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
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