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foxhound02

08/18/15 10:27 PM

#38497 RE: TZOR #38496

Couple of thoughts:

1. If you compare NW with the IBB biotech index, you will find what is probably a 90% or more correlation. So, you cannot read much into NW's chart. Swing traders, wait for a good candlestick reversal. I did this during the last extended downturn and had a good run. Not sure I am going to try it again. I simply will not take the chance of getting wiped out.

2. As far as the quiet. Something might be brewing or perhaps they are rotating vacations.

3. As far as coy confidence. Not sure what to make of that?

4. For a long term play with the opportunity of a 2-3 bagger (five year), consider gold and silver. I prefer the miners, GDX GDXJ.