NWE 0.00% 5.6¢ norwest energy nl

maybe time to rething, page-13

  1. 388 Posts.
    Doubled up my holding today, couldn't resist.

    It's had good support the last couple of days considering the crap that's been going down. Strongly held stock, so feel safe with a tight stop loss if you are worried about the markets.

    I feel it's bottomed out but it's at the mercy of the markets at the moment. The sell side has declined for the last 6 days now, and the buy side increased for the first time in 12 days. It did turn a corner on the TA front today with a few indicators coming around, but i want to see a few more turn around before i call it.

    As a side note the day it dropped from .038 to 0.032 (27/04/2010) there was a bit of manipulation going on during the day to actually help push the price down to .032. The raw data of the time and sales for that day showed a particular trader dropping a few bombs at key times during the day to force it down. From there on it held at .032.

    Now bring on a J.V....

 
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