New Century Energy Corp (NCRE)

[edwards]

Constructive dialogue - entry point?

Joining the party after a long failed stint with sunr/mma, have some dough to put to work.

I want to ride the parabolic wave like everyone else, I suspect oil has a long way to go but with pullbacks, I'm looking for a good entry points and constructive dialogue. (no need to pump hysteria)

The last parabolic move was from somewhere around .005 to .35 before breaking down to a .15 to .26 trend channel. The most recent parabolic move has gone from about .26 to .56.

Staying within the trend channel; I'm looking for an entry point somewhere around .30 to .35 which would be within the current trend channel.

Both parabolic upside moves have been around 40-60% range. Parabolic move #1 was followed by a 40-50% pullback. Factoring in momentum, parabolic move #2 may retrace around 30-50%, taking it back within the trend channel which would be in the .30-.35 range.

Any opinions? (I used very broad visual calculations on my analysis)

There is a better chance of this going to dollar land if it trends within the channel vs. an extended hyper parabolic move followed by a hard crash.

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I would also like to get any opinions about a long term investment with NCEY

I’ve read Yahoo message board on NCEY and see some concerns about the 71m debt. As a longer term investment, can anyone provide a constructive analysis about the debt and how it may or may not have an impact on a long term investment?


cheers!
-edwards

I should add that I used bigcharts / interactive charting to draw the trendline starting on June 11