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With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front of those trends is so important for any trader worth their salt.
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In this daily HotCopper Trends column, we break down the top three stocks talked about on any given trade day, and why they’ve drawn a daily focus.
SILEX Systems (ASX:SLX), which my colleague Jonathon Davidson covered in-depth a little earlier today, was the most popular stock on the HotCopper forums today after the technology player failed to land a U.S. award.
The deal, which was run through Silex’s “Global Laser Enrichment” licensee, would have seen Silex haul in something close to $900 million to further its developments, and after the company failed to land it, shares tanked.
To mid-arvo, SLX has been -35% lower, to $6.33 a share.
Elsewhere, Antimony Tungsten and Antimony (ASX:AT4) has headed the other way; it’s up +9.5% at time of writing and is the second hottest topic on HotCopper.
Users seemed to have liked AT4’s latest mining update: It’s closer to getting its diamond drill rigs firing at Tennessee Mountain, where it will be looking for hot commodities like tungsten and antimony. (It’s in the name, after all.)
And finally, fat gold assays from Araxa have helped St George Mining (ASX:SGQ) draw attention across the forums. While it didn’t lead to more than a +2% jump for SGQ, forum users still seemed bullish overall.
And looking wider, the ASX 200 is down -0.4%.
That’s Tuesday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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