daytrade diaries... october 28, page-4

Todays Picks
BCC/BCCO: Another good day yesterday with a high of 8.1 cents although the close was a bit weaker than I expected. I expect a period of consolidation for a few days and will look to buy on any weakness.

ATI/ATIO: Will post again when we have a move through 4 cents. Until then it is a hold for me.

MHM/MHMO: No change, I expect a retrace back to the trend line at about 30 cents when the placement stock becomes available next week.

CCU: Great day for CCU holders yesterday with a recommendation by the Australian Small Cap Investor report coming out late in the day. In a little over a minute all stock available up to 23 cents was taken out. I sold at 22 and 22.5 cents and then bought back in just before the close at 19.5 cents. It should be an exciting day for holders coming up ahead.

BCN: I am now watching closely with the next three drill programs funded with the first one starting in November. I’ll look to reenter BCN though the BCNOA’s at around 1.1/1.2 cents. I expect interest to build significantly as the rigs start drilling holes.

DDT: Started to look good yesterday but failed achieve high volume during the afternoon. The chart is slowly looking more interesting with a solid base at 5 cents. I think a break of 6 cents would be signal to enter a trade with confidence.

Good luck today everyone.