Hi Guys,Long time reader (since Nikko first began it) but never...

Hi Guys,

Long time reader (since Nikko first began it) but never posted on this thread before. Mainly as I have no idea how you guys manage to day trade and post thru the day…LOL. I am usually way to busy hitting the refresh button hehehhe. All jokes aside nice job and many thanks to posters like Ipod, Kevi, Young Trader and all the rest.

Anyway guys VIL is worth watching now. With spudding due mid November (this week or early next) and a valuation on a successful drill of 20c+ we should start to see SP move in anticipation of the news. Chances of success are estimated at about 30% - 40% from memory so with a current SP of 2.5c it really could be a multi bagger.

Also note there is supposed to be a road show starting this week according to the thread so should also provide a further boost to SP. Putting aside the F/A what interests me as a day trader is the potential for a run on speculation. I don’t like waiting for news I prefer trying to find stocks that can potentially run leading up to news.

Which would then hopefully give traders a nice exit, as it can be risky waiting for the big news – mind you can be rewarding too but that’s my strategy. Key levels for VIL I believe are 2.7c and then 3.1c, if VIL can break that it gets interesting. Also note volume has started to pick up of late which could be a sign that traders/investors might be starting to get set:

Date Last %Change High Low Vol
06 Nov 2009 0.025 8.7% 0.027 0.024 12,676,504
05 Nov 2009 0.023 15% 0.026 0.021 11,783,681
04 Nov 2009 0.020 -4.76% 0.021 0.020 4,236,000
03 Nov 2009 0.021 5% 0.021 0.019 2,059,230
02 Nov 2009 0.020 -16.67% 0.022 0.020 6,468,300

Bit rambley my apology for that, if this was the good old days of the bull market I would say we potentially have a bit of a no brainer – except that in this market nothing is a no brainer anymore so please DYOR. I hold for the record guys. Good luck today and keep up the good work. Fingers crossed Ipod is back soon he never could stay away for long hehehe.