Morning time travellers and welcome to March... I know we're in the middle of a sustained bear run, but I have this feeling that this week (today included), will be a little less harsh than the last.
Like many, I'm waitng to see the total capitualtion of the All Ords, but it just isn't going to happen. Instead it's becoming more evident that we're seeing a sustained decline, but sooner rather than later this will trigger a minor bull run and given the prices on offer, we need to be cashed up - which supports our theory of quick day trades on volume with smaller margins. It's ket us profitable in the past few months. (Shout out to Nikko BTW).
So this week I'm looking to play some gold stocks again (gold loves uncertainty) - NGF (15), BDG (now 22.5) HEG (14), SBM (40)
Some of the mid caps look like holding after some decent falls (BKN $1.30), QAN ($1.56), MAP ($1.55), GFF ($1.15), AGO ($1.22), VBA (0.24)
Some specs have come to respectable spec levels such as ADY @ 0.022, ERH @ 0.20, NXS (38), VPG (0.032)...
Let's see how the day shapes up, but I'll go out on a limb and predict a positive day for close.
