NENG was a decent long but because of where the stock was in relation to the 200 DMA (way too extended) on the first buy I did not get a lot of the stock then. Obviously, by taking a look at some of the longs listed here before NENG broke out I was already quite long some HOT HOT HOT HOT HOT patterns. But this one was too noticeable, even with all the HOTTIES all around, that come 6/4 I did get a good size going. From the first purchase to the top on 12/2/03 the stock gained 343% in six months and one week. This was a beautiful chart that rivaled many of the other winners but I think you should be able to tell why I loaded-up on HIL and only bought a good amount of NENG. It is all about risk. From my second buy to the top, the stock gained 298% in a little under six months.
the first buy:
the second buy:
the third buy:
my first sell (climax run):
the big sell:
the top (nine days later it would close below the 50 and 200 DMA on HUGE volume):
In a rare move Stocks end lower; Gold and Silver find their Footing
Heading into the week the US market once again watched the Nikkei continue to move further into the stratosphere. Futures were pretty anemic heading into the trading session today. Overnight news focused on the plunge in precious metals as Silver and Gold were hit hard. Despite the negative open and sentiment both precious metals were [...]