!!

My trip was amazing, thanks for asking. Good to see the folks and finally get the interstate meetings out of the way.
Down to business:
It's taken me a few days to get all the updates, so sorry for the lack of a report on Friday. I'm sure there are some items I'm not 100% across, but I will try and do a few extra articles over the coming days to get them all and get back on track.
So, let's start with the weekend:
Volumes are ballooning and it seems there are a few issues around the exchange with stocks crashing out for no see able reason. Case-in-point; (ALL) fell to $L0.03 late on Friday with (AMS) and (TMA) following suit on Saturday. One theory for these drops is sabotage; the volumes are too low to cause the stock to completely crash, but they do make the market indices look rattled and lower investor confidence. One thing for sure though, if there are people out there willing to drop shares on the floor for a pittance, the smart money is in picking them back up again!
Other movements of interest over the weekend were (ALL-15%), (AMI85%), (HOT44%), (LWI880%!), (MYT-40%), (PPL55%), (RDX41%), (SIM-15%), (TMA4900%!!), (MAI-8%), (CAR-19%) and (GFP-75%)

  • Alluris Estates (ALL) came back with a vengeance to peak at $L2.46 from it's $L0.03 crash, but having suffered the most significant volumes (20k+) after a slide during the week, even $L2.00 looks too optimistic with only 23 shares traded since the low
  • Action Mortgage and Investment (AMI) has slipped around all over the place over the last few days getting right down and dirty at $L0.20 before rallying back at $L0.37
  • Kush Islands (HOT) fell back towards a week low with smaller trades getting it stripped back to $L1.80 before some solid investment at $L2.25 and currently $L2.60
  • Lemur WSE Index (LWI) has been halted at the request of Casper Trebuchet (CEO) as it went through tremendous fluctuations slipping to $L1.51 topping out at $L79.99 before being halted at $L15.00. Casper explained last week he saw some suspicious transactions on the index, so, it is little wonder he ordered trading to cease.
  • Mythlands (MYT) turned around last weeks rally to fall back into $L0.03 territory
  • Peoplepool (PPL) after going ex-dividend suffered a plunge, first to $L0.70, then way down to $L0.44 before rallying most of the second fall to sit currently on $L0.68. Volumes remain relatively low
  • Redux Technologies (RDX) was another hot-shoe-shuffler sliding to $L0.82, rallying $L1.13, back to $L0.80 and currently back up at $L1.13 again (maybe Sportsbets Writer is pushing them a little hard in the chat!?)
  • Sienkiewicz Investment Management (SIM) found plenty of support as it lost some of the ground after positive news last week. Heavy investment at $L0.79 gave it enough strength to reach up to $L0.90 before resting again back to $L0.76 with a small trade
  • Trouble Maker Approved (TMA) as stated above copped a belting with a crash price but volumes weren't high enough to cause concerns, sitting volatile on $L1.50
  • Mainostaulu Network (MAI) has been trading pretty well, seeing volumes well up to over 40k as Fridays $L0.60 triggered a BUY for many investors, driving the price up to $L0.73 as profits were taken off the table pulling the high back down to $L0.66
  • MH Motors (CAR) only just over a week old on the floor and seeing plenty of interest catching many investors with a promised and delivered $L0.10 per share dividend. Over 70k of shares has changed hands in the last day or so with prices steadily declining since the dividend payment. Starting the weekend around $L1.75, quick winners bailed out and it started the day today on $L1.10 with a small trade
  • Geyl Fapp Productions (GFP) although steady since yesterday, there was plenty of action over the weekend. Strong confidence early in the weekend also saw 7736237 Paine(37.51%) racking up shares on 17th, single-handedly pushing the price well up over the IPO to $L0.99. Some profit taking this morning with 100 shares back at IPO price of $L0.25 (edit: Sorry, I spelt your name wrong Geyl!)
There were 2 delistings over the weekend, both of which were pretty well foreseen with (ACE) and (PMI) both not conforming to announcement and financial reporting rules.
The big news on the HALT front are Chao Mu's (TGB) and (THI) which, after much speculation of whether he would pull through with the promises, appear to have gone to the dogs, leaving investors hung out (including Logansan Oh) by their unmentionables!

More details to come later today and I'll fill you in on where the openings and possible dead-ends are!

L,
SW

Thursday, November 15, 2007

** STOP THE PRESS ** WSE update on Midas!!

Well, here it is. I called it!
Supplemented with a letter from the CEO, Chairman, the announcement goes further into the details and should be the final nail in the coffin for the whole saga.
The details of the liquidation to WTFs is reiterated detailing the NTA increase due to the removal of the shares owned by Midas Commons.

One statement of particular interest, that rebuts many blog and forum entries I have read from the other side about the takeover allegations: "The WSE Traders Fund shareholders own former Midas assets not HCL or the WSE."

Open for more comments here, but looks pretty open and shut now.

Chat to you all soon,
Logansan Oh
- CEO, Chairman


ps. SW is back shortly...might even get a market overview out of her!! Fingers crossed

Wednesday, November 14, 2007

Aw momma, could this really be the end? (of Tao)

Well, I thought we were going to be in for a quiet day and the numbers started off that way but again the later part of the day determined the overall standing...Down.
Biggest news for the day just came through...and it's what we have all been dreading (no, the regulators haven't arrived to spoil the fun) THI and TGB are halted. What next...well, it's usually not pretty from here on in and with WTF cut off date passed almost a month, it doesn't look good for those holding shares. (This little black duck included!)

Elsewhere, volumes were back up and some strange price fixing moved into some unsuspecting stocks:

  • (PFW) saw great investment Garth Fairchang(7.33%) buying up most of the outstanding sell orders including 64 at $L300!! The stock steadied at $L1.59
  • (WTF) hit $L2.71 today with an investor grabbing small 1 stock buys with $WIC0.01
  • (RLX) suffered a huge blow losing 41% to fall to $L0.20
  • (HCL) possibly profit taking but most likely wobbling from all the noise around at the moment. I expect an announcement to clear the air shortly. Shrank to $L1.12 (buy buy buy as Sportsbets Writer says...)
  • (BMC) lost the nice edges it had collected recently hitting $L0.21 with a hugh 43% fall
  • (SRI) was another lackluster performer today hitting lows of $L0.20
So, the trials and tribulations continue as we head towards the perfect world. (well, the virtual one)

Ciao,
Logansan Oh
- CEO, Chairman

Tuesday, November 13, 2007

Crisis - Danger &|| Opportunity

Well, another day ending on a solemn note, but not much news to speak of. Waves are still being made from the Intlibber and Midas camps over the recent plays by WSE but it certainly doesn't seem to be worrying any investors. I'm not going to bother with the links to this as reading through the flames and anonymous comments is just a waste of time in my opinion.

It was the same trouble stocks causing the biggest drops with (SUN) falling 65% again (when will they stop!?), (LWI) jumping up 32% to $L2.00, which is a little closer to the NTA and (TGB) getting investments at $L40 before dropping back to the days open of $L30...still no news.

Other areas showing action were:

  • (BMC) up at the end of the day a whopping 131% to $L0.37
  • (LGO) up also to $L0.59
  • (LHH) saw someone dropping these drops of gold at $L4 even up 23% again
  • (PFW) dropped the surge numbers to finish back at IPO price of $L1 flat with day trades
Nothing much else going on, with (WTF) trailing in the $L0.04's.
SW is back in 2 days, doesn't really feel like she's going to have missed much!

See you tomorrow,
Logansan Oh
- CEO, Chairman

Back down we go!!

The roller coaster ride continued today as trouble stocks SUN and LWI moved indicators for the market well down, with solace coming towards the end of the day with a rally for SUN and some healthy moves elsewhere:

  • (PFW) has a spectacular recovery from the lows of the weekend with CEO Allen Parks announcing his disdain for the low end traders and Garth Fairchang (6.42%) increasing his position with the company sending the price up to a whopping $L1.70
  • (REZ) more than doubled yesterdays close to $L0.49
  • (AMS) fell into buy territory losing 24% and hitting $L0.19
  • (SNE) lost ground with a low of $L0.71
  • (TGB) just keeps getting worse and worse, with no news from Chao Mu still keeping the losses coming with a fresh all-time low of $L30! Not happy!!
So, apart from the price fixers, there was some good areas of growth and some openings for buyers. Not a bad day all-round.

Sincerely,
Logansan Oh
- CEO, Chairman

Monday, November 12, 2007

Rant was called for; Anti Money Laundering?!

Splinkrot Writer is away on RL business so I will be taking over the daily reports. I will not get into recommendations as she does but I will try and point out areas of the market to watch.

Well, the weekend was slow but regathered from it's spectacular tumble on Friday. Lead down by LWI and SUN, these stocks re-emerged on top only to accusations of money laundering!

Casper Trebuchet, CEO of Lemur House of Derivatives, announced yesterday that he thought there was something fishy going on and WSE chimed in shortly after with a warning that trades would be closely monitored.

  • LWI was down 60% early Friday and returned on Saturday with a 464% increase.
  • SUN similarly suffered a 65% loss only to creep back 17% the next day and a whopping 392% the next

In other news TGB and THI are still in decline as it appears that the CEO has gone AWOL.

Yesterday saw a rally in many of the Friday stock lulls:
  • DSE was up 22%, also on news from Delicious Demar that the skin merchant was re-vamping the brand (and "gettin nekked!")
  • FDE surged 39% to $L0.53
  • HCL gathered 4% only to see profit taking today ease it 9% back to $L1.20
  • LLL entered secondary (finally!) sending the price up 22% from last weeks falls, finding plenty of support letting over 150k go already today
  • PPL regathered 47% yesterday and still found support today at $L0.75
  • SHF surged both days up a total of 27% to $L0.65
  • SSP was the only one bucking the trend today (aside from the struggling Chao Mu's) losing 26%
  • WTF was steady on a parity of $L0.04
  • CAR regathered it's strength and continued it's strong run back up to $L1.22. Nice
So plenty of movement around and after all the commotion, the market was back to the cusp of last week.

Let's hope it can keep it going!

Sincerely,
Logansan Oh
- CEO, Chairman

Friday, November 9, 2007

Elaborations (please dont read if you hate a rant)

I need to speak, but you don't have to listen.

I have just been through a harrowing experience with the airport (SW and I are off traveling, me for 2 days, her for a week). The flight was delayed due to a hydraulics leak, so we waited (patiently) for 4 hours to be told at "re"-check-in that the plane could not be fixed and we would now be flying tomorrow morning...approx 13hrs after our initial schedule. Awesome. I'm not going into further details of how shockingly this situation and the proceedings afterwards were handled, let's just say, that was the 2 second positive overview of a 7 hour excrutiating experience.

Anyway, why do I chose here to write this? Well, because of the current state of the market. Todays report showed a definite "doom n gloom" review of the day's outcomes, but as we were about to board our original flight, we were taking one last look at the figures (hoping for a late rally) and saw the worst...the biggest single day loss since the inception of our analytics software (think Ginko crash and gambling ban...we have those numbers)

So, I am on the plane, slight air of concern (no, not panic) and discussing the potential impacts of a WSE or SL recession or the possibility of some SL or LL news that we were yet to tap into
and we were told of the unplanned disembarking and moved into the bar (of course). Excellent opportunity to recheck the markets' stats and make sure the "sky hadn't fallen in" ;)

It hadn't, there were a few (maybe 4...numbers are so insignificant at this stage and you can all scold us later for this) stocks trading slightly up and nothing much else had moved since the falls, so our slight of confidence was admonished and we both now retire for the evening in hopes of a fresh new day tomorrow.

What caused today's downturn?? WSE announcement of ATM troubles? (which is actually an SL wide issue that happens quite regularly)...I doubt it.

Open for some discussion here...as our sources around the news postings and blog-(community...I hate that other 'coined' term) were uncharacteristically quiet.

Hope you all have a fantastic weekend and if you are traveling(do Americans spell this differently to Australians? I thought it had 2 'll's?), I wish you safe and seamless passage.

Kind regards,
Logansan Oh
- CEO, Chairman

Thursday, November 8, 2007

'Punched in the ovaries' - Thanks Wil

Awesome day! If you were selling for profits...Painful day also for SLEXchange members, as the deadline for scheduled maintenance on the site passed with no more news :( The sad faces were: (BMC-25%), (HCL-6%), (LGO-25%), (RDX-4%), (SLM-42%) and (TGB-25%)

  • Blumont Capital (BMC) Announcing news of a funds management program in the works earlier this week and posting a "blank" financial report on November 3, suffered a tumble today with some interesting numbers being thrown in to confuse out analytical software. Weakening today to $L0.30 finding support later in the day to close at $L0.
  • Hope Capital Limited (HCL) turned down to face it's underlings today slipping to $L1.27
  • Logo Coding (LGO) saw profit taking again today sliding back to $L0.70
  • Redux Technologies (RDX) was hurting early with a massive drop around $L1.00 but found support reducing the loss to just $L0.04 sitting on $L1.34
  • Second Life Marketing (SLM) continued it's horror few days languishing another $L0.32 on yesterday to finish at $L0.45 even after positive news from the CEO on 5th
  • Tao Group Bonds (TGB) confidence continued to wain as no information from Chao Mu regarding the company has been received, sending the bond down to $L74.51
Recommendations - Must have been "moody" yesterday, I am feeling a little more sane today. After a softer day all round some cheaper positions can be had around the market:
  • (LGO) I think I might burst some happy traders bubbles with this one (we have mentioned it a few times) but the bread and butter is being spread for a BUY at $L0.65-70 and a SELL at $L0.85-91
  • (GFP) suffering a sell off cheaply by someone in the market, could be spurring some price fixing, either way a good buy for the newby at $L0.39, below the IPO price
  • (SLM) No support was found in the higher numbers, so don't be fooled into a buy with a drop like today. It's still within hold/sell range
  • (SNE) No news from Sarah Nerd on your2ndplace.com for a few days and no announcement on WSE since the dividend has one investor jumping ship. No need to panic, definitely a cheap BUY at $L0.65!!
What are YOU up to this weekend? (This report is early cos I am off for 2 days!! YIPPEE!!)
SW

Wednesday, November 7, 2007

Slippery slope; turns roller-coaster

The market performed terribly at the start of the day led down by the mirrored Lemur WSEIndex (LWI). Late in the day the Index rallied along with some other stragglers to finish slightly up on yesterday. Quiet day on volumes with penny stocks still resting close to parity. Plenty of items to discuss with: (APZ63%), (CAR16%), (LGO127%), (LLL6%), (LWI-46%), (SIM40%) and (THI21%)

  • Apez Corp. (APZ) recovered spectacularly today in the face of pending issues with the conglomerates currency exchange stock. Confidence returned after a horror 4k trade sent the equity to an all-time-low of $L0.05!! Closing up at $L1.95
  • MH Motors (CAR) hitting the floor running today with plenty of investment (possibly coming from those who waited too long to jump on the IPO! - 2 weeks to fill! wow!) and nothing in the red. 120k+ and still going after hitting the floor is promising, closing up at $L1.16
  • Logo Coding (LGO) a big mover around the spread over the last week, closed up today on strength at $L0.70 with a last small trade at $L0.93
  • L&L Rentals and Sales (LLL) suffered early as SL CAPEX listed L&LBT was halted due to discussions around sustainability. I won't go too much into it, you can read it at her blog. The implications for (LLL) seem to be a possible merger, which could hurt the current profitability of this company. Rallied up at the end of the day on very small volumes to $L2.12
  • Lemur WSEIndex (LWI) has suffered at the hands of some price manipulation as investors struggle to grasp the concept of a weighted derivative. The stock traded 1k down at $L0.81 early in the day pulling the market as a whole way down. As of writing, it was sitting vicariously on $L2.25 not finding enough support to strengthen this position
  • Sienkiewicz Investment Management (SIM) jumped the gun on our forthcoming report surging $L0.30 as the delayed dividend posting eased investors concerns. The stock closed up at $L1.05
  • Tao Heavy Industries (THI) found support in the current turmoil, with investors reluctant to turn their backs on the possibility of this bouncing back, rallying many of the recent losses to end at $L0.40
Recommendations - Risk takers flooded the market today giving me confidence to point to some others:
  • (CAR) keep your eye on any rogue trades close to the IPO price, it looks like this will trade well on the spread for the first week or so
  • (SSP) suffering a loss today on smaller volumes, could well fall further. Jump in around $L0.07 and stand to lose nothing!! (Told you, i'm feeling 'horny'...the bull kind i mean!!! :O Minds out of the gutter people!!)
  • (SLM) integrated into many of the well-performing business models, slipping a little today. BUY @ <$L0.77, the bottom of the spread is only $L0.44!!
  • (FDE) Shrinking today almost 30% rings alarm bells, especially on the lower end of $L0.40
  • (DDE) is an absolute bargain on the current SPO price with Delicious Demar's keen eye for new and steady revenue streams as focused as always
Keep your eyes on Lindsays blog and those newcomers!!
SW

Tuesday, November 6, 2007

Where for art' thou Chao Mu?

Both Logansan Oh and I have tried repeatedly to contact Chao Mu (THI, TGB) in-world to no avail. Next step is the board members as investors confidence wains and patience is stretched.
The market rallied most of yesterdays losses to return to it's start of the week low. Helped by a few movers in the remaining penny stocks and some healthy gains by the bellwethers: (APZ-35%), (FKH31%), (HCL-1%), (LLL27%), (TGB22%) and (THI-8%)

  • Apez Corp. (APZ) Alarm bells with a trade halt on (ACE) Apez's currency exchange pending an announcement. Investors continued dumping the struggling stocks sending the price well-down to almost month lows of $L1.20
  • Flying Kitten Holdings (FKH) as promised, I have been taking a look through this companies numbers and it seems, while volumes are low, the spread is somewhat overlooked by traders seeing the see-saw drop to the fat kids side of the park today resting back on a high of $L11.96!
  • Hope Capital Limited (HCL) after an early profit taking session saw the stock fall 5 points, clever investors stepped into the gap, making a break up the middle falling short of the goal line at $L1.37
  • L&L Land Sales (LLL) also rallied yesterdays losses to return to $L2.00 flat
  • Tao Group Bonds (TGB) lack of information on the defaulted dividend payment hasn't deterred some investors rallying yesterdays losses to return to just under $L100 towards the end of the day @ $L99.99
  • Tao Heavy Industries (THI) still on a slippery slope losing a further 3c today to fall back on all-time lows (discounting the end of September shock of $L0.10) of $L0.33

Recommendations - How do we choose!?
  • (BMC) shrunk a little this morning and volumes increased along with the spread. Healthy gains to be had around the BUY of $L0.22
  • (LLL) with land stability returning and positive news from the land sectors companies and Lindsay Druart placing some of the workload in the hands of trusted friends, certainly leaves room for growth. Accumulate @ <$L2
  • (FKH) How many kids need to be on the other side of the see-saw to drop it back over the low end? Keep your eyes open 0.0
  • (THI) as the days tick over the risk increases and the ROI grows. I am now sitting on the fence...waiting...
Until tomorrow,
SW

Monday, November 5, 2007

"AND THEY'RE OFF AND RACING!"

Well, for those in Aus land today, the nation is poised to grind to a halt as 23 horses run around a 3k track. HOW EXCITING! (You should see my hat! I love it!!)
News closer to hand; a slow day with these players still in the game: (HCL6%), (SIM23%) and (THI-12%)

  • Hope Capital Limited (HCL) rallied yesterdays losses with a good volume closing up at $L1.39
  • Sienkiewicz Investment Management (SIM) performed solidly today as renewed interest was founded in the announcement that dividends will return. (Maybe the sell off will stop?) Finished up at $L0.75 after an early jump to $L1.07
  • Tao Heavy Industries (THI) appearing to be in steady decline with no new announcements and the d-day for dividends passing further and further away. Sitting on $L0.36
Recommendations - It appears that I am a GOD and am in control of the market...muahaha...no seriously, Logansan Oh has scalded me for doing the politicians-two-step on SIM over the last few days. (I must say...I have been right so far! :)
But not much to talk about today:
  • (MYT) I am going to get into trouble for this too, but while in hot water...let's splash around; $L0.01 buy, even if it ends up as a WTF...
  • (RDX) is down again...I'm predicting a rally so keep a watchful eye on them @ $L1 mark
  • On the Melbourne Cup - My trifecta is Princess Coup, Sirmione and Purple Moon. Outside single - Master O'riely
So, till tomorrow punters!
CARN DA HORSIES!
SW

Company Stock Report - SIM

Sienkiewicz Investment Management (SIM)

Rating - Strong buy $L0.66, Buy $L1.05, Long buy $L1.10, Accumulate $L1.50

Ok, after reviewing SW's reports over the last few days I noticed something that I thought needed addressing. The weekend roundup stated that SIM was showing the warning signs of a crash, then Wednesdays daily report listed it with a BUY rating. I know this must look contradictory, but taken at face value, they are only stating how it looks.
I thought it best I delve a little bit deeper and earlier this week I spoke with the "big-seller" Shaun Altman and finally last night with SIM Corp. CEO, Pablo Sienkiewicz in-world.

So on to the analysis: My report is individual and proposes my own unique overview (with the help of my staff), so I will refrain from quoting or poking holes in other analyst reports or the CEO's responses to those.
(Disclaimer: I do not hold any SIM shares. I have no relationship with CEO Pablo Sienkiewicz or his c-class team)

Shaun Altman has dropped his position over the month from 1.28M @ 85.4% to a little under 900k (@59.8%) and still dropping! I had a conversation with Shaun at WSE and asked why he was dropping the stock so cheap. "How can I sit waiting for this dividend when other stocks (HCL) are doubling?" It seemed the delayed dividend was the major cause for the sell off as Shaun labeled SIM a "liability". The next day SIM posted the dividend and after another chat with Shaun, he stated "ok, I'll stop selling below $L1.03 now".
Why is this important to the analysis? This stock is 100% market owned. Therefore, Shaun's position with it was; "the market". There is an open order of 500k shares for $L1.05 currently, which is obviously this major shareholder...

Pablo Sienkiewicz has been quick to rebuke comments made about SIM in recent weeks and is a member of SL users against VAT group in Second Life. The company was hit hard by VAT as initial capital was limited to $L1.5M and the promised "fixed" dividend meant that operational costs were already tight. After speaking with Pablo about the future of SIM and his thoughts on VAT and the DDE joint venture, it's clear that he has a forward vision for SIM has the company and shareholders (the owners) best interests in foremost. With no controlling stake in the company, I feel the current issues being faced by other companies with "trust" and the possibility of a CEO-run are not so prominent here.

In summary, the numbers predicted by Delicious Demar for the Simlicious joint venture, Pablo's commitment and plans for more than 3 sims in the coming months, a more stable entry price for the stock and better chance for a diversified market holding and the promise of "fixed" dividends (which so far have been the biggest pull and most precarious issue for the company) I see strengthening in areas other companies are weakening.

Some other numbers:
You will notice NTA is still just under $L1.00 in the companies first month returning to business. This is promising with only 1.5 islands and the October problems with the WSE market. The new, more profitable venture with Delicious Demar Enterprises and the WSE market recovering and the bulls are beginning to return...a chance to grab a 30% stake in the company at $L1.05 with a guaranteed $L0.04/share monthly return via dividend...

Cash: 368,467L
Mainland held: 0 meters
Value of mainland (at 7L per meter): 0L
Islands: 1 1/2
Value of islands (at $1675 US each): 460,625L + 231,000L
WSE portfolio: 189,923L
Open WSE buy orders: 0L
Other investments: 200,000L
-----------------------------------------
Total Assets: 1,450,015L
Debts - none
Net Assets: 1,450,015
Shares outstanding: 1,500,000
Net Asset Value per share: 0.966L
================================
OPERATING STATEMENT
Revenues:
Tier: 124,400L
Dividends: 0L
WSE Trading income: 24,783L
------------------------------------------------
Total Revenue: 149,183L
Expenses:
Tier: 147,730L
------------------------------------------------
Total Expenses: 147,730L
Profit/Loss: 1,453L

If anyone has any comments, suggestions or corrections to this entry, please, as always contact Logansan Oh in-world or post a comment on http://swassets.blogspot.com.


In other news, just quickly, we clicked over the 1000 viewer mark this week here at http://swassets.blogspot.com, so we want to thank all those who have taken an interest in S&W Assets and Funds Management.

Spread the word!

Sincerely,
Logansan Oh
- CEO, Chairman

Sunday, November 4, 2007

Spread the wealth

Reasonable dissemination of investment today as the (WTF) onslaught caused by an influx of "forced" investors as Midas Bank declared bankruptcy, petered off as the price hit a low of $L0.04. Movements in and around profit taking and renewed investment as the news-reel got a workout today: (BMC-6%), (HCL-5%), (MYT-87%), (RDX35%) and (%)

  • Blumont Capital (BMC) after an early surge to $L0.45, it appeared profit taking was the name of the game taking the share down to $L0.31
  • Hope Capital Limited (HCL) CEO LukeConnell continues his buy up as yesterdays late run was slowed today to close down @ $L1.31
  • Myth Enterprises (MYT) a dramatic late run on month highs over the weekend was ended today as the stock returned to its monthly median of $L0.04
  • Redux Technologies (RDX) is being well-manipulated with small trades offsetting the spread and CEO Redux Dengaku buying back shares and also announcing company changes to the dividend structure that could take place soon. The stock closed well up @ $L1.07
  • Second Street Partners (SSP) awoke from the winter slumber of late with $L0.07 trigger being hit for a large BUY sending the price up to $L0.10
  • Tao Heavy Industries (THI) Helped on by an unknown WIC trader, several strong BUYS sent (THI) up to $L0.41 as it crawled back as investors ran with no news of the outstanding dividends
Recommendations - There as-always is plenty to go around
  • (FKH) We have seen some reasonable volumes around the spread over the last few weeks. (I must do more reporting on this) Historically, under $L9.50 would trigger a BUY and $L10.50 a SELL if you were playing the spread hop-scotch
  • (HCL) Any dip is a trigger to BUY while this stock sits below Caspers' (LHH) barrier of $L1.75. Too many good plans in motion and on the horizon to not be in a good position with the bellwether
  • (RDX) Good news could have traders salivating for a profit take, i would say watch for any dips or SPEC BUY @ <$L1.10. The new structure will bode well for investors.
  • (SIM) Positive news on the (DDE) cross-pollination serving a good feeling for the future of this companies profits and dividends. BUY @ $L0.60
  • (THI) Will the dividend come? Keep a watchful eye out for Chao Mu in-game. No need to run at this stage, too much is invested in the new ventures...
Will regulation come to spoil our game?
SW

Midas Bank - Sub-prime?

Sorry for not posting any information until now, too many people are jumping to conclusions and I didn't want to report anything until I had an understanding myself.
I was unable to get comment from Midas Commons as the Midas Bank was empty when I arrived (strange!) so I am still remaining on the fence at this stage.

The information released thus far:
Midas - "ON Nov. 2nd 2007 Hope Capital and the WSE, despite having an ample supply of lindens, blatantly witheld payment due on a 3.5 million linden dollar Hope Capital corporate bond issue that they had sold to Midas Bank this past summer(ticker HCB). Midas Bank protested and in response a malicious and aggressive action was taken against Midas Bank by Hope Capital. In an act of brazen thievery and tyranny, Midas Bank's shareholders' stock on the WSE was dissolved, thousands and thousands of Lindens in a Midas Bank WSE account were confiscated, and any and all Midas Bank holdings on the WSE were liquidated, seized, or converted into a fuzzy and nearly worthless financial unit called the WTF. After this, a false announcement was posted on the WSE that Midas Bank and all its Second Life financial businesses had suddenly gone bankrupt for mysterious reasons. Hope Capital clearly wishes to destroy Midas Bank so they can cancel the roughly 5.5 million linden dollar debt that they owe Midas Bank. They owe this money fair and square with no strings attached. The bank is insolvent until this situation can be resolved. The avatar named LukeConnell Vandeverre is solely responsible for the decisions that created this event. He is the boss of the WSE (he calls himself the CEO) and it was he who sold the bonds (bad paper), he who decided not to pay what was promised and owed, and he who dissolved all Midas Group Financial assets on the WSE without consulting anyone about it first. He has no regard for any rules, regulations, or honor code. We need to all work together to resolve this situation promptly"

WSE LukeConnell - " Midas Commons, CEO of Midas Bank yesterday informed the World Stock Exchange that the Midas Group of Companies are bankrupt.
The WSE accounts controlled by Midas Commons were locked while we reviewed the situation.
The cause of this bankruptcy is not our concern as the WSE is not responsible for the decisions and actions of Midas Group and its management. Midas Group and its management team are responsible for all the financial and operational decisions.
The WSE believes that the Midas Group of Companies were Over-Leveraged and did not hold sufficient cash reserves to allow for the potential risks and impact of increased customer withdrawals, lower than expected earnings from investments along with regulatory and economic challenges.
The World Stock Exchange has now delisted the following Midas Group of companies to ensure that shareholders will have the best possible chance to earn a return on their investments through capital growth and dividends using the WSE Traders Fund:
Midas Group High Yield Bonds (MGB)
Midas Group Financials (MGF)
Midas Development Company (MDC)
Conversion rates:
OLD ---- NEW WTF SHARES
MGF 1 - 1
MDC 1 - 1
MGB 1 - 100
All shares in the above companies have been transferred to the WSE Traders Fund (WTF) which has a higher Net Asset Value per Share than the above companies had due to the removal of shares previously owned by Midas Commons.
The World Stock Exchange has requested that Midas Group provide the WSE with the most recent list of Midas Banking customer avatar names and balances so that the WSE can issue former Midas Bank customers with 1 share in WTF for every L$1 linden held in Midas Bank.
This will ensure that Midas Bank customers will have the best opportunity to minimise the loss and impact resulting from the bankruptcy of Midas Bank.
The WSE will post an announcement when it receives a response to its request for the former customer list of Midas Bank."

WSE Concierge - "You can read the Hope Capital Report that explains the situation regarding Hope Capital Bonds which was released over 3 weeks ago.
Even if Hope Capital did make a bond interest payment rather than moving it forward, Midas Bank would have only received around L$600,000 which would be the only income for his net bank deposits of L$8m to L10m. This represents around 6% cash reserve, an extremely risky cash position for his bank and related companies."


From the onset, it looks like a lot of finger pointing from Midas Commons and a simple numbers game from WSE. If Midas Bank was so heavily invested in one (1-seriously!) equity that bought the whole bank down, why are people claiming it was well-run and transparent. Surely this would have rang alarm bells!

Anyway, before I pass any more judgment, I will await more information.
I urge those that are commenting on this do the same!

I have changed the setting on this website to allow for "anonymous" comments, so hopefully this will improve discussions. Just remember to keep personal attacks for another forum, use the spell checker and please back what you say!

Chat real soon,
Logansan Oh
- CEO, Chairman

Friday, November 2, 2007

Oops, I'm a bit late

Sorry for the lack of a post yesterday, RL was hectic and I'm not feeling too well: Anyway, here's the wrap as I saw it yesterday, with some updates from today also.

Massive few days on volumes, maybe everyone still had Halloween headaches the other day?
Efficiency was closing in for the heavy penny stocks with parity for (WTF) almost reached below the NTA at only $L0.05. Big news came for the other farthings as WSE ordered a trade halt "pending an important announcement"...seems likely (MGF), (MDC) and (MGB) will become WTF's soon enough! More on this as news comes to hand.
Ball rolling though for the following: (DDE3%), (HCL7%), (LGO-42%), (SIM-53%) and (THI-23%)

  • Delicious Demar Enterprises (DDE) Entering into Secondary mode at $L2.75 today after a pretty tired week slipping under $L3 with the announcement last week. After tailing to $L2.61 early yesterday before the IPO, things just managed to pickup before the halt
  • Hope Capital Limited (HCL) Strengthened as the market began to recover and I guess the overall feelings improved with promised dividends from other stocks came through and LukeConnells presence around the WSE to answer any queries. Closing up at $L1.40
  • Logo Coding (LGO) After a tumultuous week of trades and major shareholder Axe Gretzky unloading over 7k of shares in the last 2 days, the design company struggled down at $L0.51
  • Sienkiewicz Investment Management (SIM) Fell again today with major shareholder Shaun Altman dropping a huge amount of shares onto the market sending the price down to $L0.51. Even with news of Simlicious being ordered, it was not enough to keep the price steady with this kind of sell off
  • Tao Group Bonds (TGB) suffered late yesterday with one unconvinced investor dropping 160 of the heavily priced stocks at a record month low of $L0.90. Major shareholders jumped at the opportunity and there was a frenzy as over 2.5k of invested volume pushed the stock back to a more respectable $L101.00
  • Tao Heavy Industries (THI) as confidence wains on the pending dividend and a slow but steady repositioning of major shareholder Eric Yerd (3.08%) sending it down to $L0.40
Recommendations - Plenty of action, even with the lower volumes, there are profits to be had as the smaller stocks get renewed interest. There's still 2 weeks before the possibility of any new stocks hitting the floor!
  • (AMS) Spec buy as we watch for anything lower than $L0.17
  • (HCL) Heading back towards $L1.00 is a definite speculative BUY < $L1.15. It won't be heading down for long
  • (THI) I cannot stress enough that (THI) is promising and I just cannot understand a sell-off from a major shareholder at this time. $L0.40? Spec buy
  • (SIM) I have 4 letters - R. I. S. K. The warning signs are there with a major cash out without any notice to the market (tut tut)
Catchya later!
SW

Thursday, November 1, 2007

Quickie.

Hi all, Just wanted to touch base on a few things in my field-of-vision at the moment.
WSE 4.0 looks like it is still a rolling ball, as 2 new pieces of the pie have emerged in the last 2 days with no news as their context or purpose...it's not breaking news, but thought provoking none-the-less.

  1. A new menu bar item - LIVE TV. ? Ok. The page states: "Watch Live TV including Bloomberg, CNBC and more for all your latest market and global news." Not sure how this fits in with the current WSE? The rest of the page now includes a collection of Youtube clips on "The Secret". The Oprah backed "global phenomenon"...
  2. Have you noticed the Google widgets on the main page? They were (up until a few days ago) just simple RSS feed from some news sites. These seem to have bred and multiplied with a very interesting and somewhat confusing addition. Facebook news? Do you think this is a response to another "global phenomenon", admiration from the CEO or something more sinister?
Anyway, open for discussion on these points. Look forward to hearing your opinions.

Yours in conspiracy ;)
Logansan Oh
- CEO, Chairman

Slowly...

...but surely. A firm day in the market with lower volumes on most, profit taking on yesterdays gains and rallies on yesterdays retractions. Pretty even all round.
'Plays of the day': (DDE11%), (HCL-2%), (MYT20%) and (SRI25%)

  • Delicious Demar Enterprises (DDE) regained most of yesterdays slips as investors rushed in for the red-light-special, sending it back toward the $L3 mark on $L2.89
  • Hope Capital Limited (HCL) found support back up at $L1.30 early in the day only to shrink the gain from yesterday down @ $L1.22
  • Mythlands (MYT) struggled it's way back up to $L0.06 today on strong volumes
  • Spontaneous Rich Investments (SRI) put on a song and dance finally to show the market it was capable of drawing crowds to $L0.20. Still a bit to go
Recommendations - Pretty easy one today with some blatant weaknesses
  • (BEX) is flying under the radar on fluctuations at the moment after a small trade sent the price to the floor last week. A newby with a firm grip (huh hmm...pun! pun!) on one of SL's niche markets. Shouldn't last long below $L0.80, so get in @ $L0.74 while you can
  • (SNE) it's just a hunch, but plenty of action over at your2ndplace.com and a slip 10% today, my tum-tum says buy-buy @ $L0.81...maybe watch for a quick fall over the next day or so
  • (HOT) Why such a large spread? We have followed this one for months and can't fault it. If anyone is silly enough to part with these under $L1.90, don't tell them they're silly, buy first...explain later
  • (DDE) Secondary to start at $L3.00...current price $L2.89...by my calculations...BUY!
I'll get you next time Gadget...
SW

Tuesday, October 30, 2007

Balancing act; When and when not to say when

I called it a day a few hours ago, but some late changes caused me to rethink my report.
The market indices's fell slightly again today, as the recent drivers of this advance all receded. (WTF) volumes were rampart again as expected and the spread shrank as day traders took the reins closing the efficiency gap. Focus still seems to be on the major penny-traders but some new investor interest in other areas is pushing the price freezes on some almost forgotten stocks.
Todays watched included (DDE-14%), (PPL17%), (SUN-30%), and (WTF-22%)

  • Delicious Demar Enterprises (DDE) lost precious ground after a small slip yesterday went virtually unnoticed. News from CEO of a possible secondary and expansion is obviously causing the cold feet. Could be some pre-change market manipulation at play, it closed down at monthly lows of $L2.61
  • Peoplepool (PPL) rallied on recent losses to close up at $L0.35, still lagging the entry of >$L0.50
  • Sun Media Consultants Split (SUN) continued it's slide after the stock consolidation and company restructure, settling back at $L2.45
  • WSE Traders Fund (WTF) quickly turning out to be the new "day-traders-fund", languished around the $L0.03 mark before struggling back up to close at the lower end of $L0.07
Recommendations - I am still yet to speak with most of the CEO's in some of the quieter stocks, so recommendations are based on market performance and our statistical analysis of current and historical data. Thus far our suggestions have weathered most of the damage over the passed few months and still garnered over 24% ROI! (more on this later) So, while it is up to the individual investor to make the decision to purchase, you can look to us for guidance.
  • (DDE) one of the bellwethers sitting vicariously on $L2.61...guarantee it won't sit there for long!
  • (LLL) suffering a late run slip back to $L1.50. This is a stop-hold at $L2.00, even in the face of LL land market fluctuations
  • (TGB) Won't last slipping back on $L100.00. Remember, high hopes and imminent dividends (bond interest for this one)
Happy happy trade trade,
SW

WTF Live!

Yes, the biggest news of the day..nay, the MONTH, is WSE Traders Fund has been released to the market...and as expected, another run-for-the-hills session.
The WTF opened trade today with an unknown amount of shares at $L8.10! But soon saw the price crash like a GPB on open day (sorry..I need cheering up :( bad day) and ended up waddling down with the day-traders at $L0.03. Elsewhere today, there was plenty going on as the last of the halted companies were delisted bringing the total for the week now to 12!! The remaining stocks were helped along as traders moved their open orders from the removed companies in search of more of their 'skim' profits. (Yes, I know, we need them...)
Movers today were (LOT367%!!), (MGF67%), (SRI-36%), (TGB25%), (THI-26%) and of course (WTF-91%)!

  • Lotto Networks Unlimited (LOT) gained ground today with a third party buy-in sending the price well up over recent highs. (LOT) found new ground last week when major shareholders were all increasing their positions. The stock closed up today at $L0.14
  • Midas Group Financials (MGF) also gained as major shareholder Warren Tomsen (10.35%) went on a buying spree. Finishing up at $L0.05
  • Spontaneous Rich Investments (SRI) after coming off Secondary with a disappointing start ending the day down again at $L0.16
  • Tao Group Bonds (TGB) saw a dramatic increase in attention sending the stock up to highs of $L153.98, slipping back to steady on $L124.98
  • Tao Heavy Industries (THI) with CEO announcements galore at the moment (big launch poised!) investors are still trying to find the right position with this promising company, closing down a little at $L0.45
  • WSE Traders Fund (WTF) not quite liquidated to a Ginko position, but the traders are pushing it there. As the major shareholders begin to return to the floor, I expect to see this stock go nuts! Stooping as low at $L0.02 and currently rushing around the $L0.05 - $L0.10 range
Recommendations - I will let you know now...now, now is the time to buy! Stop by Hope Capital and have a chat to LukeConnell. He has some very juicy news...(it's a secret, so I can't tell. - oh, and Logansan wouldn't tell me, so I actually don't know either!!) As investors return over the coming hours, expect to see positions taken up in many companies.
  • (LWI) suffered massively today down 95% on some weird trade numbers. But at $L0.21, I would check out the index page, as it's by far one of the strongest
  • (THI) I harp on about this all the time, but check out their recent news and decide yourself if $L0.50 is a bargain (psst. it is!)
  • (WTF) what can I say, there is promise of dividends from LukeConnell, it's trading heavier than Ginko in it's death throws, why not jump in at $L0.10 and sit for while? My early predictions for this is $L0.15-$L0.20 until the dividends, if not more if the potential investment worth stated is realised.
That's all for now folks,
SW