David and Cadman,
David, here's my (extremely humble) opinion. Technically, NED's chart is beautiful. I think it's called a cup and handle. It just broke to a new high and there's no resistance above. As to how far it will go, ???. A technician would hold it until the uptrend channel is breached or it falls below a MA or a support level. A fundamentalist (sounds religious) would hold it until the fundamentals change, i.e. earnings fall, news is bad, etc. Personally, I use my gut, simple mathematics, fundamentals, and technicals When I have a decent profit, I take some, but not all of it. So, selling at 30% in my view is sensible, but I would probably not sell it all if the technicals were still strong. For me, it depends a lot on the company. For instance, I hold some GXR, SG, FM, TKE, and WRN. I have taken some profit in WRN and GXR so far. Since I believe all of these companies are well-managed and have great long-term potential, I will probably keep some stock for a long ride, i.e. if they all move up as I have told them to do :-).
As far as ORZ goes, that one's hard to read. The chart is thin and all over the place. But if your tipster is that good, what the hell? It's probably worth doing. Objectively, NED is easier to read. Of course, it's still a crapshoot, but that's why we do it, right?
Sorry for rambling on. I'd like to find out more about NED. Guess I'll do a little digging and see what I can find out.
Cheers,
Robert |
