Monday, November 12, 2007

Rant was called for; Anti Money Laundering?!

Splinkrot Writer is away on RL business so I will be taking over the daily reports. I will not get into recommendations as she does but I will try and point out areas of the market to watch.

Well, the weekend was slow but regathered from it's spectacular tumble on Friday. Lead down by LWI and SUN, these stocks re-emerged on top only to accusations of money laundering!

Casper Trebuchet, CEO of Lemur House of Derivatives, announced yesterday that he thought there was something fishy going on and WSE chimed in shortly after with a warning that trades would be closely monitored.

  • LWI was down 60% early Friday and returned on Saturday with a 464% increase.
  • SUN similarly suffered a 65% loss only to creep back 17% the next day and a whopping 392% the next

In other news TGB and THI are still in decline as it appears that the CEO has gone AWOL.

Yesterday saw a rally in many of the Friday stock lulls:
  • DSE was up 22%, also on news from Delicious Demar that the skin merchant was re-vamping the brand (and "gettin nekked!")
  • FDE surged 39% to $L0.53
  • HCL gathered 4% only to see profit taking today ease it 9% back to $L1.20
  • LLL entered secondary (finally!) sending the price up 22% from last weeks falls, finding plenty of support letting over 150k go already today
  • PPL regathered 47% yesterday and still found support today at $L0.75
  • SHF surged both days up a total of 27% to $L0.65
  • SSP was the only one bucking the trend today (aside from the struggling Chao Mu's) losing 26%
  • WTF was steady on a parity of $L0.04
  • CAR regathered it's strength and continued it's strong run back up to $L1.22. Nice
So plenty of movement around and after all the commotion, the market was back to the cusp of last week.

Let's hope it can keep it going!

Sincerely,
Logansan Oh
- CEO, Chairman

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