Tuesday, January 29, 2008 9:58:05 PM
That is a mighty fine profit you are sitting on then. Congrats!
I sold NM this afternoon at 10.76 (1.00 per share profit, ;0) with the intention of getting back in at 10.50. I changed my mind and decided that since the fed is "supposed" to cut rates tomorrow and the dividend date for MCGC is tomorrow, I would go that direction.
I did add to my ESEA position though. NM and ESEA trade rather similarly and this way I didn't have to use a day trade.
I do like the fact that NM is resistance free up to the 50 ma at $12.16 though. I will be looking to re-enter on the next dip in the 10 min chart.
Good luck to you, I really like this stock right now.
I sold NM this afternoon at 10.76 (1.00 per share profit, ;0) with the intention of getting back in at 10.50. I changed my mind and decided that since the fed is "supposed" to cut rates tomorrow and the dividend date for MCGC is tomorrow, I would go that direction.
I did add to my ESEA position though. NM and ESEA trade rather similarly and this way I didn't have to use a day trade.
I do like the fact that NM is resistance free up to the 50 ma at $12.16 though. I will be looking to re-enter on the next dip in the 10 min chart.
Good luck to you, I really like this stock right now.
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