Novo Resources Corp T.NVO

Short term bullish

[stocksluice]

For those who may be the least bit interested, I jumped back in yesterday, on the basis of sentiment and technicals. I still think fundamentals have yet to be adequately demonstrated, but I am short term bullish. I'll be maintaining a tight gradually increasing stop loss currently set ~$3.20, just in case there is another general market meltdown, or failing that, some "unanticipated" operational problems with the mill.

[TXRogers]

You are correct, SS.   Fundamentals do have to be proven out.  But the unstoppable determination to do so is there. Has been for a very long time. And with regards to Market melt downs and melt ups:  Well, they're tidal and carry much more along them than just Novo. Let's ride. Tx  

[stocksluice]

Despite my reservations regarding the fundamentals and start-up problems, I do think the next 3 months are likely to be bullish for NVO, solely based on sentiment and technicals (IF we can get back into that upper channel of the St. Andrews fork and stay there... I think the pumping bullish sentiment should be enough to make the technicals look enticing). I think we are likely to retest resistance

[stocksluice]

Poor choice of words on my part, instead of "pumping bullish sentiment" read "ecstatic enthusiasm"

[CrimsonT]

You play guitar SS? We could always use another guitarist but no driniking allowed. Wenching, plundering and pillaging is though. CT:)

[stocksluice]

As a matter of fact I do,  CT, steel string acoustic and electric, but mainly the former, and occasionally with a spleef or two. Is that allowed?

[CrimsonT]

If I knew what a spleef was I would tell you. But just about anything goes. CT

[stocksluice]

lol, evidently you're not a big Bob Marley fan, CT, but that's okay... time and patience ;^))