Good news day traders, base metals and oil is up, so expect a good day tommorrow on the ASX.
With all this optimism in the air it is easy to buy into a resource company who's market capitialisation is high and get portfolio gains of a few percent with little risk.
However, may I recommend you take a minute of your time to look at Empire Oil and Gas (EGO) and my original post:
"important update – ego set to soar"
The Quarterly Activities Report is gauranteed to be coming out tomorrow (An ASX requirement that requires the QAR come out before the end of the first month after that quarter).
There is good reason to believe that the tenement schedule will change from the oil prospects to the natural gas prospects which have much more robust economics. This stock is a perfect day traders stock which can expect solid gains on good news, which is expected tommorrow. Make sure it is on your watch list when the QAR comes out.
Good luck on what looks like a sucessful day of trading tommorrow...
