Friday, November 2, 2007

Oops, I'm a bit late

Sorry for the lack of a post yesterday, RL was hectic and I'm not feeling too well: Anyway, here's the wrap as I saw it yesterday, with some updates from today also.

Massive few days on volumes, maybe everyone still had Halloween headaches the other day?
Efficiency was closing in for the heavy penny stocks with parity for (WTF) almost reached below the NTA at only $L0.05. Big news came for the other farthings as WSE ordered a trade halt "pending an important announcement"...seems likely (MGF), (MDC) and (MGB) will become WTF's soon enough! More on this as news comes to hand.
Ball rolling though for the following: (DDE3%), (HCL7%), (LGO-42%), (SIM-53%) and (THI-23%)

  • Delicious Demar Enterprises (DDE) Entering into Secondary mode at $L2.75 today after a pretty tired week slipping under $L3 with the announcement last week. After tailing to $L2.61 early yesterday before the IPO, things just managed to pickup before the halt
  • Hope Capital Limited (HCL) Strengthened as the market began to recover and I guess the overall feelings improved with promised dividends from other stocks came through and LukeConnells presence around the WSE to answer any queries. Closing up at $L1.40
  • Logo Coding (LGO) After a tumultuous week of trades and major shareholder Axe Gretzky unloading over 7k of shares in the last 2 days, the design company struggled down at $L0.51
  • Sienkiewicz Investment Management (SIM) Fell again today with major shareholder Shaun Altman dropping a huge amount of shares onto the market sending the price down to $L0.51. Even with news of Simlicious being ordered, it was not enough to keep the price steady with this kind of sell off
  • Tao Group Bonds (TGB) suffered late yesterday with one unconvinced investor dropping 160 of the heavily priced stocks at a record month low of $L0.90. Major shareholders jumped at the opportunity and there was a frenzy as over 2.5k of invested volume pushed the stock back to a more respectable $L101.00
  • Tao Heavy Industries (THI) as confidence wains on the pending dividend and a slow but steady repositioning of major shareholder Eric Yerd (3.08%) sending it down to $L0.40
Recommendations - Plenty of action, even with the lower volumes, there are profits to be had as the smaller stocks get renewed interest. There's still 2 weeks before the possibility of any new stocks hitting the floor!
  • (AMS) Spec buy as we watch for anything lower than $L0.17
  • (HCL) Heading back towards $L1.00 is a definite speculative BUY < $L1.15. It won't be heading down for long
  • (THI) I cannot stress enough that (THI) is promising and I just cannot understand a sell-off from a major shareholder at this time. $L0.40? Spec buy
  • (SIM) I have 4 letters - R. I. S. K. The warning signs are there with a major cash out without any notice to the market (tut tut)
Catchya later!
SW

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