Plenty of action around the market again today, with an early flip on yesterday and a slow steady drop to a loss for the day. A huge announcement from Delicious Demar regarding (DDE) and (DSE)'s future caused waves and some pretty huge fluctuations in (GFP) sent the market indices in a spin.
As I mentioned in the title we saw: (CAR-26%), (DDE1%), (DSE-15%), (GFP18%), (SKY-11) and (SNE-11%)
- MH Motors (CAR) Feeling the pressure of the dividend hungry market after ambiguous news about the next payment, one large sell and a small trader spot saw the price retract to $L1.61
- Delicious Demar Enterprises (DDE) stammered around this morning only to see a 1% gain over the day finishing up on$L2.91. Not good news for (KJL) holders, but I think we all knew that at this point. Let's hope DD is right...
- Delicious Skins (DSE) whithered with acquisition talks as investors saw the potential merger a sign of a failing reinvention. Could be the best news for the company yet? We'll soon see. The price fell back to $L0.88
- Geyl Fapp Productions (GFP) after the early morning craziness of $L19.00, the price settled back at $L0.60. But look at that spread!! Oh dear...
- SKY Investment Funds (SKY) saw plenty of late action today in the market with over 10k shares dropped out sending the price back at $L1.00
- Sarah Nerd Estates and Mainland Holdings (SNE) 3rd major shareholder Stephen Zenith increased his position to 1.16% but it was in his benefit as this sent the price down to $L0.66
- (SKY) can't go past this great buy @ $L1.00
- (MYT) I have to say, after THI and TGB were sent into the WTF, my conception of the fund has skewed and anything falling under the price of WTF is now an instant BUY!
- (RDX) profit taking on the back of the announcement from the CEO has seen this shrink, sitting again at a BUY price of $L0.89. Would be putting this in as a LONG.
- (CAR) purely speculative BUY if we take the positive side of the announcement that the dividends will be paid weekly...a bargain at $L1.61
SW
2 comments:
Agree nearly totally with you recommendations ;)
SKY - Strong Buy <1.10
MYT - Strong-Buy <0.03
RDX - Buy (Long) <0.90
HCL - Buy (Long) <0.98
LEM - Buy <1.50
DDE - Hold
CAR - Sell
AMS - Strong Sell
..i give SLM also a buy @0.6
Post a Comment