Gary: NMPS is a great long term holding, although I saw a lot of profit taking at the $13.00 area. Because it reached $13.00 several days ago, its long term uptrend is still intact and should ultimately lead to surpassing the old high ($18)and beyond. My question in this issue is still timing. With the election fast approaching and with the predicted (see my vision in the previous postings) landslide victory looming, the general market will be poised to correct sometime next year according to the tea leaves. Even though it is true that NMPS has a bright future, it is still very green in generating the green stuff at the bottom line. You can verify this statement in the coming earning release soon(I hope I am wrong). Hence, in the longer term, the market force will take over and the going may be rough for a start-up manufacturing company with a deficit.
This does not imply that I am bearish about NMPS. I still hold a sizable position but I would be hesitant in adding more position in this issue. In addition, like clockwork, these lastest recommendations and write-ups came out as predicted several months ago when NMPS hit the skid. The end result for these efforts only broght it back to $13.00, the critical point for uptrend re-affirmation. Hence, the momentum is weak and deteriorating. As a tea leaf reader, I cannot ignore it.
Yes I am spending a lot of time in the Y-2000 sector and I am conducting a one-monk campaign by writing to various broker houses and let them know the superb technical strenth of this sector. I received a lot of responses from them and things are looking up. So does my Y-2000 portfolio. You see, Gary, despite my crazy writing style, I am a kind person. Arrangements have already been made to donate my trading profits to charity.
Best wishes from a mad monk.
PS. Back to hiding. |
