Just when you thought it was safe to go back into the water...
Big news today around the banking and finance world today with major hacks draining funds and sending the media into a frenzy. (It's not usually my place to comment on these, but Logansan Oh is pre-occupied with RL, so this report also won't hit WSE till later.)
Coverage has been quite extensive around the place beginning with Lindsay Druart' s blog with one of the first announcements and with new kid on the media front (well, it's a new blog anyway) Dragon's Bite covering the other alleged strikes.
Lindsay, CEO of (LLL) on the World Stock Exchange also released a statement to alleviate pressure surrounding the connection of the two related companies. With (LLL) still in SPO at the WSE, it is uncertain if investors were actually respondent to the news.
In the markets, there were several noted movements on yesterdays turmoils with (AMI82%), (HOT2%), (PPL-29%), (SLM29%), (PFW-40%) and (GFP-99%!)
- Action Mortgage and Investment (AMI) broke away again with moderate volumes driving the stock up to highs of $L0.40
- Kush Islands (HOT) grew again with continued interest seeing the stock close up at $L2.64
- Peoplepool (PPL) lost it's profit angle again seeing another drop, it's third cycle in as many days falling back to a modest $L0.68
- SL Marketing (SLM) also rallied the weekends falls gaining $L0.19 with reasonable confidence in the upper levels of the spread sending the price to $L0.84
- Parks Fireworks (PFW) suffered it's first blow since the last announcement from CEO Allen Parks who expressed aggravation at the markets persistence at lowering the price, with major shareholders buying in, it doesn't appear to be panic stations @ $L0.95
- Geyl Fapp Productions (GFP) began the day on a more 'realistic' note, from the $L500 share sold late yesterday. Finding it's correct feet again, the price continued a strong run with early support at $L0.75, 1 strong buy-in at $L0.97 and again the sell price was exhausted leaving only 'significant' prices left up for grabs. Someone is making solid gains here!! Let's hope it's more than 1
- (HOT) seems to have a lot of trade volumes around the spread leaving it open for a good position take. One of the strongest @ $L2.25
- (PPL) as stated before, lots of movement in and around the 30% mark, making it a prime target at the base of $L0.40
- (SIM) without the ability to short sell, there isn't a clear profit run, but I am seeing a quick fall on these at the current price of $L0.86. It's not a fortified fall as the price seems to be in the hands of 1 major shareholder, who from previous indications won't let them go for a song
- (PFW) Proving itself on the financial market landscape, 'honest' announcements from the CEO, the latest being a better than expected Financial Report for the month to 18th Nov. A bargain @ $L0.95
So, here's to another sleepless night ahead...
SW
1 comments:
I didn't expect another decline for PeoplePool...it's thinly traded. However, it appears that it's not just me who thinks that SL's next evolution phase in the economy will be a more mature business with more longer-serving employees - which generates a lot of business for companies such as PeoplePool. PeoplePool's profit has grown more than I'd ever imagine in September, and I think that the profit-per-unit-of-revenue earned was very, very positive in October. I'm not sure what to expect in the short term of the new project, as I'm not completely aware of the nature of it, but it seems to be a good project to balance PPL's revenue more, because it has relied on just one project - providing 85%-95% of it's revenue - the past months.
*Disclosure: I am PeoplePool's largest shareholder behind the CEO.
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