NuGene International Inc (NUGN)

[JJ8]

Anytime a product line that has got a promise... combining the latest scientific research discovery such as 'stem cells' in healthcare already if it promises in cosmetics will attract attention. When it also gets the involvement of a known and widely followed successful model as Kathy Ireland who has good standing reputation of being successful, indeed has a better chance to succeed in the marketplace until it is proven otherwise.

I will be soon buying the stock again probably in steps. I feel this may be already close to a bottom but we don't yet have enough historicals for a better assessment of the situation. Anyway, "only fools chase tops and bottoms in the stock market" and I won't repeat what Bernard Baruch said about this matter. Accordingly, my approach is to buy in steps. In general after a certain drop of a better known stock, I add more after further 5% declines. In NUGN case there's only one precedent and that was $2.61 and it's a challenge at this time anyway. I think around $3 seems to be a good entry in my case... because I have a plan how to handle it.

Now that I do know more about it, NUGN also appears to have a good chance to succeed. It's all about risk taking within one's risk tolerance and good money/risk management. There are no guarantees in this 'game'. Again, I bought first because I saw the wide fluctuations and the volatility. In addition to the stock risk, this makes a good stock candidate for Swing trading besides holding it LT and IT. Do your own DD, in any case. The owner is supposed to be the guardian of their money! GLTY and GLTA