Thursday, December 2, 2010

Big Day Coming

An early awakening saw the laptop go on at 5.45am this morning and although not a surprise to see the DOW up, the plus 2% increase at 244 points was and its still climbing as I type.

Purchase of SLR at $2.14, along with ROL are the only real trades at the moment. ROL can't seem to lift itself looks like there is a push to keep the thing down for some accumulation, it closed right on $1.90 after slipping below this critical level the previous day to a low of $1.82 and close of $1.85. My stop was almost triggered, it looked like $1,90 was providing solid support and would be the base for the next leg up this may still be the case with just a small slip below.
CHN and PSP still held no real action here.
MDL still not trading yet after a share consolidation and in specie distribution. I will receive some shares in Teranga after MDL demerges its operations. 
Looking forward to an up day my attempt to re-enter ADU did not eventuate, will be looking this morning to make some trades.