RE:300MM pounds
oscarwilde wrote: I have been looking at these charts for decades. I threw them in the bin last year because this one (NXE) is special. The real tool to use here is instinct based on 50 years of experience which I fortunately have. I am long, long, long. At last someone is on my wagon thinking big which I first posted last year. If the uranium price starts to rise, NXE WILL be in a takeover war as sure as I am sitting here. It WILL be sold. I cannot say how much, will depend on the major shareholders. This is a wonderful, once in a decade story. The only flaw so far is the 50 cent capital raising. It could have been done now for 70+ just a month later.
1/16/15 - Buy: Bottom @ $0.33
4/26/15 - Sell: Channel Top @ $0.67
4/29/15 - Buy: RSI 50 @ $0.51
6/11/15 - Buy: Breakout/Leak @ $0.57
If you traded the above signals $20,000 becomes $72,291for 261.5%
Buy and hold, and your $20,000 becomes $47,280 for 136.4%
I'm not saying buy and hold is the wrong strategy... just saying that effective TA can help you acquire more shares and/or stretch your profits.