Wednesday, 13 February 2008

Market Update 13 Feb 2008

Market has slipped back into red. Bank and property shares lead the market down. There was ba news from B&B, which lost more than 20% of it share value today. Other bank followed in sympathy. Also the news that intrest rate may not go down quickly impact house builders.

DT Candiate:
AGLD - good volume, up on following news "Allied Gold has taken its first step in its transition from explorer to explorer/producer with the first gold pour at its Simberi Gold Project in Papua New Guinea. "
BES - penny stock

EP Candidate
AFCR, AGLD, ALBA, CMG, COH, DES, EPY, IDD

None of these looks good other than AGLD as mentioned above. Volume is up but not vey encoraging.

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