daytraders after market lounge 13th dec, page-31

  1. 1,280 Posts.
    Today was a non-event, at least for me anyway! Went to the beach and there were much better figures to look at than the ones on my watch list this morning....haha

    CGULL I guess my feeling about FML is that it always does pretty decent daily volume and it seems to be in a channel of 5.8 to 6.2. Hardly strays out of that range on any given day, so probably a safe trade. I choose not to trade it because I've convinced myself it's not really worth the one or two ticks of profit. But even $500 would be an okay trade for a day's "work" I guess....

    EGO is another one I view as not really worthy of trading anymore. The profit on a tick is quite good if you buy a decent parcel, but the sheer volume / turnover required means you could be in all day or even overnight to get the tick profit. And looks like they have further diluted their stock today (100 mill shares issued at 1.5 cents). I just think the Empire story is going from bad to worse...

    CGP - anybody notice this one today? Open on 2.6, high of 3.1 and closed on 2.8 - volume of 9.1 mill was it's highest ever and usually only trades about 600K daily.

    Just wondering if anybody is following CGP....I will need to do a bit more research myself on it.

    Hope you all had a good day trading - VRX seemed to be the best of a fairly bad bunch today.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.