wsf - auswatch ...

November 9th 2009






Greetings John

While it was quiet trading in Australia last week because of a major thoroughbred carnival they hold annually down under, there's a lot about to happen in most sectors as their eyes return to the bourse away from the bookmakers. We suggest you look closely at the following:

United Uranium (ASX: Code: UUL). We've had these on a watch list for some time and they're now moving quickly as the government starts to relax uranium export policy and UUL seems a good takeover target.

Automotive Technology (ASX: Code: ATJ) 50% rise last week but expect more as Stateside and Asian joint ventures are announced with their products possibly becoming standard for Korean and Malaysian car manufacturers. A steal at their current price.

GBM Resources (ASX: Code: GBZ) Gossip persists about a deal but no real announcements. They are looking for production JV's with Asian partners in their Phosphate and Gold/Copper tenements. Look to share price of 35c+ soon.

K2 Energy (ASX: Code: KTE) Pending resolution of legal matters should see meteoric rise in this penny dreadful. Major oil assets in their portfolio.

Prima Biomed (ASX: Code PRR) SPP being well subscribed and look to institutions positioning themselves. Divestment of non-core products with attached royalty agreements and rumoured major broker analysis report showing share price should be well up on today's prices before Xmas.

Emergent Resources (ASX: Code EMG) Announcements coming at a trickle but after China JV and excellent drilling results to come could make this a major Iron Ore Stock. Current Price is $0.85 cents

Tasman Goldfields (ASX: Code: TGX) Expecting a change of management in near future could see major rises.

Heathlinx (ASX: Code: HTX) An emerging Australian biotech in the popular diagnostic sphere. Seems to be following the "same path" as (Dendreon Nasdaq: DNDN) and (Prima BioMed ASX Code: PRR) including the New York financing. Worth a punt to hold for a month or so.

We at WSF make no financial gain from mentioned stocks.

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William Bailey
Wall Street Finance