Morning all,
A green DOW today should provide some good trading opportunties.
On my watchlist today over and above already mentioned stocks
MCC- positive profit ANN, PE of approx 2.5, NTA per share of $3.26, SP 2.55 and yesterday price hit support at $2.54. Slow stochastic on daily charts also looks bullish, so I will be watching the market reaction to this one.
AIO- good potential for a great bounce up "if" ANN includes update on asset sales and refinancing which is positively received
MAP- on profit ANN but not much new here
Dangerous trading shares today would be:
FMG- VALIN paying $2.48/share - a significant discount to current mkt price
OZL- refinancing deadline is Friday- mkt appears sceptical. BUT this could provide a good trading opportunity if positive ANN comes out
Happy trading
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