"I bought 100,000 NRL at 16 cents for a total of $16,030. The initial stop is 14 cents (being the previous days low) and the target is around 30 cents, where I will sell unless I am stopped out sooner. The stop on NRL is larger than I would like. But as I was only buying two stocks and RRL had a much tighter stop, the total for the two was just within my limits. The target price for NRL is the spike high of 33 cents formed in 2007 and that price is also the result obtained when the pattern formed since the spike high made in 2008 is mirrored up from the 2008 high"
http://thedaytrader.com.au/6_April.html
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- the day trader morley is predicting 30 cents.
"I bought 100,000 NRL at 16 cents for a total of $16,030. The...
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