I’m stepping away from my treasure horde here for a minute in order to evade the ennui of large numbers. There’s only so many bricks of bullion you can stack before you need a Pappy and an Advil, after all.
I wanted to revisit my old Bluegrass friend, NGAS Resources, Inc. [[NGAS]] — of Lexington, KY. Remember this chart from a couple of weeks back?
Well things haven’t changed much, save for the turn of the coil for one more opportunity towards advancement. You can see the running along the 20-day MA since my last post, but today we closed above the 200-day MA for a second time ($2.31). Here’s today’s close:
Given that NGAS has turned north again, and that we are experiencing a rising market with a dropping dollar along with rising oil price, I think the next days may reveal another opportunity to add as the days grow chillier, and the leaves colour and drop.
I will address additional entries in The PPT with the cohort there. Right now I’m at a “one-third” position, and plan to add at least one more third in the coming days, if price unfolds as I think it will.
Best regaurds (sic).
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Tanks…
Did you hear that Belmont Ave kicked it’s oil habit and converted to natty?
And you know if BA is going natty, then the whole freaking Northeast is going natty.
Banque on it.
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SVA hopped up well over it’s downtrend line this morning and just re-touched at $7.73. It could take off from here.
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Jake, you sticking with CVM or throw in the towel already?
As nana use to say … “If you haven’t got anything nice to say, then say nothing at all” …. point taken
Jake,
Do you have to pay stockcharts for the price by volume charts?
I can’t seem to find them.
Thanks!
Good question… I’ve had stockcharts membership for so long I don’t even know…. I guess so?
In the “Overlays” section it’s under “Volume by Price.”
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Sold a small amount of puts on TSE:GAS since UNG is too broken, etc.
Most of the gas related names are too bid up here.
EGO, NG and GDX both breaking out… ANV close.
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Jake I know you were friendly with master trader Alphadawg.
May i asl is he planning to return to the IBC site?
Happy trading…
mk
Not sure… he’s been on hiatus for a while, here….
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As announced on the PPT, I added another 1/3 to my TBT position last night right before the close. I was just looking for a pullback, and did not expect a huge move today… it’s up almost a buck in pre-market however, which I don’ think can be a good “long term” thing for most stocks.
Be cautious in this euphoria here.
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XRA on a tear again…. This was a #1 PPT pick in the gold sector last week, folks.
Just sayin’….. Fly’s brain even knows gold.
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Thoughts on PAAS? It looks like they are taking over Aquiline. Down 4%. Is this a buying opportunity?
Yes, it’s my #1 rec on the next post.
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