Volumes returned again today (welcome back people!) and there were a few heads on the chopping block right from the get-go. The market was slightly down lead by some dreadful single stock moves (at least it was stronger than the DOW today!!): (AMI-30%), (ETC-42%), (HOT-10%), (SLM-24%), (SSP100%) and (GFP-54%)
- Action Mortgage and Investment (AMI) went through a shrinking cycle today with market traders dropping out and major shareholder Stryker Yoshikawa continuing to increase position (15.73%) Down to $L0.28
- Etopia Island Company (ETC) has a deep rift between the buy and sell and this is causing some bouncing, even with small volumes at each end. Anyone for tennis? (Just a friendly 'game'?) Down to $L0.66..no wait up at $L1.13..no wait, down...
- Kush Islands Group (HOT) falling heavily today as CEO Rockwell Ginsberg dropped 10k onto the market at $L2.25. No announcement...???
- SL Marketing (SLM) gets it's third mention in a row with a strong veer to the ground today dropping again as the yo-yo's string suddenly got longer...down to $L0.44
- Second Street Partners (SSP) not one we follow closely but the volumes have been steadily increasing and fluctuations today were massive! Closing up at $L0.18
- Gely Fapp Productions (GFP) suffering some teething problems with what looks like the rogue shares hitting the market the other day remaining a thorn in the side for the overall price. Still above IPO, so let's hope it stays over $L0.55
- (AMI) might continue to fall, but there is room to move up @ < $L0.25
- (HOT) already a little late, but try and beat the traders to the punch @ < $L2.25...but I would be asking the CEO a question before I clicked 'confirm'
- (GFP) Geyl is an active member of the SL Economic community popping up in a lot of the banking and finance reporting forums and websites with focused opinions. Why do I say this? Character building. (it's important, write that one down) I suggest at the very minimum a HOLD at this price, I see no reason for any SELLS at this stage. As this company grows, expect to see the price follow
SW
1 comments:
(edit: Sorry, I spelt your name wrong Geyl!)
Hehe, no problem :-)
Still following your reports. It is an enjoyment to read them!
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