RE:well monkeydonkey no snappy comeback?oldfx1 wrote: no doubt the market cap of NVO got way ahead of its promotional reality which many jr's do when waiting for the news to the moon, 1 sample was weak another decent so its pretty obvious from the price reaction the specs sold on the weaker sample outcome as NVO must continue to produce high octane NR to keep the positive momo going, it didn't. Also some of the longs puked today although they won't admit their actions as they only pump BS to the moon!
"IF" NVO is going to the moon = $12-$15 we now know the next NR better be really hot or another repeat of todays reaction will take place. Going to be really interesting to see next weeks trend as many are well long to the gills expecting a fantastic NR so they aren't buyers, NVO will need new longs to appear and that will show on the chart as it always does, Capital flows always leave a footprint, if the weekly chart can produce a close above $5.11 then no action is advised as those looking for the moon shot NR have left for other hot trades....new buyers are needed
No, you implied that you sold because TA is king, turns out that you didnt... So or TA is not valid here, or you are doing it wrong.
One sample was more than half below the gold zone, so it is basically useless. The other was decent, i expected more (15-20gpt), but the samples are from a smaller part of the conglomorates. I think the bigger sections will have lots more.
And yes, they will need much better NR's. I thought we would start flying from here, i was wrong, and i lost a lot of money. But in the medium term (2 months or so), i still expect over 12. In half a year 25. In 3-5 years 100.
Call me crazy. Maybe i am.