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Gold/Mining/Energy : NP Energy Cp New -- Ignore unavailable to you. Want to Upgrade?


To: Win-Lose-Draw who wrote (19219)6/9/1999 12:10:00 AM
From: Ron Karaglanis  Read Replies (2) | Respond to of 22810
 
technicals
so how did it get so low in the first place?........real easy, and only two words.....profit taking! if there was no profit taking along the upward trail, it would be the first stock ever to defy the law of investment.indeed NPEC shows very well, from a technical chart analysis stand point,it's doing exactly what a strong gainer should which is running up for 3 to 5 trading sessions, on strong volume, and giving up 30 to 40 percent of it's gain before ramping up again! I like it and see no problem here at all, as long as it continues it's M.O. If it drops below .12 cents at the close then there could be trouble, but so far it's drawn a strong line in the sand at .15 cents.

regards Ron