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
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