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Tzak
08-15-2005, 01:39 PM
I think this stocks going to fly either way.Volume is dead and since I cant catch the run up in England,I'm thinking about adding to my position.I know it's risky.Any chart readers with opinions?
imported_bingobazza
08-15-2005, 02:07 PM
If you cant read this chart for (finobacci) retracement, then you're a donk.

Bingo
Sniper
08-15-2005, 03:14 PM
[ QUOTE ]
If you cant read this chart for (finobacci) retracement, then you're a donk.

[/ QUOTE ]

Bingo, I think you meant.... Fibonacci
r3vbr
08-16-2005, 12:33 AM
what's that supposed to mean...
fibonacci retracement
please explain what the chart says. I own 60,000 USD worth of this stock so im interested eheheh
Sniper
08-16-2005, 05:59 AM
I didn't actually look at the chart, was just correcting his terminology. If I have a chance later I'll take a look.

Hopefully Bingo will explain his thoughts.
imported_bingobazza
08-16-2005, 10:17 AM
Yeah, my spelling sucks when Im pissed (and my mood did too, if you cant tell). Well, NLR is a traders dream stock. The price has behaved very predictably and a lot of traders have gone long and short of this one for the last year. Its had a very good run in the last 3 months, so I expect the shorters are sitting waiting for an opening right now....so it will probably be forced back down for a while before marching back up. I have to say, i love NLR as a stock, and and think it could hit £20 a share in a few years...its such a brilliant business, if it can aviod the obvious risks and diversify away from poker income, which its trying to do...because the unpredictability of the poker income is where the greatest dangers lie. The management here are doing a good job...and if they continue, who knows where this could end up.

I would look for a price pull back to support around £6.80 before buying this one again, then watch it march to 12...as many analysts expect it to before the end of the year...great business..(so far). But Ive just glanced at the chart, Im in for the long term...so dont depend on my short term research on this one. It could just as easily never seen £8 again.....but Im in already... /images/graemlins/cool.gif Id say if in doubt, buy now.

Bingo