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Re: gibson99 post# 1152

Wednesday, 05/23/2007 11:51:16 AM

Wednesday, May 23, 2007 11:51:16 AM

Post# of 11478
gibson99, what you and other shorts from stocklemon don't realize is that many of us like myself and gold80302 made huge profits on NNRF during the big runup. For example I bought NNRF in the low $1's originally, then bought more in the $2's, 3's and 4's. Then I sold ALL OF my stock in the $7 - $9.5 range.

Then I started buying again when it consolidated. I bought a little too early, but then I bought more when it fell in the the $4's and now my average cost is about $5.30 on my new position. The point is, I have so much profit from the original runup that NNRF could fall to the $4's, $3's or lower and I'd still be up. The selling has dried up and it's basically holding up fairly well on light volume, which is bullish. Everything is a gamble of course and yes this is speculative and I treat it as such, but it also has big potential.