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  • palosparkflash palosparkflash Jan 4, 2005 8:12 PM Flag

    NOVT

    I tried day trading NOVT today. Bad play, not necissarily because of the down trend in the markets. But because the bid/ask made it difficult for me to buy at a particular price.

    Bull, how long have you held NOVT and how long do you intend to hold? Just curious.

    Flash

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    • Hey flash,I entered on Fri the 31st at $1.76.The stock at the time had just put in a series of higher highs and higher lows back to back,which was a bullish indication that it may blast off.The Macd from August up till now has been on a rising trend while the price of the stock was declining then bottoming before this most recent rise.That is called positive divergence,stock price falling,Macd trend rising.Plus the Macd had recently passed the centerline .00 which to many is a buy signal or sign of strength.Judging the past few days it looks like the bears have manage to squash the setup that I was trying to play.Im still in it but if it starts losing 1.50 I'll be saying goodbye.

 
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