daytrading dec 2 morning, page-152

I've been watching DTM/DTMO for a few months. DTMOs expire at the end of 2011 and are just in the money (10c exercise price).

DTM has dropped recently but has just today seen some support come in at 10c / 10.5c / 11c.

There are quite a few DTMOs available less than 2c and it would not take many buyers to push the heads up past 12c and beyond. DTM is due to start drilling early January and buyers may come back in, in anticipation of the drilling starting/results. Molybdenum price (it's primary target) has also stabilised.

DTMO could be an easy 2 / 3 bagger but then again could go bust. IMO the heads are unlikely to drop any further than 11c this year.

Worth putting on the watchlist IMO.