Tuesday, November 6, 2007

Where for art' thou Chao Mu?

Both Logansan Oh and I have tried repeatedly to contact Chao Mu (THI, TGB) in-world to no avail. Next step is the board members as investors confidence wains and patience is stretched.
The market rallied most of yesterdays losses to return to it's start of the week low. Helped by a few movers in the remaining penny stocks and some healthy gains by the bellwethers: (APZ-35%), (FKH31%), (HCL-1%), (LLL27%), (TGB22%) and (THI-8%)

  • Apez Corp. (APZ) Alarm bells with a trade halt on (ACE) Apez's currency exchange pending an announcement. Investors continued dumping the struggling stocks sending the price well-down to almost month lows of $L1.20
  • Flying Kitten Holdings (FKH) as promised, I have been taking a look through this companies numbers and it seems, while volumes are low, the spread is somewhat overlooked by traders seeing the see-saw drop to the fat kids side of the park today resting back on a high of $L11.96!
  • Hope Capital Limited (HCL) after an early profit taking session saw the stock fall 5 points, clever investors stepped into the gap, making a break up the middle falling short of the goal line at $L1.37
  • L&L Land Sales (LLL) also rallied yesterdays losses to return to $L2.00 flat
  • Tao Group Bonds (TGB) lack of information on the defaulted dividend payment hasn't deterred some investors rallying yesterdays losses to return to just under $L100 towards the end of the day @ $L99.99
  • Tao Heavy Industries (THI) still on a slippery slope losing a further 3c today to fall back on all-time lows (discounting the end of September shock of $L0.10) of $L0.33

Recommendations - How do we choose!?
  • (BMC) shrunk a little this morning and volumes increased along with the spread. Healthy gains to be had around the BUY of $L0.22
  • (LLL) with land stability returning and positive news from the land sectors companies and Lindsay Druart placing some of the workload in the hands of trusted friends, certainly leaves room for growth. Accumulate @ <$L2
  • (FKH) How many kids need to be on the other side of the see-saw to drop it back over the low end? Keep your eyes open 0.0
  • (THI) as the days tick over the risk increases and the ROI grows. I am now sitting on the fence...waiting...
Until tomorrow,
SW

1 comments:

Anonymous said...

I ve checked yesterday, Chao was not online since the October 31st.
Being a major shareholder, now i am not very confident ......
Also, i ve tried to find in internet were was his new website (the sl escrow) hosted, no luck.