RE: Harv sounds like >sillyeagle
I'm not ususally a long term trader but I had set a target of holding NDM till at least Christmas. However I have followed my 10-12% stop loss rule quite consistently over the years and this strategy has saved me from some huge losses. On the other hand it has also hurt on stocks like NRM, XMSR and AMR.
Since a friend M. O'Reilly gave me the tip about NDM in mid March the stock is down 25% from $8. That's a sizeable loss for any investor long or short term. I'm glad I sold at 7.50 and bought again at 6.80 to limit my losses or it would be worse. With the daily low volume it's hard to tell if anyone is accumulating at these levels. I would love to know Paul Van Eeden's opinion on this stock or if he holds NDM in his portfolio. This would be a good incentive to hold.
I'm sticking to my sell below $6 price and who knows maybe I'll be able to buy NDM back again at $4 or $5.
All the best.
Harv