Tuesday, September 18, 2007

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.

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