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Re: vettekiller post# 4600

Thursday, 02/22/2007 4:52:21 AM

Thursday, February 22, 2007 4:52:21 AM

Post# of 33904
I wouldn't put the cart before the horse here, vettekiller. NVMG spiked last time due to a whole different set of dynamics.

Nearly no one had paid any attention to NVMG until the Shell news was announced. Then, everyone was all over it like NVMG just hit the motherload. Emotional buying ran rampant and was what drove it up so high, so quickly, in large part by the skilled wording of a few fine pumpers.

The subsequent retrace was inevitable.

Those more familiar with me know that I prefer the action that is good for the majority, rather than the select few who are able to call the peak and exit quickly at it, and thereby walk away with profits made at someone else's loss.

It is better to make slow steady gains, that EVERYONE can enjoy, than spikes that only serve the greedy's self-interest.

What is more important is that we hold our gains, as we are holding .01's right now, after a 500%, 3 week move.

I would rather see us creep up to .05, than to do it all at once, only to have a chart that bears the scar of yet another unneccessary spike and retrace.

No, NVMG is not going to 'skyrocket' today. The dynamics are totally different. We will have a good day though, and as more people 'like what they see', it shall lend to the uptrend.


L~



"took me 3 long years to make a million bucks over night"

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