yet another grim day. when would the sun shine again? i guess many moons hence. do not expect next year to bring a material turnaround in the fortunes of the stock market and you would not be that disappointed.
still out star stocks maintained their lead positions:
gmg, remaine din positive teritory at near steady rate and closed the proceedings up 1.4%
avm, likewise the stock maintained a near level throughout the trading day and closed 7.9% up. those who doubt the ability of this stock to climb further need to look no further than fingers posting of today going back 7 year and showing a profile not that dissimilar to that of mount everest! expect better things to come. those with a farm to spare may consider selling it and investing in this 'goldmine' of a stock!!
blm, baltimore technologies, this internet security and the darling of the tmt era has been making all the right noises. i hear that internet sales are well up this year in the usa. i have said it on numerous occassions on this thread that it is almost an inevitability that technology/internet and software stocks should rise. forget, but not for the time being, that sausage and ice creame companies show real profits while tmt stock does not. it may be so but you are not comparing like for like. right now i am communicating with you via telewest broadband. for telewest to have started its business it had to run millions and millions of pounds worth of cables and while doing so it is running in the read. does that make the sausage company more viabloe because it can show a profit from very early on. answer is an emphatic no!!
so back to blm. do you remember how high blm reached at the summit of the tmt era? £1, £10 or how much. the answer is £140, yes, one hundred and forty pounds a share!! and where does it stand today? well it did do very well today. it rose 31.2% to reach 42 miserly pennies!! but wait for it. the share underwent a 1 to 10 split from £140, so was down to £14. still at current values the share has to go up by more than 33 folds to reach those heady levels of bygone days!
sof, not doing bad at all as it rose 4.5% today to 80p where it now stands at strong resistance of 1 year and 2 years ago. those who followed up the recommendation on this stock here would have stood to double their money from a bottom of 40p to current level of 40.
