daytrade diaries... september 7, page-12

Morning all. I've been watching the 'pre-open' trading volume this morning after the 96 point increase in the DOW and I'm just not seeing 'it'. Either I'm almost letharic, or the market is. Possibly me!

Certainly some of the news carriers (ARM) and small plays (ATI, TAM, PEN, RAU, GOA, SSS, GSE, BCN) of recent days would do well today, but sustained increases may be few and far between. When I look at the stock depth, I'm looking at the placement AND removal of orders at specific levels (pre-open and during the course of the day). I'm noting the preemptive decisions that people are making and the size of those orders. I could be wrong, but I'm not seeing any early morning committments and it may have to do with the Labor Day holiday.

Establihed gold plays are certainly where the money is at the moment: SBM, TAM, DOM, LGL to name a few

Going Ex Today:
8 September BSA BSA Limited 1 cent
8 September LAU Lindsay Australia 1 cent
8 September PRO Prophecy International Holdings 2.25 cents
8 September SGN STW Communications 1.5 cents
8 September SHL Sonic Healthcare 35 cents
8 September SIV Silver Chef Limited 10 cents
8 September TSE Transfield Services 7.25 cents
8 September UCW Undercoverwear Ltd 1 cent

Back a little later. Be careful out there!

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