Sunday, November 18, 2007

BACK! ..and it's all been happening!!

My trip was amazing, thanks for asking. Good to see the folks and finally get the interstate meetings out of the way.
Down to business:
It's taken me a few days to get all the updates, so sorry for the lack of a report on Friday. I'm sure there are some items I'm not 100% across, but I will try and do a few extra articles over the coming days to get them all and get back on track.
So, let's start with the weekend:
Volumes are ballooning and it seems there are a few issues around the exchange with stocks crashing out for no see able reason. Case-in-point; (ALL) fell to $L0.03 late on Friday with (AMS) and (TMA) following suit on Saturday. One theory for these drops is sabotage; the volumes are too low to cause the stock to completely crash, but they do make the market indices look rattled and lower investor confidence. One thing for sure though, if there are people out there willing to drop shares on the floor for a pittance, the smart money is in picking them back up again!
Other movements of interest over the weekend were (ALL-15%), (AMI85%), (HOT44%), (LWI880%!), (MYT-40%), (PPL55%), (RDX41%), (SIM-15%), (TMA4900%!!), (MAI-8%), (CAR-19%) and (GFP-75%)

  • Alluris Estates (ALL) came back with a vengeance to peak at $L2.46 from it's $L0.03 crash, but having suffered the most significant volumes (20k+) after a slide during the week, even $L2.00 looks too optimistic with only 23 shares traded since the low
  • Action Mortgage and Investment (AMI) has slipped around all over the place over the last few days getting right down and dirty at $L0.20 before rallying back at $L0.37
  • Kush Islands (HOT) fell back towards a week low with smaller trades getting it stripped back to $L1.80 before some solid investment at $L2.25 and currently $L2.60
  • Lemur WSE Index (LWI) has been halted at the request of Casper Trebuchet (CEO) as it went through tremendous fluctuations slipping to $L1.51 topping out at $L79.99 before being halted at $L15.00. Casper explained last week he saw some suspicious transactions on the index, so, it is little wonder he ordered trading to cease.
  • Mythlands (MYT) turned around last weeks rally to fall back into $L0.03 territory
  • Peoplepool (PPL) after going ex-dividend suffered a plunge, first to $L0.70, then way down to $L0.44 before rallying most of the second fall to sit currently on $L0.68. Volumes remain relatively low
  • Redux Technologies (RDX) was another hot-shoe-shuffler sliding to $L0.82, rallying $L1.13, back to $L0.80 and currently back up at $L1.13 again (maybe Sportsbets Writer is pushing them a little hard in the chat!?)
  • Sienkiewicz Investment Management (SIM) found plenty of support as it lost some of the ground after positive news last week. Heavy investment at $L0.79 gave it enough strength to reach up to $L0.90 before resting again back to $L0.76 with a small trade
  • Trouble Maker Approved (TMA) as stated above copped a belting with a crash price but volumes weren't high enough to cause concerns, sitting volatile on $L1.50
  • Mainostaulu Network (MAI) has been trading pretty well, seeing volumes well up to over 40k as Fridays $L0.60 triggered a BUY for many investors, driving the price up to $L0.73 as profits were taken off the table pulling the high back down to $L0.66
  • MH Motors (CAR) only just over a week old on the floor and seeing plenty of interest catching many investors with a promised and delivered $L0.10 per share dividend. Over 70k of shares has changed hands in the last day or so with prices steadily declining since the dividend payment. Starting the weekend around $L1.75, quick winners bailed out and it started the day today on $L1.10 with a small trade
  • Geyl Fapp Productions (GFP) although steady since yesterday, there was plenty of action over the weekend. Strong confidence early in the weekend also saw 7736237 Paine(37.51%) racking up shares on 17th, single-handedly pushing the price well up over the IPO to $L0.99. Some profit taking this morning with 100 shares back at IPO price of $L0.25 (edit: Sorry, I spelt your name wrong Geyl!)
There were 2 delistings over the weekend, both of which were pretty well foreseen with (ACE) and (PMI) both not conforming to announcement and financial reporting rules.
The big news on the HALT front are Chao Mu's (TGB) and (THI) which, after much speculation of whether he would pull through with the promises, appear to have gone to the dogs, leaving investors hung out (including Logansan Oh) by their unmentionables!

More details to come later today and I'll fill you in on where the openings and possible dead-ends are!

L,
SW

6 comments:

Anonymous said...

Nice to see you back. Logansan Oh did a fine job on blogging while you were gone. It's nice to see a site keep up on SL investing. thanks,
Kara Ceawlin

Splinkrot Writer said...

Hi Kara, thanks for your feedback. I'm glad to see someone is taking notice.
I've read through last weeks data and the site and it does seem like it was a pretty bug week!! (what's new!?)

See you around.

Splinkrot Writer said...

...*big

Anonymous said...

...yeah keep the nice blogging going.

PS: Not pushing them...buying them ;)

PSS: Catched some Bluemont Capital (BMC)@0.2~ (CEO answered my questions quick..i always do research before buying a stock since my PNK mistake :(

see ya

Splinkrot Writer said...

thanks for the response Sportsbets :)
You might find yourself on the panel here soon!! (just don't steal my job..)

Anonymous said...

Yes, I happen to be fond of the blogging as well. It makes for great reading.

-Jon Desmoulins
CEO, SL Marketing