daytrade diaries... december 11 part 2, page-5

The Australian share market was up at noon following a good overseas lead but had fallen back from early gains because of a lack of good news to encourage investors to keep buying.

All Ordinaries index had risen 28 points, or 0.61 per cent, to 4,651 points.

Analyst said "We opened strongly, which was good to see, and we traded higher. Then, we did this traditional thing where there was a lack of catalyst to follow through, and then there was a tail-off. The banks are doing quite well because of the employment figure yesterday and they are still getting merit from that,"

Iron ore miner Atlas Iron Ltd AGO) says it has shipped over 1 million tonnes of iron ore in its maiden year of operations at its Pardoo Direct Shipping Ore Project in Western Australia’s Pilbara. The miner shipped 1.02 million tonnes of iron ore in calendar 2009 from Pardoo, and 1.08 million since it started shipments in December 2008.

Managing Director David Flanagan says this is a fantastic achievement for the company, particularly because the miner began mining in the middle of the global financial crisis in late 2008. Atlas Iron shares rose 3.69 per cent to $1.825.

The best performing sector at midday is the Consumer Discretionary index up 19 points at 1,582.

The worst performing sector at midday is the Energy index, down 31 points to 15,209.

Gold is trading at US$1,135.35 an ounce and the Aussie dollar is trading at 91.55 US cents.

Bought Thursday closed IPL,KAR and STO(All of them sold with nice profit by this morning open including NCM)
KRL: Holding
MNM: Q @7c

http://www.marketwatch.com/
http://www.thebull.com.au/
http://www.news.com.au/business/

Most dangerous habits to have as a trader or investor.

Not knowing exactly when it's time to buy - System entry rules explain when and why to buy a share.