daytrade diaries... october 21, page-24

  1. 13,316 Posts.
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    Funeral to attend today, hence watching my short term plays mainly via my iphone!

    BCC - got initial re-entry position at 5.7 cents yesterday....at this stage will be looking for topping up as may well test low 5's today.

    CHN - traded some and kept some yesterday....looks like I will keep the rest for a while as looking into this prospects look good...thinly traded though....note DRA has 20% interest in this.

    MOG - After buying and watching yesterdays action I am holding as this will run - more now of a matter of when. As noted in todays AFR, MEO's (and alliance partners like MOG)delays in their getting a JV partner for Artemis has tested investor patience (after Sept pushed to Oct and now 18 Nov) and had taken heat of sp. Those who have been patient now should be rewarded as they have made a more definitive commitment to have jv executed by 18 Nov.

    SBL - bought in yesterday and holding this for ST as stated they will release further drilling results in next few weeks....also comes off back of a retracement so still good buying at these levels.

    POZ - holding this one as like the positive divergence on RSI and ROC indicators, with August capital raising behind it and newsflow over next weeks/months should lead to good reversal from its previous downtrend....Talking about weeks though rather than a daytrading proposition

    RCP - Looks like it will eat through 1.8 cents today following yesterdays announcement...one to watch as steady positive newsflow expected for this stock over the coming weeks/months...

    NGE/HZN - general increased interest in PNG exposed stocks following increased activity as drilling programs have started or about to start (e.g. Interoil, NGE etc)...these are ones to watch....but both approaching critical resistance points

    TAP - yep still hold but it is approaching an interesting consolidation pattern that looks poised for a another breakout..
 
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