What are you waiting for?

Average volumes today and not much in the way of movements. Plenty of news around with another WSE stock being added to The Rock Insurance Co. listings of insured companies, a less-than-inspiring financial report and more importantly WSE announcing a market-wide review of companies not posting reports for the last 30 days (don't say I haven't warned you!).

Etopia Island Company (ETC) a promising SL eco-company has released their first financial report for the month of September. Over-whelming expenditures are a cause for concern as they have not been addressed. Further, Prim Chemistry (also a major shareholder in LEM) has been on a selling spree for over a week now, reducing position to 4.44%. The share price is sitting volatile on the last small trade at $L1.24.

Today we will take a look at (MFM), (RIS4%) and (LEM-34%)

• Lemur Invest (LEM) run by investment guru Casper Trebuchet suffered today in-line with (ETC) as major shareholder Prim Chemistry offloaded another 3k shares on top of yesterdays big dump. The position now at 1.47%. Shares in LEM hitting a low $L0.78.
• Midas Fund Management (MFM) with the thought of "fund" management giving everyone the frowns, it's not hard to see why Midas Commons and his companies are in the firing line at the moment. All news aside, (MFM) is becoming the quiet (GPB) as trading outperforms trusted equities and gains are there to be made. Still trading in the low $L0.06 to high $L0.08 after yesterdays major shareholder buy-in
• SL Risk (RIS) after being listed with The Rock Insurance Co. major shareholder activity in the BUY direction pushed Travis Ristow's position to a massive 4.57%. (RIS) is sitting precariously under the IPO price of $L1.00
  

Recommendations - Easy to pick these, but I suggest some due diligence as WSE announcement (see above) will put the cat amongst the pigeons.

• (LEM) We will be chasing Prim Chemistry for a statement, so I give this a cautious BUY @ $L0.80 based on CEO confidence and company performance.
  
• (MFM) With major shareholder confidence and investment in MDC and MFM, something looks shiny over in the Midas lands again...another cautious BUY, but with big volumes on 1 to 2 linden cent movements, this is a little easier to swap than GPB's.
• (RIS) A long-buy under $L1.00 as confidence returns. Stay tuned as we seek info on the performance of slrisk.com 's services
  
• (THI) Listed with The Rock Insurance Co., solid BUY recommendations from Logansan Oh and let's face it, solid outlook for the SL Escrow and the possible return to profitable and legal "gaming", a sure-fire bet for BUY below previous highs of $L1.20

See you all tomorrow,
SW