to all: as per my "PSYCLE sm" S.T. buy on NM @ 4 5/8, post # 232, on 9/12 here, when NM hit target of 7+ just the other day, I did rec'd. selling, at it's 200 day MA, for an unsually quick, large % gain on margin....
while it's depressed base chart pattern did fit my buy concept (please memorize that pattern, and try to find, and buy, any other stocks in the future which fit that pattern, as I teach) this gain was unusually quick, and not normal....obviously, it is bettrer when my ideas work quicker....we get to redeploy our capital elsewhere, more quickly, but avg,. historical hold period has been, as I said, 3-4-5 months normally, to we acknowledge the nature of this one, real quick.
so, best wishes to all of you from here, but it probably needs more backing and filling when/if NM is to breakout further....
it also has had resistance at 7 5/8 a few months ago as well, another reason I rec'd, taking the quick pop, as per "PSYCLE sm" dictates....
do well, take care,
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