Its taken a while for my watch list to be mostly green on my small cap holding but TODAY for the first time since the sizzle went out of the bottom end has the stocks been predominantly green.
Hopefully this is the first signs of a bottoming out at the penny dreadful end of the market.
Looking at my small babies which ive mentioned a few times before there is a couple that looked particularly bright.
QAD which has been smashed since failing to hold its support of 4c a few months back, today was clearly let out of the cupboard with buyers lining up after taking out the sellers that have been selling them at 3c for the last 2 weeks.
Love to know whats happening but whatever it is someones keen to buy them with the bid now looking stronger than it has for 3 months.
If it was to keep going and smash through the old 4c support that is now resistance we could finally see the blue sky we had all hoped for over the last few years on this potentialy nice little company.
A few of my others that i liked today were OXR,which looks like it has bottomed ,Im sure the goblin would be happy to see me now in agreement with him on htis.
PLX has its long awaited approval for change of business on Friday .
PLX has basically traded sideways for 3 months awaiting this approval and the capital raise at 20c onthe 2 for 5 recon (equiv to 8c)
Looking at the new web address I discovered today (www.citrofreshinternational.com.au ) it does look favourable post recon.
Im not a broker so dont take this commentary of my happy return to a few of my stocks going green as advice just a relief from a trader/investor who is sick of red day after red day ive suffered for the last 2-3 months on my core positions at the bottom end.
QAD
quadrant iridium limited
Its taken a while for my watch list to be mostly green on my...
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