Friday, September 21, 2007

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

0 comments: