dare i say words of wisdom..., page-25

re: blueballs-do you watch nal? Sorry Matt but nal isnt on my radar meaning when I do an exploration for stocks to watch each night if they dont make my radar then I dont watch them.

Since you asked though I have looked at nal chart and it quite similar to that of lum being that it had a nice run up but has lost more than half its value in recent times.

Therefore the trend is not really up...Long term it could be said the trend is up if you put nal on a monthly chart...but for a good trend you need short medium and long term trends to be in the same direction.

Im not right with charts all the time..but my guess from looking at nal is after consolidating at this level it will prolly fall further...the reason being usually when a stock rise or falls and then consolidates it usually goes in the direction it was going before consolidation.

Id take a guess and say NAL has a 60% chance of falling and a 40% chance of rising so I would not buy it for that reason.

Hope that helps.