Good morning, to everyone. I'm new to your thread (just found it this morning) as I got long in NOVL this past week when the stock took out 13 1/8 and I looked to see if SI had a thread.
I see this thread started in March 1996 (no, I haven't read all 24M plus posts), but I'll bet there has been a lot of give and take over the last two plus years, fear and greed have risen and fallen, hopes have been raised and dashed, money made and lost.
Well, that's the past. I'm in NOVL for what the future may hold and by the looks of the technical action of the stock price I'm hoping that those of you who are long suffering longs will finally get rewarded for your patience.
Here's a 5 year price bar chart
tscn.com
The reason I am enthused about the prospect for higher prices for NOVL is because the volume has been steadily rising, and the price as well, since Jan/Feb '98.
Further, this past week saw the stock price hit 14, a new recovery high, which hasn't been seen since the first week of July 1996. The stock has finally overcome heavy overhead resistance.
I am the first to admit that I do not and cannot possibly know of all the fundamentals of this company. I'm pretty positive they have been discussed at great length in the former 24M plus posts. And, quite honestly, I do not want to know more about the fundamentals other than the fact that they are improving. There are some pretty smart individuals out there who are speaking with management and making up their minds about NOVL...from the increased volume of trading and the resultant increase in price I have to assume that they know a heck of a lot more than I do and they are making up their collective minds that something good is going on with NOVL and they are buying the stock.
I look forward to your future posts and I hope I can add a little something every now and then.
Best, Joe |
