Well Roger: I hope this mad monk has given you some spiritual support for your wobling knees.
Now that the market has closed and when I examined its chart, the DJIA had an impressive one-day reversal with hugh volume. Technically, from a -166 to +9 is no small feat. Against a background of rising interest rate and declining coporate profit, it adds to the propability for a decent rally. But then, DJIA is not my cup of tea, and I rather concentrate upon the behavior of NMPS.
Amidst panic selling this morning, I marched in mechanically and buy the hell out of NMPS at $7.50 to $7.75. Now, my position is more than 10 times of yours. So far, I've made enough on paper for a second cruise trip. Maybe this time around, I'll go to the Virgin Islands to check out these virgins. Also, I plan to keep NMPS for the long haul because of all these reasons that I stated in the previous posting. Maybe this last shakout did transfer some shares from the weaker (short-term traders) to the stronger hands (long-term investors). Anyway, only time can tell if I've made the right move.
For the past four days, the daily volumes were 451,800, 320,200, 315,300 and 404,000. These were concentrated stuff in a small time window, and therefore I believe the specialists have accumulated enough shares for them to conduct a significant rally so that they can unload them at a profit. Stay tuned.
Best wishes.
Note: I still think you should call Steven and suggest to him some PR ideas and other constructive ways to keep his job. |
