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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (249347)	5/21/2010 2:43:34 PM
From: patron_anejo_por_favor	Respond to of 306849

NGD will probably retest the breakout (at 5.02) at this point. I'm about at 1/2 of my max position size, will re-add some if we get below 5.10. NSU has been on fire the last 2 days. They're on schedule to start production at Bisha in Q4 '10, and they'll pull 800K ozs of gold out in the first 2 years. I'd like more of a pullback, to 2.50 or so but I'm not sure we're gonna get it. I am long a decent position on it already. EDIT: NGD is sitting just above the 50 day MA, so a small long would make some sense here with a stop at say 4.95 or so. I'd like to see how they handle the 50 day and the 5 buck area, but for a scalp trade it's reasonable.