After steady, solid rises all week, it seems the market peaked over the weekend and began to recede on Sunday. This was helped by the fluctuations in FAG (BPV) and some adjustments will need to be made to our analysis tools to allow for the recent stock split. Me thinks this plays havoc with other indices like SLQuotes as well.
Biggest news is DDE is back on the floor and as predicted, shot up with some early profit takes ensuring that it didn't quite hit the roof just yet...
- (DDE) selling out of SPO just in time, opened with a 34% increase and I dare say when everyone gets back in later today, this will change dramatically. I've been chatting around the trade floor and noticed differing opinions on where this will go. My bet is a $L5.00 ceiling on some small trades, settling back at $L3.50 with an upwards lean. Delicious Demar even speculated a $L4.00, which is still on the cards after the dust settles...just wait until Xmas!!
- (FED) resumed trading with profit reports and information that lead a small brigade into a huge rise as the price soared 111% to $L1.90
- (PFW) had a lackluster weekend sinking to $L0.22 before the bulls rushed in pushing back to $L0.60
- (SUN) still hitting the news and still for all the wrong reasons, after a stock up-split saw the price back in record territory, the profits have been removed from the picture and the price is back to where it started from at $L0.55, still, it was up 90% from the weekend lows of $L0.29!
- (SIM) have both been harping on about this for a while, dividends are back, profits back and the price is steady at a low of $L0.89
- (PFW) still suffering the traders blight, may need just one solid LONG to save the price (and calm the CEO!! haha)
Logansan Oh
- CEO, Chairman
(Cosmetic edits performed - SW)
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