Thursday, November 1, 2007

Slowly...

...but surely. A firm day in the market with lower volumes on most, profit taking on yesterdays gains and rallies on yesterdays retractions. Pretty even all round.
'Plays of the day': (DDE11%), (HCL-2%), (MYT20%) and (SRI25%)

  • Delicious Demar Enterprises (DDE) regained most of yesterdays slips as investors rushed in for the red-light-special, sending it back toward the $L3 mark on $L2.89
  • Hope Capital Limited (HCL) found support back up at $L1.30 early in the day only to shrink the gain from yesterday down @ $L1.22
  • Mythlands (MYT) struggled it's way back up to $L0.06 today on strong volumes
  • Spontaneous Rich Investments (SRI) put on a song and dance finally to show the market it was capable of drawing crowds to $L0.20. Still a bit to go
Recommendations - Pretty easy one today with some blatant weaknesses
  • (BEX) is flying under the radar on fluctuations at the moment after a small trade sent the price to the floor last week. A newby with a firm grip (huh hmm...pun! pun!) on one of SL's niche markets. Shouldn't last long below $L0.80, so get in @ $L0.74 while you can
  • (SNE) it's just a hunch, but plenty of action over at your2ndplace.com and a slip 10% today, my tum-tum says buy-buy @ $L0.81...maybe watch for a quick fall over the next day or so
  • (HOT) Why such a large spread? We have followed this one for months and can't fault it. If anyone is silly enough to part with these under $L1.90, don't tell them they're silly, buy first...explain later
  • (DDE) Secondary to start at $L3.00...current price $L2.89...by my calculations...BUY!
I'll get you next time Gadget...
SW

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