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vendredi 30 octobre 2009

ALERT LVS NRI

Good morning,

As expected LVS (NYSE) got ok for their Honk Kong ipo. Expect a good share rise for the coming days and a small step back at 20$. Buy signal 16.10$ after 10:00 am as market could be a bit strange in early trading.

NRI (TSX) on 3 days left before approval or rejection from FDA. No runnup seen yet indicating 2 things: no leaks and buyers are wating on the sideline to get in as soon as answer is received. Expect a halt trading on tuesday or if not halted tuesday, news could be bad. If it is the case i expect shares to fall to as low as 0,085 after trading resume or hit over 0,70 if news are good. Could be a good idea to put your orders at 0,09 if you want to play the market as shares will get back to 0,20 within a week. This company will not go belly up even if news are not good as many more products are coming.

Have a good day

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