daytrade diaries... october 29, page-32

Morning all (thanks HLL),

Firstly let me start off by saying I totally agree with Aksier's comments posted this morning - ie; "I guess another important factor is to focus on companies with near term positive news potential. CCU, BCC and MHM all fit into this category."

I'm sure there will be bounce opportunities around today as well so good luck to those of you who will looking for these opportunities.

Now considering it was 'hammer time' last night virtually everywhere we looked, I'm not exactly sure what I'll be trading today - I may just sit on the sidelines and watch today; unless of course I see some very positive announcements released. Perfect time to do "other things" imo.

For those of you currently on BCC (Buccaneer Energy) please note that their Quarterly Activities and Cashflow Report was released late yesterday. Some highlights from the BCC Quarterly are they confirmed that Lee County will be spudding in a few weeks time, and Pompano is now generating cash for them and working at 100%! The Company is also planning another drill at another site that was drilled but not completed in the 1970's (?) as well as another couple of nearby locations based upon that success. They are also doing a JV with a Nasdaq company (offshore Louisiana) which they have a 25% interest in.

Well, I hope everyone has a good day today and makes the most of whatever opportunities present. My quote for today is:-

"You only have to do a very few things right in your life so long as you don't do too many things wrong." ~ Warren Buffett

Cheers, Pie (: