Tuesday, October 9, 2007

Is SL down? Where is everyone?

Quiet day but again I think it's the calm before the storm with SL Grid to come down in a few hours. Volumes in the regulars and a few brief announcements saw the following movements: (AMI6%), (BPV6%), (MFM50%), (PNK-83%)

  • Action Mortgage and Investment (AMI) Adonis Action announced today that a shareholder group has been created and a meeting will take place this week to discuss company matters. Investors took on around 8k in shares for the day pushing to price up to $L0.17
  • Black Pearl Ventures (BPV) released the financial statement for September with some promising results and a comfortable cash-flow, pushing the price up to $L0.90 before some profit taking pulled it back down on small volumes to finish at $L0.63
  • Midas Fund Management (MFM) Xiang Miles (9.33%) continued the buying spree today as MFM surged to $L0.09
  • AtomicPink (PNK) Suffered the major shareholder curse today as Paci Barbarossa's position declined to 2.25%, sending the share price to an astonishing low of $L0.02 before some savvy investors charged in for the bargains with BUY now sitting above $L0.08 without a bite
Recommendations - Mixed sentiment today but a few words of caution and some bargains still out there:
  • (PNK) of course, a solid company and anything under $L0.25 is a steal
  • (MFM) beware, without any confirmed company details from Midas Commons in some time and the WSE review in progress, I am not liking anything resembling "shady" at the moment. A BUY under $L0.05, but don't follow the major shareholders just yet
  • (THI) I recommended this yesterday I know, but where there's a bargain...
I will be watching closely over the next 12 hours for major activity to return. In the meantime, I have to go try and catch some CEO's
Catchya,
SW

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