Thursday, October 18, 2007

No time for cheese and biccies!!

Not a lot of news around today, but plenty of trading around the usually quiet stocks. Plenty of movement as the market declined and investors rushed in for the mid-week specials; (108%), (DTR-94%), (MAI-12%), (MGF-75%), and (RDX-47%)

  • Action Mortgage and Investment (AMI) Investors returning with the promise of the resumption of dividends and the chances being high with the sale of the Millionaires Mall being approved from the Shareholder Resolution. Stock closed at $L0.25
  • Daztec Rentals Group (DTR) suffered a crash as Gen Ferraris(20.04%) sold 100k @ $L0.02. There has been no announcement since August 13th...I sense the heavy hand of WSE and the delist monster
  • Mainostaulu Networks (MAI) With 2 major shareholders fighting for price supremacy, this newcomer is beginning to find it's feet, unfortunately in the negative territory. Finishing down @ $L0.64
  • Midas Group Funds (MGF) Beginning to show the traders edge of (GPB) and matched volumes today. Finishing down @ $L0.01
  • Redux Technologies (RDX) Crashed again as day traders showed up the major shareholders and Talal Wade buying back in after the late September sell off. Closed down @ $L0.53
Recommendations - Bargains were snapped up overnight but still room to move as volumes continue:
  • (HCL) I have been right all week, so why not stop now. The bellwether will return to grace
  • (HOT) Slipped a little today, but the BUY orders are way down @ $L2.55. If you can get in around this price you'll be laughing all the way to the WITHDRAW button
  • (RDX) No danger signs after a crash, so if any holders are willing to part with this well-underpriced equity, I suggest taking them up!
  • (MGF) Not the safest bet with Midas Commons' track record, but a $L0.01 buy with a 300% movement in the spread should yield some profits
  • (GPB) Topped out with investors not interested in venturing into the $L0.07's. Volumes were didn't break the 1M mark for the 24hrs
  • (DTR) I will end with a caution, as CEO has not given an announcement since "family illness" and a major shareholder bailing out, I wouldn't be surprised if we see this equity go the-way-of-ol'-PNKy ;)
Stay sharp, lots of bargains around as the market recovers from the recent turmoil.
SW

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