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I have appreciated all the many intelligent posts recently here..... FYI, I just added NM @ 4 1/2-5/8 this morning, as a "PSYCLE sm" exhaustion bottom/triple-bottom formation long Buy, with a clsoe stops below 4 3/8, for protection, as another depressed, basing idea for us, in our diversified portfolio....any rise, absent a takeover, will still probably be confined to it's still-falling 200 day MA around a little above 7.00, but it CAN rise towards that level, from 4 1/2-5/8, which, on margin where suitable, is a decent % gain potential, over, say, 2-3-4 months hence....my "PSYCLE sm" only buys truly depressed stocks, near lows, in special formations, but I employ very few fundamentals ever, but I do like it when most people do not like it, which often occurs near bottoms...so, best wishes, keep up the good work.... |
