Hold up...

Good afternoon,
Well, today was meant to be our weekly stock round up and I feel I am overdue a release of WSE knowledge download (lesson 3: Trading..the buy and sell) but I must say I sent my little bumble-bee home for the long weekend and took the reins...
Bear this, panic that, problem tax blah blah blah. I know this doesn't sound professional, (so I'll stop there) but I just need to pass on one small piece of SL wisdom... "We will survive"
Todays market dropped as a whole, but there was only 1 panic trade I noticed that was quickly corrected. (RDX-91%)
Yes, we have the land richter scale measuring a terrible rumble with the announcement of the addition of VAT to EU users, of course this will cause a negative backlash. And yes, land prices, tier and associated economics will feel a squeeze and more importantly (for us all), LAND is a major commodity tied to our equity market (the WSE).. but I must stress, all things considered, volumes are down, RDX has rallied from -91% back to $1.72, which is just under the median price... we are just so much more resilient than we ever were before.

Splinkrot Writer will be back on Tuesday to give an extensive write up on the state of the market and I will be with you throughout the weekend to provide any assistance necessary during this time. I see a few "Buys" based on SW's metrics and I will make sure we don't miss them.
In the meantime, I hope I see a few familiar faces and some new ones at Hope Capital to chat about these and other topics. The road is long...with many winding turns.

Logansan Oh
- CEO, Chairman

LL, EU and VAT

Ok, some more information has come to light on this, firstly I have uncovered this from the SL website: Value Added Tax
2 important notes from this page:

What are the items for which Linden Lab charges VAT?
Anything that you pay Linden Lab for will have VAT applied. This includes:

• Premium account registration
• Purchases from the Land Store
• Land use fees (tier)
• Private Region fees
• Land auctions

What are the items for which Linden Lab doesn't charge VAT?
Transactions in L$ between individual Residents are not subject to VAT.

There are already some heated discussions going on around the forums, so as I find specifics I will pass them on

SW

*NEWSFLASH*

OMG!
LL have moved their billing to Europe and the EU now charges (what looks to be EU users) VAT (15%-25% tax on purchasing land and tier). There is no official announcement from LL and nothing on the blog that I can see.
This does not bode well for land owners, small businesses and most of all WSE (as land is the major commodity in the market.)
I am frantic at the moment trying to get to the bottom of it, (I haven't even told Logansan Oh) and I will keep you updated as I find more information.
What ever you do...DON'T PANIC!
SW

BUY! BUY! BUY!

Double edged sword today, big players saw low volumes but some fluctuations in the lower ranks put a few punters well in the green!
Pretty straight forward numbers today, (GPB) steady on $L0.07 after solid overnight trades, (AMA-91%), (HCL34%)

• AMA Production (AMA) A rogue trade @ $L0.15 sent AMA into a downward spiral, obviously making some traders nervous, offloading 10K worth of shares for $L0.03, eventually bottoming out at $L0.02
• Hope Capital Ltd (HCL) Yes, I know we talk about this everyday, but there is just so much happening here, and with it tied closely to the health of the market (purely from a Risk point of view) we just can't keep away. Gained ground overnight, with a rally to around 80% of its recent price. Still a bit to go before we send in the bulls, but promising none the less

Recommendations - I don't think I need to tell you about the above (any reasonably good company name dropping 90% in 1 day will rally in the days following; even if it's a small rally...it's still profit!)

• (HOT) dropped a little with some profit taking today, but a spread of $L0.60 on a $L3.00 buy will get some returns. Definitely long... (I am buying these myself)
• (SUN) not a safe bet due to recent WSE probes and shadey connections, but if someone is making money off it, then why not jump on their coat tails? I can tell you it's at an all time low $L0.15 and there's guaranteed to be movements

On our weekly round up late tomorrow I will let you know about our blacklist, hopefully we don't find a horses head next to us on Saturday morning...

Love

SW

zzzzz.....HCL!

Quiet day in WSE land. Me thinks the imminent SL grid maintenance has everyone frantic in-world. Hopefully the day ahead has some stronger volumes. Big movers with volumes (HCL-31%), newcomer (PFW8%) and (SNE-6%). The market felt sluggish all round.

• Hope Capital Ltd (HCL) fell again today trading late at $L0.38. From the outside, this may look gloomy for the WSE, but the major shareholders are snapping up these bargains as quick as they arise with Casper Trebuchet (LEM) now capitalising over 4% and Eric Goff (HCL - non-executive director) commanding 2.87% of the company.

• Parks Fireworks (PFW) just out of IPO has kept a solid stance on its price and saw some solid gains during the day with good volumes around $L1.50, some late green hording to settle at $L1.10, still up 10% from IPO.

• Sarah Nerd Estates and Mainland Holdings (SNE) a very solid company suffering from under-educated trading saw some early gains up $L0.03 on morning close, but profit taking meant at reporting time it closed down at $L0.80

Recommendations - Not a lot to tell you today with volumes so low:

• (SHF) definitely get in on these below $L0.10
• (SNE) keep an eye on these, a small fall will rally quickly
• (HCL) if you can beat the major shareholders to the punch, get in @ $L0.40 or less!!

Until tomorrow,
SW

WSE Trading – Lesson 2: The Company

OK, let’s get straight into it. Last lesson I stated we would move onto trading and WICS, but I didn’t want to jump onto that without first showing you what to look out for before you do.

Company’s will list on a stock exchange in order to expand and raise capital. Basically, they are selling a stake in the company to shareholders, who will earn money if the company goes well. The company then in-turn can use the money raised from the sale to purchase more assets and grow the business. There is an enormous amount of innovation in SL and thus, many individuals and businesses are returning good profits from excellent turnovers. Some of these businesses have listed on WSE in order to grow their ideas, brands and profits.

That’s a really quick overview of why these guys are here, now we need to have a look at whether or not it’s a good idea to buy in.

On the WSE, the first place you will look is also one of the most important; Research.

This section contains everything you need to know from a trading perspective, about the company, its financial situation and its stock position. Now, there is about 6 months worth of training material that I could go through to explain the basic reports and Corporate finance, and that would get you to a newspaper-reading capacity, but, in order to be able to read into these items and make calculated risk assessments on this information, you would be at it for years…so I will keep it really simple.

For today’s lesson, we will take a look through the listed company Kush Islands (HOT). We must stress we have no affiliation with this company and have selected it as it is a well traded company with good communicated information.

Step 1: Log onto WSE with your credentials.

Step 2: Click Research link from the top menu bar

Step 3: Scroll down to Kush Islands (HOT) and click the link

Now, you will be presented with the Company Profile. Here you can see the CEO and management info, shares and market capitalisation and links to all other company information that is stored with the WSE.

(Note that market capitalization is a market estimate of a company's value, based on perceived future prospects, economic and monetary conditions, and therefore largely independent of a company's history. Stock prices can also be moved by speculation about changes in expectations about profits or about mergers and acquisitions.) - from wikipedia

All this information will be helpful to you in determining whether or not to buy or even sell your stake in this company.

As you begin to create your stock portfolio, there are a few of these items that are paramount before you get started; Historical pricing, recent trades and recent announcements. I am trying not to delve too deeply into this, so let’s take a look at HOT and I will try to wrap this up for you.

Historical pricing – Hopefully you are keeping up with the steps and are still on the Company Profile page. If not, just follow the steps above before you continue.

Step 4: Click the link in the lower part of the page “View Charts and Graphs”

You will now have the Charts for HOT screen available. If you cannot see the charts listed, I suggest getting Firefox and/or changing the cookie and https settings of your browser.

Here you will see a share price movement chart, a share price candle stick chart, a trading volume chart and the current shareholder’s pie. We are interested in the first 3

Step 5: Go ahead and select the link in the Share price movement chart for “Last 30 days”

This will change all 3 charts to the same period. You will notice now that the share price for HOT was about $L3.00 on August 27, (2007) and has jumped around a little over the time and is now trading at about $L3.60 on September 26, (2007).

The second chart will actually show you how each of these days played out. During the day you will get an Open and Close price, and in some instances a Min or Max depending on whether or not there was large movement during the day. Basically, this means the price that the stock started at in the day, its biggest movement and then the price it closed at. As the WSE is a 24HR trading system, the close is actually the open for the next day.

You can place your mouse over the charts at individual points to get the exact details.

What we will do now is look at days that were significant during the period. These are typically days where the volumes were high and may have had a movement in price.

Hover your mouse over September 24^th, (2007) you will notice that the open was $L2.80 and the close was $L3.80. That’s an increase of over 26%, which means that the company’s stock went up more than a quarter of its value in 1 day!

Now do the same with September 18^th, (2007) you will notice that it closed at $L2.87 but traded as low as $L1.50 during the day. That’s a loss/gain of over 48%, almost have of the value!

Recent Trades -

BUT: If you now take a look at the volumes for those days above.

September 24: 60533

September 18: 1085

Big difference? This shows you that the company has a pretty solid standing with its price. If the stock was to plummet, as it did on September 18, nobody panicked and sold out, it’s clear that someone put in a small trade at a ridiculous price and it was executed. The reason I am pointing this out, is that there exist traders in all stock markets RL and SL, that will try and play with the markets prices in order to profit from fluctuations. This is not controlled by the company, so just be aware before you jump on a bargain!

Lastly, lets take a look at the companies communications.

Step 6: Click Research again and find Kush Islands (HOT) in the list and click it

Step 7: Scroll down to the link section again and click “View Company Announcements” link

You will be taken to the View Announcements screen. Here you can see all the communications that the company has made to the market and shareholders. These announcements may include changes to Management or Company strategy, important or even exciting news about new developments, company financial reports and general “new” company information.

Step 8: Click on the “Brazil Comet Investment” link

You will now see an announcement about the investment, which seems rather positive and shows that the company looks to be liked by outside investors/companies. This may have had some influence on the increase in price that seen in the following days.

Keep your eye on the News section of WSE, the things company CEO’s announce, could make or break your investment!

That’s all for today, our next section will show you how to BUY and SELL your shares.

Until then, farewell.

Logansan Oh

- CEO, Chairman

feelin hot hot hot

Busy day with the last of the IPO companies successfully listing on the "Official List". The market ended up after overnight trading with rallies on two of the recent falls (AMS115%), (BMC67%), a strong player hitting record highs at volume (HOT36%) and a new comer also hitting highs (BEX33%).There were also some big falls early with troubled (VGI-95%) bottoming out again and market dominant (HCL-56%) being sold off cheaply.

• Blumont Capital (BMC) ran strong earlier on in the day at $L0.46 which triggered some profit taking, sending the price back to a steady $L0.30
• Hope Capital Ltd (HCL) was trading frantically throughout the day with an all-time low of $L0.27 and some happy campers snapping up the bargain. The rally slowed up as the price lept back to $L0.55
  

Recommendations - Easy to see from our reports that these stocks come with a BUY recommendation:

• (HCL) @ anything under $L0.50
• (VGI) @ anything under $L0.06

But having said that, we also predict a few falls for the next few days

• Ginko Perpetual Bonds (GPB) should tighten up again down at $L0.06 and may even hit the month low of $L0.04 by the end of the week.
  

So, a big day for all, see you tomorrow!
SW

WSE Trading - Lesson 1: Newby

Hi all, I want to share with you a simple guide to the WSE. This is based on my own experience and is in no way endorsed by WSE. I recommend the EDUCATION section on the WSE website; the video tutorials explain things well.

So you have been informed that your bank balance is now in the form of bonds and you want to get at them? You have heard about a new way you can "gamble" your lindens and you want in to the club? You overheard the "big-boys" (or girls...) at the boozer near Wall St (or Bond St if you are in Australia like me) talking about a no-regulation, no-tax, no-bank-trade-fee, no-barrier-to-enter virtual stock exchange and you want to contribute to the conversation? Well, welcome to the WSE! The first thing you need to do, apart from get the web(link) address is create a login

a) Creating a login: This can be done in SL and now through the WSE website

i. Through SL - TP to "Hope Capital" You will land on the first floor of the WSE building. There is an ATM to the right of you. Type “reset password” and you will receive a temporary password. You can copy this if you select it in Chat-History.

ii. Through WSE website - Click here and enter your details. You will receive an authentication email and login credentials.

Once one of the above has been done, you will be ready to access the site.

b) Logging in: www.wselive.com (easy one to remember, tricky one to master) To login, use the “Login” button on the top of the screen or in the right hand navigation bar. If you use Firefox (as you would never use Internet Explorer…right?) you will find that it will remember your password. This is handy (but don’t forget the security risks if you’re using a public PC) Enter your login credentials as you received.

i) Second “Lifer”: Use the second life First Name, Last Name of your avatar. The password will be the one you received from the ATM at Hope Capital.

ii) WSE created: Enter the details as outlined in your confirmation email

You will now notice that you have access to a few more functions than before you logged in.

The first place I will show you will be Portfolio and it will probably become the first place you look when you log in.

Portfolio shows you the current balance of your account (in Lindens and WICS), the interest your balance has earned (again, in Lindens and WICS, as they earn the amounts independent of each other) and the total holdings of your equities (stocks or bonds) showing the amount, the current market value of these (based on the current “ASK” price) the loss or gain (based on the purchase price compared with the ASK) and this loss or gain expressed as a percentage.

This concludes our first look at the WSE. Hopefully it shows you how to create an account/login and how to get into the site and check your current position. My next little-lesson will be on trading and WICS. (don’t worry, it will make sense soon enough!)

Your’s in knowledge,
Logansan Oh
- CEO, Chairman

Take that!

A subtle change, that we hope is part of the next phase of WSE4.0, was noticed today. If you go into the trading screen of a company, you will now notice that the prices listed in the limit order are no longer listed with 6 decimal places for $L. It is now only linden dollars and linden cents. Maybe Luke has been reading this site, as Logansan Oh published some frustrations earlier today regarding pricing and traders...

(EDIT) Just logged in to check a listing...and it appears the decimal places have been re-instated. We will query the WSE and get back to you ASAP.

Onto stocks now, there were movements in the following (AMI1%), (BMC-33%), (SLM-23%), (TMA-41%)

• Action Mortgage & Investment (AMI)'s Adonis Action released more information about his company and immediately triggered a price drop to well below $L0.15 and rally back to its median price over $L0.20
• Blumont Capital (BMC) had some heavy trading over night as it bottomed out at $L0.09. It quickly rallied to double that in some strong bidding wars to $L0.18
• Second Life Marketing (SLM)'s Jon Desmoulins' company announcement with very little info today obviously had investors lacking confidence as the share price lost almost a quarter of its value with a high trade of $L0.70 early in the day and a $L0.56 later on to leave the price well down for the day. The financial statement did show a significant increase in revenue and earnings
• Trouble Maker Approved (TMA) A solid company and one of the Indexed listings (more on this real soon!) and although the drop was sparked by a minimal trade (47 shares) a bidding war has begun on all prices from the low $L1.51 to $L1.54. I doubt any we will see many short stands on this.

Recommendations - Keep checking those volumes and we should now see better pricing standards...
I hope some of you capitalised on my recommendations of (MFM) and (LOT) over the weekend.

• (MFM) is still trading in volumes and
• (LOT) saw a 320% increase on Friday suggestions of a BUY!
• (SLM) looks a steal @ under $L0.54
• (TMA) will also have you feeling a pinch of guilt if you can round it up for under $L1.60

Shameless plug for us...we know there was some healthy profits realised today on our advice. (AMS) hit a low $L0.11 and has topped out today at $L0.28, good volumes too. Not bad for a days work!

See you tomorrow!
SW

Stock Prices and Traders. Part 1: Intro to pricing and speculation

Trading on the WSE, just like in RL can be exciting and profitable. But also like RL, at times it can be down-right frustrating!
There are many traditional market tactics that can be exacted for short-term gain and many of these (and I will refer to these as such) "scams" are being used in WSE and similar Virtual Stock Exchanges in order to deceive new-comer investors. This hurts everyone in the long run (and usually the short term too!) and frustrates those of us that are following the virtues of the exchange in order to see it mature. Just like SL, as we move away from the "Wild West" and into a mature, developed and "safer" economic landscape.
Many RL investors/punters/speculators know of the common "pump and dump" type scenarios that over-inflate the price for holders of the stock to sell at. Although not as thoroughly executed as RL penny stock fraud of which there are many similarities, the current events in the WSE market are causing issues with investors and analysts alike.
BID/ASK and the difference between them, gives you the SPREAD. Generally, a stock trading with a lower spread, has less volatility in it’s pricing and is a sign of an efficient market. But I will show you how this may not be the case.

For example, let's take a look at one of our closely watched stocks and for reference, we will use the current stats on SLQuotes.

Speculators cause a significant increase in short-term market volatility. On a positive note, a heightened level of volatility implies the market will be able to correct to mispricing more rapidly. But investors being led into this speculative purchasing on small volumes could see further speculative purchasing in the hope that the price will continue to rise…bubble gets bigger…POP! Everyone loses. I won’t implicate any of these stocks here at this stage, but lets take a look at one that “could” have:

(AMA) is currently trading at $L0.25. Over the last 7 days, the price has seen a roller coaster of 0.26, 0.31, 0.21, 0.28, 0.26 and yesterday 0.06. Even with fees for sell trades, getting in on the lows and selling on the highs would have turned a good profit, BUT, here are the volumes for those days: 201, 2, 1, 1, 430… completely unreliable and pure speculation.

There is no easy way out of this, it seems it just makes it more difficult for analysts and part-time investors to study the markets and make informed choices.

I will discuss this further as I talk to some other analysts and investors, maybe even LukeConnell Vanderverre.

Kind regards,

Logansan Oh
-CEO, Chairman

I'm not here

I have to be quick, boss doesn't want us working on weekends...but I have to let you all know about a few good looking numbers!

• (MFM) is still flicking up and down. Try and snag some below $L0.03 and hang around for them to be bought back at $L0.05. Easy money. They have been topping out at $L0.08, but the risk is much greater.
• (LOT) halved its value today and is bobbing up and down. The volumes are there if you want to chase them at $L0.05
• (PSG) has an 11% spread and it looks like it could trade at those. It's not a lot of cash but it beats the banks!

Now happy trading (seriously...it's the weekend!)

SW

It's FRIDAY...want to go for a rally?

Some favourites hitting good volumes and a few rallies from yesterdays falls, with only a handful of stocks letting the market down.
Stocks buzzing (MFM50%), (RDX-44%) and (VGI200%)

• Midas Funds Management (MFM) beginning the long haul back from the brink began the day with a healthy $L0.08 on the back of yesterdays dramatic fall to under $L0.01. There were some healthy volumes at $L0.03 and it rested there for most of the day
• Redux Technologies (RDX) started a little low and triggered some movement. A well-liked stock and a promising company, but what started as a dip @ $L2.00 ended up a full blown sliding finishing @ $L1.75 at the time of reporting
• Virtual Games LLC (VGI) a dramatic rally, but expected... starting with a heavy BUY recommendation (I hope I convinced some of you) @ $L0.36 and sitting comfortably around it's stable price of $L1.14

Recommendations - Plenty of bargains around again, just keep your eye out for the prospectors with small trades at ridiculous prices. DONT GET SUCKERED!! (I think the boss is going to let you know about this when he gets back on Monday)

• (MFM) @ anything below $L0.04 will get you heading towards 100% short term returns
• (HCL) is heading towards $L0.60 again and you would be mad not to snap some up...especially with the volumes!
• (SRI) If there is some profit taking from the small dip and rally earlier on, don't be surprised if you can pick up a few around $L0.20

Have a great weekend!

SW

Ginko Perpetual Bonds...we'll help!!

Ok, unless you have been under a rock (even a virtual one) you would have heard about "The Ginko Disaster", for a few days you may even catch the site still up here.
We see myriad of questions about Ginko in and around WSE and Hope Capital. I try and help anyone that asks and to be honest I cannot believe, 2 months on and I still see questions like "hi, i had money in ginko, apparently its been moved here..." (to WSE) "how do I get my ginkos?" and "i reset my password but I have no balance...I had over 30000 in Ginko?? what gives?".
So I will attempt to encapsulate this scenario and shed some light on What to do now...
LukeConnell Vanderverre released this announcement shortly after the transition from Ginko to WSE. Although it does explain what has happened, it doesn't really help those with no idea.
I will add to this as discussion opens up but here is a summary:

• Ginko experienced a "run on the bank". Similar type of thing happening right now in the UK with Northern Rock. Banks don't have all your money as "cash". That's a well known fact. So if everyone fronts up and says "I'll take it all thanks." sooner, rather than later, they will reply "I'm sorry, there isn't any left"
• Open to debate (and believe me it has been...loudly!) is why...but to "fix" this problem, Nicholas Portocarrero (Andre Sanchez) and WSE came to an agreement that for each Linden ($L) you had deposited in Ginko, you would be issued 1 GPB (Ginko Perpetual Bond). So if you had $L1000, you now have 1000 GPB's
• Now these bonds were floated to the open market, where you could sell them at a price someone else was willing to buy them for. Originally they were listed with a price of $L1.00, so therefore, if you sold them all, technically you would get your money back (minus the WSE sell commission of 3%)
• Many people would have wanted their cash straight away, understandable with all the commotion! So they were willing to sell them at whatever they could get. Anyone that has ever seen the financial news will know that this causes the price to plunge!
• From $L0.60 during the first day of trading, down to $L0.25 in a few hours, those that caught on a little later would have found that their $L1000 was now worth a measly $L250! Not pretty.
• 2 months on and GPB is trading at $L0.09, still with large volumes, so unless you want to turn your hard earned $L1000 (most people would have had a lot more!) into $L90 (minus $L3 commission to WSE) DON'T SELL!

I wish I could see into the future and tell you that GPB will climb back to $L1.00 or above (which means you could even make a profit!) but there really isn't anything pointing to that. We can only wait and see...
I hope this helps, if you need further information, as always, you can talk to one of the friendly staff at Hope Capital (level 3, you should find a concierge or even Luke himself) or you can IM me in-game or email me.

Good luck!
Logansan Oh
- CEO, Chairman

Subtle changes

You will notice we have added the index chart from slquotes.com. Though not the most reliable source of data, it will give you a graphical representation of the feel of the market both historically and currently. As we are rapidly moving closer to our much anticipated product launch, we will be providing some more in-depth and extensive data to help broaden the view of the WSE market.
Stay tuned...

Please keep an eye out for myself or members of our Company at Hope Capital.

Profits ahoy,
Logansan Oh
- CEO, Chairman

Strength returning

The market has felt stagnant since the start of the week with low volumes and the only moves coming from these small trades. The day saw the last of the rallies that began yesterday and a few late moves from some of the slow trading stocks. Indexed stocks were steady. Traders again capitalising on tiny volumes of large loss/gain. (Makes my job pretty difficult!)
Big movers during the day (AMS-38%), (BMC-33%), (MFM-78%), (VGI9%)

• A.M. Sports Bets (AMS) was a last minute fall with a low $L0.10 setting the stage for a price war that was still under way as I report
• Blumont Capital (BMC) followed AMS' lead with a last minute dash to the ground with a low of $L0.27 with a moderate volume
• Midas Fund Management (MFM) hit the floor at $L0.01 causing a frenzy after Investor Merlin's sell off a day earlier. Funnily enough, the 5th largest shareholder lead the charge on the low price buy back. MFM is currently still trading with volume at a little over $L0.02
• Virtual Games LLC (VGI) a large gaming industry player also caused a frenzy when traders threw out a handfull of shares at $L0.364, down from $L1.14 earlier in the day. A one off sell of a moderate volume secured the price at $L0.355 for the day

Recommendations - I can suggest several stocks to keep an eye on, but with the small volumes causing the bargain prices, I wouldn't be surprised if you don't get a bite!

• Check out (ACE) falling towards $L0.40
• (AMS) for $L0.11 is a bargain
• ...as is (BMC) below $L0.19
• (MFM) should rally back above $L0.10 so buying below $L0.05 could see you double your dough
• (SKY) with a late fall to around $L0.20
• (VGI) will rally almost immediately with a low of $L0.32

Exciting times...let's see some more upwards travel!

SW

Traders

A busy day for traders but a quiet day in all for the market.
Volumes were uncharacteristically low, even Ginko Perpetual Bonds, trading at $L0.09 moved only moderate levels...it's lowest since September 9.
Stocks of note moving in volume were (CIG-45%) and (KJL73%)

• Cooperative Investment Group (CIG) a consultancy for investors and SL retailers had an early fall with a few traders jumping on the low price from a small volume the day before of $L0.426, but failed to land a bite with bids pushing slowly, but steadily up over $L0.50 later in the day
• Kejo Merlin Land Group (KJL) a strong stock based on well backed SL land and development, has been trading heavily recently and with a large spread (0.6 on a $L1.59 ask) I don't think volatility will rock the price.

Recommendations - Not a lot to report with very little announcements released for the day:

• Try and snap up some (SKY) @ < $L0.30.
• Steer clear of (LDI), I fear a trade halt or worse, a delisting in the wings...rules are rules!

Till tomorrow,

SW

Introducing...

Hi everyone. Finally I can get out some of this info that I trudge through everyday...I'll try and keep it simple.It's a 24 hour (7-11, 'we're not always doing business...but we're ALWAYS open') trading cycle, so reporting and analysing on "spot" prices isn't going to give you the best and fairest indication. So to simplify things, I will just let you know how yesterday went and give you some recommendations for the current (SL) day.
Right, WSE as a whole is looking good for today, some of the day-traders were fiddling with the prices last night and recently - submitting 1 share at a silly price to throw out the stats, but overall the market was solid.
There were 14 stocks with fluctuations that triggered the spidey-senses. Many suffering the tampering mentioned above, so I will report on the others.
The biggest movers were AMI(50%), ETC(-50%), HYP(-50%), PPL(400%) and MGB(40%).

• Action Mortgage & Investments'(AMI) Adonis Action has released plenty of information recently and there looks to be some big plans in the works. The share price rallied with low volumes back to above $L0.20.
• Etopia Island Company(ETC) is hot on everyones' lips at the moment with their island development and the share price is following suit.
• Hyperstring(HYP) A seemingly high IPO price that has been steadily falling but a low volume caused such a drastic change which I don't think will last long...
• Midas Group High Yeild Bonds(MGB) I'd like to go back to yesterday morning for this one. A bargain open at $L0.50, snapped up and back to around it's median up to $L0.87.
• Peoplepool(PPL) rallied from a crazy low of $L0.05 yesterday that was eaten up by the major shareholders, obviously knowing this price was well under-valued. The price quickly rose back to it's comfort zone of $L0.21.

Recommendations - I'm not diving too deeply into these at this stage but 2 stocks of note to keep your eye on:

• HYP @ $L13.05 - a big drop on a recent steady price.
• VGI @ $L0.30 - again, a massive drop that's uncharacteristic. Bargain.

'a little premature'

We are so excited, we just can't wait any longer! We have so much information to share we're just about to explode...as such, we feel it is time to begin our reports on the current state of the WSE market:

Enough of the formalities...I will let our Lead Analyst - Splinkrot Writer take over and let you know about "the days play" (yes, I am a cricket fan)

Hard at work or hardly working?

Well, it's been a little over 2 weeks now and the wheels are well and truly in motion.

Research and development on our products has ramped right up and soon the fruits will be ripe for the picking.
Being the CEO, I decided to act like one and take a well-earned break over the last 2 weeks and headed to Mauritius with my partner. (It's what CEO's do isn't it? Junket?)
But planning and design didn't stop and there was plenty of work completed in my absence. (Thanks guys!)

I know we haven't been totally forth-coming with information about our products, but this is a lucrative business and we want to keep tight lipped with our intellectual property as we have spent many hours labouring on it.

For now, I can let you know that there will be regular updates to this blog and our official launch date is still on track for October 1st. (2007) I think it's fitting that it will fall on "Labour Day" in New South Wales in Australia...

So, keep up with us and I promise you won't be disappointed in the coming weeks.

More shortly...

Logansan Oh
-CEO, Chairman