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my "PSYCLE sm" bought NOVL right around 7.00, the 3rd week of June, and, today, felt compelled to sell at least part, on the strength.... too much emotion, and it was up against S.T. resistance at 10+ anyway....others I rec'd. as Buys then, among depr. techs, like, XYLN, SHVA, MADGF, VTEL, SYBS, FRLN, also up nicely as expected, but are also nearing pot. S.T. resistance levels...I guess it depends on one's persepctive.... "PSYCLE sm" traders have no emotion, use/need almost no fundamentals, have no scenarios, no stories, etc., and never trade for "takeovers" (though, over the years, we have had plenty go our way in buyouts) anyway, though I'd add my thoughts, since I was the only person to catch the low base on those others, and NOVL, in similar "PSYCLE sm" chart patterns recently..also played NOVL from 9- to 13- last winter,,and just taking a quick, large % gain here on 1/2 my NOVL.... also, from here, there are perhaps better issues, still depressed near their lows...."learn the patterns" best wishes to all, teaching as usual, |
