Saturday, 14 May 2011

Thoughts

What a weird week for the market this week. I'm not really sure where to begin as it's got me totally confused. When there's good news, the SP goes down. When there's no news, it rockets up. I think someone is screwing with my mind. But that's ok as I pick my stocks based on company fundamentals rather than, trend, charts, technicals, etc...

I've got a couple of picks for next week that I think will start to move:

SD.v - Even though Sidon Mines has turned out to be a real dog for me, I think something is happening as the volume is moving up. My guess is 7 cents by next Friday.

WEF.t - I never expected Western Forest Products to go down this low and really there's no reason for it other than a general downward trend for all stocks so my guess is this one will go back up over $1 by next Friday.

QEI.v - No idea why Quetzal isn't moving at all. Luckily I didn't bet the farm on this one.

More later.

No comments:

Post a Comment