Good morning fellow traders.Well its been a busy couple of days...

Good morning fellow traders.

Well its been a busy couple of days for me, both personally and in the day-trading world. Currently I am holding 5 stocks, BCC, OBJ, ARW, PCC, and SSS.

BCC - We have seen this stock retrace this week, after it started with a bang on Monday morning reaching a high of 17c. Unfortunately I was not able to sell at the high (but who can say they did?), but did manage to sell my stock at 16c. But don't worry, I am still on the BCC bandwagon, just took profits, after a 100% gain in the stock, as Haspete has advised as one of his trading rules, after 100% one must take profits. I still BCC in my portfolio free carried, which I will hold until at least after we get some results from the current drilling campaign which have 90% chance of being successful. So I am still very excited about BCC's prospects, there has been profit taking in the last few trading days, but still the charts and fundamental analysis are all pointing to sub 17.5c prices. I will be holding on till we reach these levels.

OBJ - Been looking solid and has found a resistance level above 3c in my opinion. Hit a high last week of 3.5c, but still in the consolidation phase at the 3c mark in my opinion. A good buy at 3c or below, I will be holding this till we hear further news of the deal with 3m, or potential other companies that may be interested in signing agreements with OBJ. I spoke again with my doctor on Sunday about this stock, and he said that if what they say they can do is proven and successful, the potential is huge. I am excited and will hold to see what will be with OBJ. Sold a portion of my shares in OBJ, just to take profits, but holding a decent size portion in the company still.

ARW - The worst stock in my portfolio, this was a mistaken trade, last week which I got into, it was looking good when I entered and I was actually up over 10% at one stage, but now sitting on a loss, I have sold half of my holdings, but I still have an order sitting on the sell side to get out of ARW.

PCC - The newest addition to my portfolio, I liked the annoucement this morning, thanks PJ for alerting me to it. Sounds like a solid company, only risk is it is up around 100% already today, but I think this has huge potential IMHO. I bought in at 3.1c today, and I will be holding on to this. Still has a very low market cap even with 100% change in share price, and now it is talking about commercialising its product, this is huge for a bio-tech stock. This company actually makes profits. I think it will have a big re-rating, when people read into this and realise the potential from this agreement. I also noticed that in 2004 the stock was trading above 20c. It has once traded above 90c, but this was a long time ago. Anyway looks like it has good potential and I have taken a position this morning. If it retraces to the sub 3c level, I might take a further position in PCC.

SSS - bought in at 3.1c when volume started to spike on the 18th of Novemeber, thanks to you fellow traders for alerting this one to me. Still holding, but thinking of taking profits if it falls any further.

Also on my watchlist as potential stock to take positions in are the following:

AVB, BGD, GOA, LRC, NWE, MST, VIL, AYN, RNG, ADN, TEX, GBZ,
WDR, INT, FAR, GWR, BCN and FAS.

good luck trading and have a wonderful day.

regards,

David Meyer