Thursday, October 25, 2007

There's always 1...*CORRECTION*

Over 2M trades again today as Midas Group Financials (MGF) struggles with major shareholders selling off and day traders skimming small profits from large trades. In other areas there were healthy volumes around some of the stronger stocks: (HCL8%), (KJL-23%), (MAI10%), (MGF100%), (PPL67%) and (RLX-62%)

  • Hope Capital Limited (HCL) found support in the upper ranges of $L1.20's before traders sent it back to $L1.07
  • Kejo Merlin Land Group (KJL) suffered as an unlisted shareholder (or a whole-bunch-o-traders) dropped out of the land conglomerate and saw holders Delicious Demar (DSE, DDE) and *CORRECTION Yesterday I stated Erid Yerd was CEO of PPL, it is Erik Goff (sorry guys) *Eric Yerd (majors - LLL, DDE, THI) increase their positions with the cheaper price. Down to an uncharacteristic low of $L0.53
  • Mainostaulu Network (MAI) rallied on yesterdays lowest mark since IPO after another positive announcement that 1000 billboards have been reached and a "huge dividend" is apparently imminent. Closed the day on $L0.80
  • Midas Group Financials (MGF) after hitting the 1c mark yesterday, (MGF) found support in the 2's today as news rolled on of a come-back...remains to be seen. Go traders go! It's also interesting to note, Ootje Timtam help a 20.20% stake around 2 weeks ago and most of the sales in teh past few days have been from this investor (or 'outvestor' - yes, i know; devestor). This position still exists, but has whittled for the CIO to 7.51%
  • Peoplepool (PPL) with a sharp rise on positive news from CEO Eric *CORRECTION Goff* that September was an "outstanding month" and WSE concierge MouzurX Wise increasing position to 1.99% sending the support well over $L0.40, finished up today at $L0.30
  • Real Life Investment Fund (RLX) took a solid profit taking day on yesterdays advance seeing a sad end of $L0.15
Recommendations - What can I say but BUY EVERYTHING! Seriously, there are a few companies that really fit the mold of sustainability & profitability, pending any major mess arounds (and yes, there may well be...) the sky is the limit!
  • (HCL) is still loitering around the lower levels of last weeks prices as the day traders try and take the last of their profits before the 'big boys' move in. Grab it around $L0.80
  • (MAI) with a rally towards the IPO of $L1.00 almost a certainty and positive news not spurring the market as it should, this could just be the ugly duckling you need to push that portfolio on @ under $L0.80...cheep! cheep! (yes, it's a birdie)
  • (RLX) not a great reason, but Luke's in...so why not grab it while it's at a measly $L0.15, it shouldn't break the piggy-bank
  • (TGB) with an imminent long-time-coming dividend, some major products ready for launch (escrow) and a high-end spread up to $L161.00, someone is stoopidly ridding these things!! ARE THEY CRAZY?! Only $L105?! Maybe they wanted steak knives too...
'ere we go, 'ere we go, 'ere we go
SW

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