daytrades march 3 pre-market, page-10

Morning all. Looking at some early trading positions today and news

OBJ > It really dpends on the open, but the resistance level of 4.7 held and the wipe to 5.1 yesterday was instrumental. The position is that 3M are due to announce their intent following the extenion to end of March, BUT GSK are also showing interest which may move 3M along on their trials. This is an interesting play. Manipulated? YES, For a reason? YES, News Coming? SOON

VIL > A lot of negativity around, BUT 3.7 held yesterday and may range trade for a while. As a pure swing play, fine.

News front > A couple of shares are worth a watch as SRR (18) announced today their expansion of the Dingo Creek Managanese Project and PRU (1.83) invests into a South African Junior.

(NEU also announced a drug trial on a apathy drug > I know some others!)

Have a good one and be careful out there!

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