daytrades march 22 pre-market, page-6

good to see a bit more stability returning to global markets it was certainly a wild ride last.

the biggest problem the market now faces is profit taking that is likely to occur in stocks that have seen stellar rises off the lows last week, will be watching for those stocks that can maintain momentum.

like the look of both african coal stocks MOZ and HDG as has been mentioned previously they certainly have the feel of a AFR type run.

one oil/gas spec worth keeping an eye on is GGE had a major spike in volume into the close yesterday, the market is looking for the next oil/gas spec to run up after the likes of EGO/NWE/WHN/BKP/QPN have started to stall a little and with some interesting exploration targets upcoming GGE has the liquidity that traders love.

wouldn't surprise to see this hit 1c in coming days, as Treasurehunter mentioned yesterday Mac Bank are masters of the pump and last time they ran up GGE it hit 2.1c so there is plenty of room to the upside if they start to run it.

also keeping an eye on CEO hasn't yet seen the return of volume/interest as some of the other specs off the lows of last week.