Well the DOW managed to do a quick turn around toward the end of trade which has put our SPI into the green now after being down 25pts ~hour or so ago. (:
Today I will be looking at the following stocks with a view to trade:-
BCC - Even though news is still a few days away, I will be watching BCC closely for any 'swing' opportunities as well as looking to accumulate if it falls further.
FML - I have mentioned this stock most of this week as it has provided some great churn and volatility within a 5pt range recently, so again I will be looking for a trading opportunity on this stock & will try to remain focus'd - hehehe!
EGO - I think a lot of the placement shares have been sold and we are getting down to the pointy end of the payzone which is a very reasonable 220m. I have stayed out since the raising but I will be watching this stock's movements, especially after the daily update comes in.
GBZ - I noticed there was a bit of a turnaround in sentiment on CDU, QMN & GBZ yesterday, which are all neighbouring copper tenements that share the same mineralised system. As we all know CDU is due to put out a JORC (supposedly before Christmas) and on market speculation alone I think there could be a trade in this one today.
On the announcement front today:-
NQM (North Queensland Metals Ltd) - NQM (and associated companies - GDO & HSK) had a JORC/Resource Estimate out this morning for one of it gold interests - 3.69mt @ 2.59g/t = 307,300 ozs/au. This looks ok to me but whether the market thinks so or not is another story! Anyways, here's the announcement:-
