NSE 0.00% 0.4¢ new standard energy limited

pressure building, page-12

  1. 5,988 Posts.
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    Hi Tim

    Your quote; "The longer NSE trades bugger all shares the more likely there will be a large move in the sp."

    Dr. Gann's quote; "When a stock (or commodity) advances into new territory or to prices which it has not reached for months or years, it shows that the force or driving power is working in that direction. It is the same principle as any other force that has been restrained and breaks out. Water may be held back by a dam, but if it breaks through the dam, you would know that it would continue downward until it reached another dam, or some obstruction or resistance which would stop it. Therefore, it is very important to watch old levels of stocks. The longer the time that elapses between the breaking into new territory, the greater the move you can expect, because the accumulative energy over a long period naturally will produce a larger movement than if it only accumulated during a short period of time"

    And yes, Good Gas, you are right. No one has made a comment about the management announcement yesterday. I think it is great to have very highly skilled pros in our team. I don't want to make more comments as I am still in holidays and don't want to put any pressure on myself about business. But I have read the anns very carefuly. The manegment team of NSE is getting stronger and stronger over the time. I really like Sam's professionalizm. He is the key man who is building all this shareholder value. I hope NSE will create another big value over the Merlinleigh project next year.

    Cheers
 
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