daytrade diaries... october 20, page-99

Good morning all!

IRESS - Well yesterday I got Trader Pro through Westpac for the first time, on recommendation of someone from Hotcopper! Best investment ever, and if you do more than 15 trades a month it is free! Its a tough choice for me now, because Etrade is charging me $22 a trade and Westpac is $30. Anyway, this is worth all the money for those who don't have it I must recommend, beats pressing the refresh button.

I haven't been posting much lately, as I have been working part-time over the last week, been very hard juggling part time work and trading, but good news, I am back to full time trading today!

ATN - Only holding ATN - from 7.2c, I am waiting on these much anticipated assay results. I have been watching it all morning, and there has been strong accumulation above 6.9c. VWAP is around 7c today. Already 4 million trades, looking strong in my opinion! I think 7.5c is the next resistance level, if it breaks through this could fly up quickly. I will look to buy more if it breaks through 7.5c. All this of course is pre-annoucement talk. Once the annoucement comes, it is a different ball game altogether! My stop loss at the moment is 6.5c on this one, I think it is worth a punt at the 7c mark, for thos of you not already on it!

GDA - Was thinking of getting in today, but decided not to, thank G-d, I am waiting for a bottom, around maybe 6.5c I think, and then I might buy in. A lot of people have accumulated since 3c, that is why the selling pressure this morning.

LRC - Not in yet, but looks promissing, waiting for a break above 3c level before I buy in.

Also on my watching list this morning, MHM, NAD, ORD, PRR, ELD, OBJ, GOA, VIL, MOG.

Good luck guys, and thanks again to everyone for their inciteful posts, I wouldn't be able to day trade if it weren't for all you guys on this forum.

Best of luck,

David Meyer