I know I am a little late with this, but it is hard to cut away from a 24hr rolling market!! (I haven't had much sleep in the last few days) Anyway, sleep is for the weak, onto stocks.
With the recent announcements and investor confidence beginning to return slowly from the weekend outage, there is definitely some movements with rallies for (AMI42%), (LEM11%) and (SLM41%). There were also some slides from newcomers (PFW-29%) and (MAI-23%) and an old favourite (GAL-35%)
- Action Mortgage & Investment (AMI) again rallied and seems to be trading solidly within it's spread
- Lemur Invest (LEM) began it's rally after a small slip late last week on the back of profit taking after a great dividend announcement earlier last week
- SL Marketing (SLM) saw a late rally return it to recent highs, though at the time of writing, some smaller-yet-growing trades are pulling back. Looks like profit taking
- Parks Fireworks (PFW) experienced it's biggest decline since IPO which, again at the time of reporting, Allen Parks has released a fantastic report and the share price is on it's way back up. More on this later today
- Mainostaulou Network (MAI) an advertising agency headed by Tyrian Camilo seems to be suffering some post-IPO jitters. There are a lot of comments out there about this CEO and his companies impacts on the SL landscape, which also may be tarnishing this stocks profile
- Games Ltd. (GAL) although smaller volumes are shedding the price on this one, it's possible the ties to Gambling make this stock volatile. Around 6k in volumes around the $L0.49 mark
Recommendations - There isn't a lot I can tell you at this stage, but as I have left this report until the end of the slow period, I will make sure I come back during the onslaught with some more solid crystal balls ;)
- (AMI) jump on board for the spread ride while this stock performs inefficiently. I can tell you a BUY at under $L0.11 will see you rally towards $L0.20
- (LEM) and come to think of it, anything to do with Casper Trebuchet seems to turn to gold, if you can get if this drops, you can rest assured it will rally shortly after
- (GAL) another one I cannot stress enough, Gaming won't go away (just take a look at Tao) and this will perform well around the spread
SW
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