QUIET! QUIET, QUIET QUIET!

Middle of the week weekend again as volumes dropped below half a million trades. The market took a major downturn early in the day only to pull some of those losses back to finish on average down 7%. The penny stocks barely moved and the popular stocks from earlier this week were the only ones seeing any action: (AMI-20.0%), (AMS66.7%), (HOT5.0%), (LEM21.1%) , (RDX-33.3), (SLW-2.9%) and (CAR4.6%)

• Action Mortgage and Investment (AMI) dropped back to it's bottom line position today at $L0.28
  
• A.M. Sportsbets (AMS) still not releasing any news and still tempting punters on a quick buck, picked up where yesterdays drop left off to recoup the losses and strike the $L0.10 mark
  
• Kush Islands (HOT) hopping around all over the place today seeing a low of $L0.80 and attracted many of the Christmas shoppers as the price quickly recovered to hang around the $L1.60, closing the day on a very unstable $L2.10. I expect a few more moves before the day is up!
  
• Lemur Invest (LEM) Sent out a positive sentiment today on the future and current standing of the House of Derivatives. The market was obviously interested and the underpriced stock picked up steam to end on $L1.55
  
• Redux Technologies (RDX) struggling in many areas (including the numbers!) and jumping around with (HOT) today hitting a low of $L0.60 and highs of $L0.98 to close down at $L0.66
  
• SLWizards (SLW) began the tough road of post-SPO with some improving volumes and a small loss to hit below the SPO price at $L0.99
  
• MH Motors (CAR) still proving itself as the bucker-of-all-trends, saw very healthy trading today (over 50k traded) and managing to keep the movement facing north up to $L1.59
  

Recommendations - With the market dropping to this months lowest, there are bargains all around the place.

• (AMI) If you have been following the motion on this one, it's heading towards the trigger of BUY @ < $L0.26
  
• (AMS) as I stated before, high risk due to no announcements, but if you had followed the waves, the profits would be yours
  
• (LEM) Trading well below NTA, positive news from Casper and plenty of room for movement (upwardly), this is a BUY @ < $L1.50
  
• (SKY) Watch for movement off the spread, move on the low with anything under $L1.40 a BUY
• (LHH) This one needs a little more explanation, a derivative is an instrument (a stock we will say) that is based on (derived from) another fund/stock or similar (basically, it can be derived from anything with value, monetary or otherwise). This particular derivative is based on the price of (HCL). It has reached the top or barrier price now, so the guaranteed return on this is a minimum of $3.67 per share!! So having said that, it seems the spread is where to make both profit and find the bargain for this longer term return. Definitely a BUY @ < $L2.50
  

The silly season is upon us!
SW