daytrade diaries... friday, page-33

Morning All,

Well it was another positive night in the US, with many companies reporting better then expecting profit results.

One which did concern me though was Potash Corp, which first-quarter profits fell 46 per cent to $308.3 million US, or $1.02 a share, as the company dropped its full-year profit outlook.

Also of interest was the rise in gold. Its finally broke out of the range, and pushed through $900us/oz. Goldies should see some nice gains today.

What we are all watching though of course in the Uranium sector. Its like watching a pin ball machine at the moment, and by the time it gets to 4pm, I'm feeling slightly punch drunk! The weekend is something i'm certainly looking forward too.

Stocks I will be watching today include BGD, OGC, AGS, MLS, WME, EXT, CNM, PDN and BUL.

There are a few charts which interest me.. Blue Energy (BUL) is the first one which gets my attention, particularly because of the announcement yesterday which suggested this so called "corporate transaction". To me we may have a take over in the wind.. We saw what happened to PES and LNC soon... so who knows whats going on here!

Check the indicators.. All looks positive for further gains today. I think it may test 30c in the coming few trading days all depending on the behavior of the DOW.



Finally, another stock which has taken the uranium train by storm is West Australian Metals (WME).

A very solid day yesterday closing at 17c (daily high). Its currently sitting right on resistance, with the next resistance @ 20c. If it breaks 20c, then who knows where it might head too. One step at a time, but all looks positive!

And yes Poly.. Rounded bottom it is!



Watch the uranium sector closely, as we really dont know how long the interest will last. While its here though, TAKE ADVANTAGE OF IT!

Cheers
Kevi