Damn Dubai, I was wondering when the wheels would fall off some of those Dubai projects (lol)!
Ok - well my theory for today is:-
Sit on the sidelines, and wait for an oversold bounce;
Scan the 'Movers & Shakers' on the market activity;
Scan Announcements; and
Maybe hit the sell button in the hope of picking your short or medium termers up lower.
I will be looking for opportunities today, and I will primarily be watching the following 2 stock's trading activities this morning to see if I can sneak in a trade or 2 somewhere:-
EGO - Those sells at 1.4c yesterday were a surprise to me. Drilling should resume today on Gingin West-1 and there should be no break now until the h/c targets & TD. I was left wondering if that Broker that sold at 1.4c has instructions not to let it go below 1.4c???
BCC - Held up very well yesterday and I notice there was quite a bit of strength coming into the stock yesterday afternoon. This could be a good buying day on BCC imo; but I am hoping it is not, lol!
On the announcement front:-
Well unfortunately I can't even really see anything on the Announcement front so far that has caught my eye this morning either that I would be willing to trade; so no luck here either! Hmmmm ... !
Ok, have an "opportunistic" day today everyone, and my quote for today is:-
"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." ~ Warren Buffett
