Grebnet's Two Cents

[grebnet]

Rgmi

Anyone else buy RGMI yesterday or this am

I posted that on Wednesday....No responses...Did anyone else buy...Impressive that it has risen so much thru this pullback

[grebnet]

Gv

Added more GV at $1.53

have a good weekend.

This is old but funny
Read out loud

I am sofa king we Todd did..

[grebnet]

Is everybody having fun yet

Its a lot more fun making money everyday.
These down days are good to go back and reevaluate your holdings......and decide which are good to add to after pullbacks. I am sitting tight . No panic selling. The only companies that wont come back from these pullbacks are th ones that were overvalued in the first place....which we shouldnt be holding anyway..

Good Luck

[grebnet]

Nmkt

NMKT put this out today. They pump their own stock a lot , but I bought some 2 months ago and just gonna leave it sit. It may be a scam but it sounds good on paper and if all comes true , it could make me some $$$$$

http://biz.yahoo.com/bw/060518/20060518005523.html?.v=1

[grebnet]

Chid

Just back part of my CHID position at .80 . I had sold at $1.09 on 5/8

[Websman]

Anyone else buy RGMI yesterday or this am

Wow! Look at RGMI go.

[peanuts]

Bought SIM at $6.59 today . I was happy to see that stenzrob coincidentally bought today also. We cant both be wrong.........can we ?????

I had sold on 4/26 at $7.52 and been waiting ever since for pullback ( cost $6.73 on 3/31 )

welcome to the club.

I like the way you think. We buy similar stocks.

[grebnet]

Rgmi

Anyone else buy RGMI yesterday or this am

[grebnet]

Sim

Bought SIM at $6.59 today . I was happy to see that stenzrob coincidentally bought today also. We cant both be wrong.........can we ?????

I had sold on 4/26 at $7.52 and been waiting ever since for pullback ( cost $6.73 on 3/31 )

Ah...I found the problem. NGX is what I looked at when I made the 10:57 post. NXG, which was the topic of discussion, did not make an engulfung bar yesterday.

[grebnet]

Nxg

I show NXG Open 3.87 ,High 4.03, Low 3.58, Close 3.84

What stock are you looking at, NB? NXG defintely did not make a bullish engulging candle yesterday. The open and close were within Monday's open and close.

Engulfing bar: http://www.daytradersbulletin.com/html/cs15.html

This is weird. When I looked at the chart this morning, yesterday's action was an inside day. Now it look like it rose above the 50DMA and was nowhere close to an inside day. What do you show for yesterday's OLHC?

What stock are you looking at, NB? NXG defintely did not make a bullish engulging candle yesterday. The open and close were within Monday's open and close.

Engulfing bar: http://www.daytradersbulletin.com/html/cs15.html

that link was great to read.... helped me out a lot, ty, I will put that in my fav to review when needed.

But after this drop of $1, today's action was a bullish engulfing candle, and Wednesday should be an up day for NXG-- a reversal.

What stock are you looking at, NB? NXG defintely did not make a bullish engulging candle yesterday. The open and close were within Monday's open and close.

Engulfing bar: http://www.daytradersbulletin.com/html/cs15.html

[New-born baby]

Ain't nuthin' wrong

Im looking for help.

I sold NXG ON 4/28 AT $3.97 ( COST 3.29) Then watched it go to $4.80. Earnings came out and I felt vindicated as it is now $ 3.80s. I have read the qtrly report and cant figure out what was so bad except possibly the hedging of copper and gold prices.(which I havent figured out the long term effects of. )

Have you or anyone read this : and have an opinion. http://news.moneycentral.msn.com/tic...501&ID=5685047

Im looking for a reason NOT to buy this so any intelligent critique is welcome.

P.S. Thanks for all of the encouragement so far on this thread.

NXG is an exploration company, and it just got slapped because of the company it is keeping: commodities! Didn't you hear the report? We have all stopped using gasoline (gas stocks at all time high) and gold, copper (housing slowdown), and coal (manufacturing sector slumped last month). So NXG had a great report for last quarter, but what about NEXT quarter? The entire sector has been slapped. A recession is coming, and that always means less consumption of minerals, so NXG has got to pay sooner or later.

Technically, the chart said before earnings that NXG was way overbought on huge "topping" volume. But after this drop of $1, today's action was a bullish engulfing candle, and Wednesday should be an up day for NXG-- a reversal.
SO I'd say buy this one for the short term ride. Note that I said "short term." It could very well fall another $1 after it moves up for a few days.