daytrade diaries... january 15, page-9

GDay all,
ADO had a crazy day yesterday, so no doubt many eyes will still be on it today, but tread carefully as it approaches 10c barrier. Iv taken a small overnight position on oppies in anticipation to a positive DOW. From the look of things, there are still 20ml heads & 60ml oppies to be approved & issued (I think the issue will be approved next week as the shareholders must be pretty happy with what the placement pumpers have done so far), so Im nervously guessing that the heavy weights behind the pumping may still keep the accelerator on, just to keep the price up & volumes flowing. Anyway, many other shares (except for biomed) got ignored because of the frenzy, so a perfect time to pick them up before buyers return.

RTL C Possible project acquisition on the cards here (seems to be flavour of the month with SHE, CLN, GLA also showing substantial gain, so RTL could replicate same explosive moves). Looks like 2nd tranche of placement will be approved on Jan29, so its highly likely the big players will need to pump up the price & volumes within next 2 weeks. All the ingredients for an acquisition play & placement pumping are there, the key here is to enter early with earlier volumes suggesting smart money has already taken positions. Recent drop from high of 3.2c provides an excellent opportunity to enter. 61.8% retrace is complete at 2.1/2.2c level & it has proven to be a very solid support level. Look forward to seeing RTL exploding after the capping is over.

GBP
Techinicals: 19c should act as a solid support level after 2 days of profit taking. The price has now fallen back to roughly 21 day SMA & away from the upper band of Bollinger bands (not overbought anymore), & it looks like an ideal price level to enter on the charts.

SGY
An announcement re Almond Groove 1 well spudding is well overdue, & it could be released any minute now. This will provide a spark for a run when its announced. Actually I think theres a fair chance we could be a fair distance down the well already, so expect some traders to enter in anticipation to gas shows. Could replicate a VIL run.

Also like ORD & MHM, which Askier will sum up anyway.

GL all
JL