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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who wrote (1471)3/22/2001 12:32:48 PM
From: Abbeydale  Read Replies (2) of 5144
 
A walk sounds like a plan, but every time I stop watching things, I seem to miss out... I was GOING to buy NMR on Tues at .50 when the chart looked even better, but I knew that I could not watch on Wed because I was going to be busy moving Mom from the hospital to the nursing home (sad day)... sure enough, I left Tues am and came back around noon to see .60!! GRRR... Mom's fine, but my ego took a hit!

Lesson:

1. When your gut says buy, BUY... Your gut is usually right... how many times have we said that!!!
2. When you leave your screen... that's is when the action hits - up or down!! I am in this one now and I am staying PUT until 2pm! Volume has trailed a little, but still supported at .62... still a little wall to get thru at .65...

I often wonder how much these little stocks react to overall market pressures as they do more to TA & FA trends... the FA says that despite the accident on the sea bed, they are still waiting for insurance proceeds and still trading as per the last NR and some subsidiaries are still not under "liquidation" by the South African gov't (equivalent to receivership or creditor protection here)... people are taking a cautiously optimistic view and the TA tends to support this "confidence"... Although I tend to look more at the TA, it is nice when it seems to support the FA....

BWTHDIK... I am still learning!

PHPI

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