monday trading, page-8

There are runmours flying everywhere regarding the "anticipated" high grade results. Until the announcement is officially released then they are nothing more than rumours but a lot of traders will follow the old saying "Buy on rumour, Sell on fact".

Technically, EXM is trading in the upper half on a very strong upward trending channel since 17/08/2007. Whilst friday's action has left a rather ugly set up for monday, she did bounce perfectly from the rising center trend line. My short term target for next week would be around the 0.049 mark.

Relative Analysis
First Listed: 02-12-2005
Record High: 0.048
Record Low: 0.011
Record Volume: 224,177,576
6-month High: 0.048
5-day EMA: 0.043
10-day EMA: 0.042
15-day EMA: 0.041
30-day EMA: 0.039
Avg Volume: 59,252,463

Snapshot 15-12-2007 13:47
Last Traded: 14-12-2007
Last Price: 0.043
Ticks: -1
No. of Trades: 188
Volume: 29,775,100
Opening Price: 0.045
High Price: 0.045
Low Price: 0.042
Buyers: 0.042 (26,507,163)
Sellers: 0.043 (50,495,352)

The market depth match up also looks a little ugly but quite often does when stocks rise this hard and this fast. Remember, she's put on 200% since August so a lot of the offers in the queue will be profit target sellers.

I have been buying and trading EXM since 07/03/2007 when turbotrader (http://turbotrader.net.au) first threw her up at 0.013 on a volume spike back then of only 5M shares. I now hold plenty of heads and plenty of the oppies and have no immediate intentions of selling whilst she stays in her channel.

Merry Christmas to EXM and all other holders.

Cheers kse3137