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Rgmi
I added to RGMI at $1.35 today
I added to RGMI at $1.35 today
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Nxg
Im looking for help.
I sold NXG ON 4/28 AT $3.97 ( COST 3.29) Then watched it go to $4.80. Earnings came out and I felt vindicated as it is now $ 3.80s. I have read the qtrly report and cant figure out what was so bad except possibly the hedging of copper and gold prices.(which I havent figured out the long term effects of. )
Have you or anyone read this : and have an opinion. http://news.moneycentral.msn.com/tic...501&ID=5685047
Im looking for a reason NOT to buy this so any intelligent critique is welcome.
P.S. Thanks for all of the encouragement so far on this thread.Comment
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Ain't nuthin' wrong
NXG is an exploration company, and it just got slapped because of the company it is keeping: commodities! Didn't you hear the report? We have all stopped using gasoline (gas stocks at all time high) and gold, copper (housing slowdown), and coal (manufacturing sector slumped last month). So NXG had a great report for last quarter, but what about NEXT quarter? The entire sector has been slapped. A recession is coming, and that always means less consumption of minerals, so NXG has got to pay sooner or later.Originally posted by grebnet
Technically, the chart said before earnings that NXG was way overbought on huge "topping" volume. But after this drop of $1, today's action was a bullish engulfing candle, and Wednesday should be an up day for NXG-- a reversal.
SO I'd say buy this one for the short term ride.
Note that I said "short term." It could very well fall another $1 after it moves up for a few days.
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What stock are you looking at, NB? NXG defintely did not make a bullish engulging candle yesterday. The open and close were within Monday's open and close.Originally posted by New-born baby
Engulfing bar: http://www.daytradersbulletin.com/html/cs15.htmlComment
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that link was great to read.... helped me out a lot, ty, I will put that in my fav to review when needed.Originally posted by DStecklerComment
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This is weird. When I looked at the chart this morning, yesterday's action was an inside day. Now it look like it rose above the 50DMA and was nowhere close to an inside day. What do you show for yesterday's OLHC?Originally posted by DStecklerComment
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Nxg
I show NXG Open 3.87 ,High 4.03, Low 3.58, Close 3.84Comment
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Ah...I found the problem. NGX is what I looked at when I made the 10:57 post. NXG, which was the topic of discussion, did not make an engulfung bar yesterday.Comment
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Sim
Bought SIM at $6.59 today . I was happy to see that stenzrob coincidentally bought today also. We cant both be wrong.........can we ?????
I had sold on 4/26 at $7.52 and been waiting ever since for pullback ( cost $6.73 on 3/31 )Comment
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Rgmi
Anyone else buy RGMI yesterday or this am
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welcome to the club.Originally posted by grebnet
I like the way you think. We buy similar stocks.Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin FranklinComment
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Wow! Look at RGMI go.Originally posted by grebnetAnyone else buy RGMI yesterday or this amComment
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Chid
Just back part of my CHID position at .80 . I had sold at $1.09 on 5/8Comment
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Nmkt
NMKT put this out today. They pump their own stock a lot , but I bought some 2 months ago and just gonna leave it sit. It may be a scam but it sounds good on paper and if all comes true , it could make me some $$$$$
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Is everybody having fun yet
Its a lot more fun making money everyday.
These down days are good to go back and reevaluate your holdings......and decide which are good to add to after pullbacks. I am sitting tight . No panic selling. The only companies that wont come back from these pullbacks are th ones that were overvalued in the first place....which we shouldnt be holding anyway..
Good LuckComment
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