daytrade diaries... september 4, page-24

So - plenty of news out today with the rebalance of the S&P's...

Interesting to note the addition of CFU, HZN, ICN, TRY and BUL amongst others that are suitable for day trading. Funny how this all leaked before today! Ohhhh to be in the 'know'.

On of the shares that I have been harping on about of late is AZM - a junior gold play with positioning in Ghana and West Australia. Started to spark a few days ago when I first mentioned it. Presentati out today. Bank balance of $5.6mill and reource of +750K oz. Current price MACD broke on 1/9/09 10.5 and has since moved to 12.0 bid. I expect that this will move quickly to 17.0, particurly with gold at near $1,000z and they have indicated their income based on $900 oz.

A few shares that sparked my interest include: CDU, STI, ATI, SSS (although I broke even on a 1.6 trade), RAU (continues to trade in 3.6-4.3 region), BCN, CTP, BGD and BLR showing SOME signs of a mini rally.

Watch out for the S&P results.

Enjoy and be careful out there.

iPod
SALT AND PEPPER SHAKER