daytrades april 14 pre-market, page-2

Today's Trading Stocks

Market Direction: I found yesterday difficult to trade again with very little volume in most stocks. I believe there is a lot of caution in the markets at the moment because of the strength of the rally we have had over the past year and therefore buyers seem to be less committed. With Wall St managing to grind its way higher yet again our market should trader higher again today and may well attempt to breach the 5,000 point barrier.

ARM:News Due: Commencement of drilling operations at the Capricorn South East Manganese Project. Disclosure: Holding ARM

OVR: The liquidity of OVR has increased substantially in recent weeks and yesterday the trend continued. Volume was strong at nearly 2m shares and the price closed at the days highs. I expect that my target of 12.5 cents will be achieved soon. The slow stochastic looks set to cross up again after a small decline and the MACD and RSI are still rising. News Due: Details of the exploration program for 2010 at the Yukon Base Metals Project in the Yukon, Canada. Disclosure: Holding OVR

DDT: A disappointing day's trading yesterday with prices falling back to the pre announcement level. The gap at 4 cents should be closed some time today. Obviously there were a lot of people who were waiting to get out on positive news that have now done so. I still believe that this stock is a strong buy based on the likelihood of further commercialisation deals being announced in the near future. I took advantage of the situation yesterday and bought more late in the day. News Due: New commercial agreements using VerifiTT for use in textiles by three global brand leaders. Further developments involving the companies other products. Disclosure: Holding DDT

CCU: With the price falling back to 22 cents yesterday it is likely that the gap to 20.5 will now get filled before prices head higher. With funding issues behind them this stock has great potential to perform well over coming months. I wll be watching closely for opportunities to buy in coming days. News Due: Reserve statement for the Wonawinta Silver/Lead Project. Decision to proceed to bankable feasibility study. Disclosure: No Stock Held

LCY/LCYO/LCYOB This was one of the few stocks to record a decent move on volume yesterday. The company announced that it is in discussions with several Chinese parties with regards to forming joint ventures or acquiring a large shareholding in the company. Naturally this generated a significant amount of interest in the stock which should continue as speculation mounts about potential deals. The chart looks excellent with the slow stochastic and MACD about to cross up and the RSI rising through 50. News Due: Details of potential JV's or investment in share by interested Chinese parties. Disclosure: No Stock Held


Good luck today.