The key to Buffett's success has been his patience. If you read the Money Masters (by John Train) you begin to realize that patience is the most important trait that all of these great money managers had. Today (however), Buffett at age 84 (or so) has lost his patience. Long term (like 5 years), NOV is a terrific long term play. Short term, it can be a traders paradise.
Sentiment: Strong Buy
Everybody idolizes Buffett's success and accomplishments, but precious few people actually DO what he DOES.
I do, however. I'm outta here.
We Made a lot of Money...
MNGA looks poised for a major breakout. Company announces major order for MagneGas® from one of the nation’s largest transportation companies. What next? $2 a share?
MNGA confirms sale of MagneGas® to yet another major buyer in the US. This time it’s one of the Nation’s largest transportation companies. Is $5 the ultimate next stop?
NOV should be avoided. I found my winner thanks to Ultimate Stock Alerts (they are in Google, do a search)
MNGA is now front page news thanks to an order for its MagneGas® gas as a replacement for acetylene. This is the news investors have been waiting for without a doubt.
Traders dig in and rush to cash in after MNGA sees RESI rise to 64. Could it go all the way to 80 RSI where it trades at $1.13?
MNGA set to reach $2.50? That’s the question on the lips of investors after the company announces yet another order for its MagneGas®, a viable replacement for acetylene.